DevonEnergy.com Independent oil & gas exploration and production company
Devon Energy Corporation
Devon Energy Corporation is one of the world's leading independent oil and gas exploration and production companies. Devon Energy Corporationís area of exploration basically lies in US and Canada, though the company has its offices and networks in many other countries too. Devon Energy is North America's largest processors of natural gas liquids considering the fact that they also own natural gas pipelines and treatment facilities in a large range of areas. Devon has approximately 4,600 employees world wide.
Profile
Headquartered in Oklahoma City, Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange is under the ticker symbol DVN. The company's business profile of oil and gas enables a reliable, environmental friendly solution and a solid base for future growth. Most of the business around 88 percent of the company's turn over comes only from North America although the company has a range of offices in Azerbaijan, Brazil and china. The company also owns properties in West Africa and Egypt. The total production of Devon Energy Corporation is divided into a 60 percent is to 40 percent ratio between Natural gas and Natural gas liquids like propane, butane and ethane. Well over two billion cubic feet of natural gas is produced every day.
Products and Services
Headed by Mr. J. Larry Nichols (Chairman and CEO) and John Richels (President), the company's straight forward line of action includes, exploring for undiscovered oil and gas reserves, purchasing and exploiting producing oil and gas properties, enhancing the value of its production through marketing and midstream activities, optimizing production operations to control costs, and maintaining a strong balance sheet. Each and every of the targets have been successfully achieved over the years and the company has maintained its position and name for so long on the firm basis of its values and mission of converting into a stronger and more reliable foundation day by day.
Values
Optimism, team work, creativity, versatility along with reliability is the key within their employees which keep them on track of generating success. The company's orientation is towards hiring more and more capable and talented people as they are people who directly contribute to each and every aspect of the company. Shareholder value is another major area of concern for the company on which special emphasis is laid. With the continued expansion of our business, the spectrum of communities that are touched by our operations continually broadens. That is why we have a fundamental respect for the environment and the people and communities in which we operate.
Carrying on the business lawfully, ethically and keeping in priority the social and environmental responsibility which naturally falls on the company being such a big and reliable source for the country, is very important and is given special consideration by the company. To achieve pollution prevention Best possible technology and methods are followed which cause minimum discharge, apply recycling and thus reduce wastage. Achieving the desired targets and thus performing up to the expectations of the investors is another area of concern which is closely administered.
Global Disbursement=
Various regions located outside North America, including Azerbaijan, Brazil and China. The Company also owns properties in West Africa and Egypt. On June 29, 2006, Devon acquired the oil and gas assets of Chief Holdings LLC. This transaction added 99.7 million barrel of oil equivalent of proved reserves and 169,000 net acres to its Barnett Shale assets.
Contact
Administrative:
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- Oklahoma City OK
- US 73102
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Registrant:
- Devon Energy
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- Oklahoma City OK
- US 73102
