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Devon Energy's Overview

Total employees4459
HeadquartersOklahoma City
Founded1971

Devon Energy Corporation is a leading independent energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids. Headquartered in Oklahoma City, Devon's operations are concentrated in several of the most prolific oil and natural gas plays in the U.S., including the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and Williston Basin. The company is committed to responsible and safe operations, environmental stewardship, and delivering value to its shareholders through disciplined capital allocation and a focus on high-return projects. Devon prioritizes innovation and technology to enhance efficiency and optimize resource recovery.

Where is Devon Energy's Headquarters?

HQ Function

Serves as the global corporate headquarters, housing executive leadership, strategic planning, financial operations, investor relations, and central administrative functions for its U.S. onshore operations.

Notable Features:

The Devon Energy Center is an 844-foot, 50-story skyscraper, the tallest building in Oklahoma. It features a distinctive glass facade, a multi-story glass rotunda, state-of-the-art facilities, and public green spaces.

Work Culture:

Known for a professional and collaborative environment, with a focus on innovation, safety, and operational excellence. The modern headquarters is designed to foster employee well-being and productivity, often cited for its amenities and community engagement.

HQ Significance:

A landmark in Oklahoma City, symbolizing the company's significant presence in the energy sector and its commitment to the local community. It serves as the central hub for Devon's extensive U.S. operations and is an icon of the city's skyline.

Values Reflected in HQ: The building's modern design, advanced technology, LEED Gold certification for sustainability, and public engagement spaces reflect Devon's values of innovation, efficiency, environmental stewardship, and corporate responsibility. Its prominence also signifies leadership and stability.

Location:

Devon Energy's operations are strategically concentrated in the United States, with a primary focus on premier onshore basins. While the company historically held international assets, its current portfolio is entirely centered on high-return oil and gas development in five key U.S. oil and liquids-rich regions: the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and Williston Basin. All corporate, strategic, and support functions are managed from its U.S. base to optimize these domestic operations, engage with global energy markets, and manage its supply chain.

Street Address:

333 West Sheridan Avenue

City:

Oklahoma City

State/Province:

Oklahoma

Country:

USA

Devon Energy's Global Presence

Delaware Basin (Texas & New Mexico), USA

Address: Multiple field offices and operational centers strategically located throughout the basin.

To efficiently manage and expand Devon's premier position in one of North America's most prolific and economically attractive oil and gas plays, driving significant production and reserve growth.

Eagle Ford Shale (South Texas), USA

Address: Field offices and operational facilities supporting assets primarily in DeWitt and Karnes counties.

To sustain and grow high-margin production from its core Eagle Ford acreage, leveraging advanced drilling and completion technologies.

Anadarko Basin (Oklahoma), USA

Address: Field offices and facilities supporting activities across central and western Oklahoma.

To develop and produce from diverse formations within this mature and prolific basin, contributing to Devon's balanced commodity portfolio.

Powder River Basin (Wyoming), USA

Address: Field offices and operational sites primarily in Converse County, Wyoming.

To unlock the substantial oil potential of Devon's extensive acreage in this promising basin, contributing to future production growth.

Williston Basin (North Dakota), USA

Address: Field operations supporting assets primarily on the Fort Berthold Indian Reservation.

To efficiently develop and produce from Devon's assets in this established oil play, contributing to overall production and cash flow.

Buying Intent Signals for Devon Energy

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Devon Energy

As of April 2025, Devon Energy' leadership includes:

Richard (Rick) Muncrief - President and Chief Executive Officer
Clay Gaspar - Executive Vice President and Chief Operating Officer
Chris Steddum - Executive Vice President and Chief Financial Officer
Dennis C. Cameron - Executive Vice President, General Counsel and Corporate Secretary
Tana Cashion - Executive Vice President, Human Resources

Investors of Devon Energy

Devon Energy has been backed by several prominent investors over the years, including:

The Vanguard Group, Inc.
BlackRock, Inc.
State Street Corporation
Fidelity Management & Research (FMR Co.)
Wellington Management Company LLP
Capital World Investors
Geode Capital Management, LLC

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

In the past 12 months, Devon Energy saw a significant leadership transition within its finance department. The long-serving Chief Financial Officer retired, and a successor was appointed from within the company's ranks, ensuring continuity. The core executive leadership team otherwise remained largely stable.

Departures

Jeff L. Ritenour, Jeff L. Ritenour retired from his role as EVP and CFO effective February 29, 2024, after a distinguished career with Devon Energy.

New Appointments:

Chris Steddum, Chris Steddum was appointed EVP and CFO, succeeding Jeff L. Ritenour. He previously served as Devon's Vice President, Investor Relations, and Treasurer.

Technology (Tech Stack) used by Devon Energy

Discover the tools Devon Energy uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Devon Energy Email Formats and Examples

Devon Energy predominantly utilizes a standard corporate email format, typically combining an employee's first name and last name, separated by a period, followed by the '@devonenergy.com' domain. This is a common structure among large corporations for professional communication.

first.last@devonenergy.com

Format

jane.doe@devonenergy.com

Example

90%

Success rate

News and media

Devon Energy Press Release (Business Wire)May 1, 2024

Devon Energy Reports First-Quarter 2024 Financial and Operational Results

Devon Energy announced net earnings of $553 million for Q1 2024. The company reported operating cash flow of $1.7 billion and free cash flow of $844 million, highlighting strong production volumes that exceeded guidance and efficient capital program execution....more

Devon Energy NewsroomApril 22, 2024

Devon Energy Highlights Continued Progress on Key Sustainability Priorities

Devon Energy released its latest sustainability report, detailing significant achievements in reducing greenhouse gas emissions intensity, enhancing water management practices, and strong community investment. The report emphasizes Devon's commitment to responsible and sustainable energy development....more

Devon Energy Press Release (Business Wire)February 20, 2024

Devon Energy Announces Fourth-Quarter and Full-Year 2023 Results and 2024 Capital Outlook

Devon Energy reported its Q4 and full-year 2023 financial and operational results, achieving record free cash flow for the year. The company also provided its 2024 capital investment plan, focusing on high-return U.S. oil assets and continued shareholder returns through its fixed-plus-variable dividend strategy....more

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