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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Devon Energy Corporation
Type
Public company
Traded as NYSE: DVN
S&P 500 Index component
Industry Petroleum industry
Founded 1971; 46 years ago (1971)
Founder John Nichols
Headquarters Devon Energy Center
Oklahoma City, Oklahoma
Key people
J. Larry Nichols, Executive Chairman
David A. Hager, CEO
THOMAS L. MITCHELL, CFO
Products Petroleum
Natural Gas
Natural Gas Liquids
Production output
568 thousand barrels of oil equivalent (3,470,000 GJ) per day from retained assets
Revenue Decrease $12.197 billion (2016)
Operating income
Increase -$2.895 billion (2016)
Net income
Increase -$3.302 billion (2016)
Total assets Decrease $25.913 billion (2016)
Total equity Decrease $10.375 billion (2016)
Number of employees
5,000, including 1,500 employed by EnLink (2015)
Website www.devonenergy.com

Devon Energy Corporation is an American independent natural gas, natural gas liquids, and petroleum exploration company focused on onshore exploration and production in North America. The company is headquartered in the 50-story Devon Energy Center, completed in 2012, in Oklahoma City, Oklahoma.

The company ranks 231st on the Fortune 500.

As of December 31, 2016, the company had 2,058 billion barrels of oil equivalent in total proved reserves.

Devon is one of the largest energy producers in the Barnett Shale, where it controls 600,000 acres.

Devon was founded in 1971 by John Nichols and his son, J. Larry Nichols.

In 1988, the company became a public company via an initial public offering.

In August 2000, the company was added to the S&P 500 Index.

In August 2008, the founder, John Nichols, died.

In March 2010, the company sold assets in Brazil, Azerbaijan, and the Gulf of Mexico to BP for $7 billion.

In October 2012, the company completed construction of its current headquarters, the 50-story Devon Energy Center in Oklahoma City, Oklahoma and closed its office in the Allen Center in Downtown Houston.

In April 2014, the company sold its conventional assets in Canada to Canadian Natural Resources for C$3.125 billion.

In August 2015, Dave Hager was named President and chief executive officer of the company.

In February 2016, Devon announced plans to lay off 1,000 employees, including 700 in Oklahoma City, and cut its dividend as part of a cost-cutting effort due to low prices of its products.

In 2017, the company sold its Lavaca County assets in the Eagle Ford.

Shareholders have introduced several resolutions that would require the company to monitor its effect on climate change and to disclose its lobbying activity against regulations to prevent climate change.

In 2014, an investigation by The New York Times uncovered that a three-page letter from Oklahoma's Attorney General Scott Pruitt to the United States Environmental Protection Agency, bluntly accusing regulators of grossly overestimating the amount of air pollution caused by drilling of new natural gas wells, was actually written by an attorney for Devon. The investigation found that "attorneys general in at least a dozen states are working with energy companies and other corporate interests, which in turn are providing them with record amounts of money for their political campaigns, including at least $16 million this year."

In the third quarter of 2014, just before the midterm elections, Nichols made a $136,000 contribution to the Republican "Targeted State Victory" committee.

In 2015, Nichols agreed to lead the energy steering committee of Florida Senator Marco Rubio and made a $50,000 contribution to the super PAC supporting Rubio. Nichols stated that "excessive regulation squashes" energy innovation.

Investment goal date:
Dividends reinvested
Devon Energy Corporation DVN report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-03
--
--
Q4 2017
2018-02-12
--
--
Q3 2017
2017-10-31
0.4600
0.4300
Q2 2017
2017-08-01
0.3400
0.8000
Q1 2017
2017-05-02
0.4100
1.0700
Q4 2016
2017-02-14
0.2500
0.6300
Q3 2016
2016-11-01
0.0900
1.8900
Q2 2016
2016-08-02
0.0600
-3.0400
Q1 2016
2016-05-03
-0.5300
-6.4400
Q4 2015
2016-02-16
0.7700
-11.1200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Artisan Partners Limited Partnership
8077398
BANK OF AMERICA CORP /DE/
13030424
Bank of New York Mellon Corp
6311065
BLACKROCK ADVISORS LLC
6041789
BlackRock Fund Advisors
10518080
BlackRock Group LTD
7204159
BlackRock Inc.
46398296
BlackRock Institutional Trust Company, N.A.
15214698
CITADEL ADVISORS LLC
6773905
FMR LLC
10716575
Invesco Ltd.
25438277
NORTHERN TRUST CORP
5936433
Standard Life Investments LTD
5978916
STATE STREET CORP
27407939
Vanguard Group, Inc
43527746
Major Shareholders
Name Relationship
Total Shares
Holding stocks
HILL JOHN A
9794.1299% (40058)
DVN /
KANOVSKY MICHAEL M
3732.0300% (15264)
DVN /
MOSBACHER ROBERT A JR
7424.9399% (30368)
CPN / DVN /
NICHOLS J LARRY
255114.6719% (1043419)
BHGE / BHI / DVN / SONC /
RICHELS JOHN
165252.8125% (675884)
BOKF / DVN / ENLC / ENLK /
SMETTE DARRYL G
6021.2700% (24627)
DVN / ENLC / ENLK / PHX /
RADTKE DUANE C
9265.7695% (37897)
DVN / FST /
HAGER DAVID A
80362.3516% (328682)
DVN /
BAUMANN BARBARA M
7940.8301% (32478)
BPL / CVI / DVN / SM / UNS /
RICCIARDELLO MARY P
8961.6104% (36653)
RUDOLPH FRANK W
16398.2891% (67069)
DVN /
BETHANCOURT JOHN E
9517.8496% (38928)
DVN /
MITCHELL THOMAS L
20970.9004% (85771)
DVN / ENLC / ENLK / MPO /
Taylor Lyndon C
16723.7207% (68400)
DVN /
Marcum R. Alan
29003.4199% (118624)
DVN /
Whitsitt William F.
6229.5801% (25479)
DVN /
Agosta Jeffrey A.
18446.6992% (75447)
DVN /
Henry Robert H.
2387.0400% (9763)
DVN /
Vaughn Tony D.
38225.9219% (156344)
DVN /
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