Main industry revenues:

• Oil production: approx. 60%
• Natural gas production: approx. 25%
• Natural gas liquids (NGLs): approx. 15%

TOP 3 markets and their shares:

• USA: approx. 70%
• Canada: approx. 15%
• Asia (especially China and India): approx. 10%

Devon Energy Corporation generates the majority of its revenues from oil production, followed by natural gas and natural gas liquids. The main market is the USA, which is due to the company's strong presence and infrastructure in the United States. Canada and Asia are also significant markets, with Asia gaining importance due to the increasing energy demand in countries such as China and India.

Main production sites:

• Permian Basin
• Delaware Basin
• Anadarko Basin
• Powder River Basin
• Eagle Ford

Devon Energy Corporation is a leading independent energy company focusing on the exploration, development, and production of oil and natural gas. The company's main production facilities are located in the United States, particularly in the regions mentioned above. These sites are known for their abundant oil and gas reserves, providing the company with strategic advantages in terms of production efficiency and access to key markets.

Revenue Growth: Estimated 10% (2025)

Investments in Renewable Energy: $500 million (2025)

Devon Energy Corporation pursues a growth strategy focused on diversification and sustainability. The company plans to increase its investments in renewable energy to support the transition to a lower-carbon future. This includes in particular investments in wind and solar energy projects.

Additionally, Devon Energy relies on technological innovations to enhance efficiency in traditional oil and gas production. By leveraging advanced technologies and data analytics, the company aims to reduce production costs and increase profitability.

The strategy also involves exploring new markets and optimizing existing assets to secure stable long-term revenues. These measures are intended to make the company more resilient to market fluctuations and ensure sustainable growth.

Main raw materials: Crude oil, natural gas

Devon Energy Corporation is a leading company in the exploration and production of crude oil and natural gas, primarily in the United States. The company generally does not import raw materials as it focuses on extraction and production within the United States.

Devon Energy primarily sources its materials and resources from its own production sites in the U.S., especially in regions like the Delaware Basin and the Anadarko Basin. Therefore, the company is less reliant on international imports for its main raw materials.

However, if Devon Energy were to import specific materials or equipment necessary for extraction and production, these could come from countries with strong manufacturing industries such as China or Germany. These details, though, are not specific to Devon Energy and are based on general industry practices.

Market share in US oil and gas production: Approximately 5% (2025, estimate)
Cost structure: Below-average production costs compared to the industry
Dividend yield: 7.5% (2025, estimate)

Devon Energy Corporation has a significant competitive advantage due to its efficient cost structure, which enables the company to remain profitable even at lower oil prices. The ability to produce cost-effectively is a key factor that sets Devon Energy apart from many competitors.

Another advantage is the strategic positioning in lucrative production areas, especially in the Permian Basin, known for its high productivity. This geographical presence allows the company to benefit from the best available resources.

In addition, Devon Energy offers an attractive dividend yield that attracts investors and positions the company as a reliable source of income. This strengthens shareholder confidence and can be considered an additional competitive advantage.

Institutional Investor Share: approx. 75% (2025, estimated based on historical data)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

The institutional investor share at Devon Energy Corporation is traditionally high, indicating the confidence of large investors in the company's stability and growth potential. Such investors typically include pension funds, investment funds, and other major financial institutions.

In 2025, there were no significant insider transactions, suggesting that the management and other insiders currently do not anticipate significant changes in their assessment of the company's value. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Devon Energy Corporation: Estimated around 4% (2025)

Top competitors and their market shares:

1. ExxonMobil (NYSE:XOM): around 12%
2. Chevron Corporation (NYSE:CVX): around 10%
3. ConocoPhillips (NYSE:COP): around 8%
4. BP plc (NYSE:BP): around 7%
5. Royal Dutch Shell (NYSE:RDS.A): around 6%
6. TotalEnergies SE (NYSE:TTE): around 5%
7. Devon Energy Corporation (NYSE:DVN): around 4%
8. Pioneer Natural Resources (NYSE:PXD): around 3%
9. EOG Resources (NYSE:EOG): around 3%
10. Occidental Petroleum (NYSE:OXY): around 2%

Devon Energy Corporation has a moderate market share compared to industry leaders like ExxonMobil and Chevron. Devon Energy's economic moat is not as pronounced as some of the larger competitors, who have more extensive resources, a larger geographic presence, and stronger brand recognition.

However, Devon Energy has some advantages, such as specialized expertise in certain geological formations and an efficient cost structure that allows the company to remain competitive in certain market segments. Nevertheless, the major competitors are better positioned to cushion market fluctuations and make long-term investments due to their broader diversification and financial strength.

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) Free Cash Flow: 3.5 billion USD (2024)

Devon Energy Corporation achieved a revenue growth of 10% in 2024, attributed to increased production and higher energy prices. The 8% profit growth demonstrates solid profitability, supported by efficient cost control and operational improvements.

The free cash flow of 3.5 billion USD in 2024 indicates that the company has sufficient funds to invest in growth, repay debt, or distribute dividends. This financial strength can be seen as a positive signal for potential investors.

Additionally, Devon Energy has been investing in sustainable energy projects in recent years, making the company more future-proof in a changing energy industry. These strategic initiatives could lead to a long-term diversification of revenue sources and stabilization of earnings.

Overall, these factors suggest that Devon Energy Corporation could be an attractive investment opportunity, especially for investors interested in stability and growth potential in the energy sector.

Dividend Yield: 8.5% (2025, estimated)
Dividend History: Continuous payouts for several years

Devon Energy Corporation is known for its regular dividend payments. The estimated dividend yield of 8.5% in 2025 indicates an attractive payout, especially compared to industry standards.

The reliability of Devon Energy's dividend payments is supported by the company's strong financial position and its ability to generate stable cash flows despite volatile oil and gas prices. Historically, the company has maintained its dividend policy even in times of economic uncertainty, indicating a solid dividend strategy.