Devon Energy Corp
NYSE:DVN
Devon Energy Corp
Gross Profit
Devon Energy Corp
Gross Profit Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Gross Profit | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Devon Energy Corp
NYSE:DVN
|
Gross Profit
$8B
|
CAGR 3-Years
11%
|
CAGR 5-Years
10%
|
CAGR 10-Years
-7%
|
|
|
Hess Corp
NYSE:HES
|
Gross Profit
$10B
|
CAGR 3-Years
24%
|
CAGR 5-Years
17%
|
CAGR 10-Years
2%
|
|
|
EOG Resources Inc
NYSE:EOG
|
Gross Profit
$14.6B
|
CAGR 3-Years
7%
|
CAGR 5-Years
10%
|
CAGR 10-Years
3%
|
|
|
Texas Pacific Land Corp
NYSE:TPL
|
Gross Profit
$659.7m
|
CAGR 3-Years
15%
|
CAGR 5-Years
7%
|
CAGR 10-Years
N/A
|
|
|
Diamondback Energy Inc
NASDAQ:FANG
|
Gross Profit
$7.9B
|
CAGR 3-Years
13%
|
CAGR 5-Years
21%
|
CAGR 10-Years
35%
|
|
|
Conocophillips
NYSE:COP
|
Gross Profit
$26B
|
CAGR 3-Years
6%
|
CAGR 5-Years
11%
|
CAGR 10-Years
2%
|
|
Devon Energy Corp
Glance View
Devon Energy Corp., an American independent oil and natural gas exploration and production company, has carved out a significant niche in the energy sector. Founded in 1971 by John Nichols and his son J. Larry Nichols in Oklahoma City, Devon Energy was initially a small player in the oil industry but rapidly expanded through strategic acquisitions and savvy investments. Leveraging its expertise in hydraulic fracturing and horizontal drilling, Devon has honed its focus on the onshore production of oil, natural gas, and natural gas liquids in the U.S., particularly in resource-rich areas like the Delaware Basin, STACK play in Oklahoma, and Eagle Ford. This aggressive yet calculated exploration approach has allowed Devon to grow its production capabilities and amplify its influence within the American energy landscape. The company's revenues primarily stem from the sale of the oil, natural gas, and natural gas liquids that it extracts and processes. Devon’s business model relies heavily on operational efficiency and technological advancement, continuously optimizing its drilling techniques to improve recovery rates and reduce costs per barrel. By maintaining a strong portfolio of diverse reserves and executing disciplined capital spending, Devon ensures steady cash flows and robust earnings. Additionally, the company employs hedging strategies to shield itself from the vagaries of fluctuating commodity prices, ensuring stable returns in volatile markets. This adept management approach enables Devon to consistently deliver shareholder value and maintain its stature in the highly competitive energy industry.
See Also
What is Devon Energy Corp's Gross Profit?
Gross Profit
8B
USD
Based on the financial report for Dec 31, 2024, Devon Energy Corp's Gross Profit amounts to 8B USD.
What is Devon Energy Corp's Gross Profit growth rate?
Gross Profit CAGR 10Y
-7%
Over the last year, the Gross Profit growth was 1%. The average annual Gross Profit growth rates for Devon Energy Corp have been 11% over the past three years , 10% over the past five years , and -7% over the past ten years .
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