Companies
Devon Energy
Oil and gasHouston, TexasDVNAbout 2,200 employees
More about Devon Energy
US oil and natural gas producer with onshore shale operations, which merged with Coterra Energy in May 2026
Revenue
$17.2B
Fiscal 2025, up about 8%, before the Coterra merger
Employees
About 2,200
As of December 2025, before the Coterra merger
Stock
DVN
New York Stock Exchange
Headquarters
Houston, Texas
CEO
Clay Gaspar
Since March 2025
Main businessesOnshore US oil and natural gas production, centered on the Delaware Basin
Current strategyIntegrating Coterra after the merger closed in May 2026, targeting $1B of annual pre-tax savings by the end of 2027, with headquarters moved to Houston
Recent workforce changes$198M of merger restructuring charges in the first half of 2026, mainly employee severance, termination and relocation
CompetitorsEOG Resources, Diamondback Energy, Occidental
Related companiesEOG ResourcesDiamondback EnergyExpand Energy
Checked October 11, 2026 · Sources: sec.gov, sec.gov (2), rigzone.com, sec.gov (3)
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