Devon Energy Corp
NYSE:DVN
Net Margin
Devon Energy Corp
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| US |
|
Devon Energy Corp
NYSE:DVN
|
23.9B USD |
18%
|
|
| US |
|
Conocophillips
NYSE:COP
|
130.6B USD |
17%
|
|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
705.5B CNY |
33%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
70.5B USD |
27%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
92B CAD |
17%
|
|
| US |
|
Hess Corp
NYSE:HES
|
48.8B USD |
21%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
25%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
45.8B USD |
30%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
31.6B USD |
4%
|
|
| US |
|
Texas Pacific Land Corp
NYSE:TPL
|
30B USD |
64%
|
|
| US |
C
|
Continental Resources Inc
F:C5L
|
25.8B EUR |
40%
|
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
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on Devon Energy Corp's most recent financial statements, the company has Net Margin of 18.1%.
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