Devon Energy Corp
NYSE:DVN
Operating Margin
Devon Energy Corp
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Operating Margin Across Competitors
| Country | Company | Market Cap |
Operating Margin |
||
|---|---|---|---|---|---|
| US |
|
Devon Energy Corp
NYSE:DVN
|
20.3B USD |
26%
|
|
| MY |
R
|
Reach Energy Bhd
KLSE:REACH
|
31.9m MYR |
14%
|
|
| US |
|
Conocophillips
NYSE:COP
|
117.4B USD |
23%
|
|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
686.9B CNY |
45%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
63.5B USD |
36%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
85.8B CAD |
27%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
34%
|
|
| US |
|
Hess Corp
NYSE:HES
|
40.9B USD |
37%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
40B USD |
42%
|
|
| US |
|
Texas Pacific Land Corp
NYSE:TPL
|
30.9B USD |
76%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
30.8B USD |
6%
|
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
Operating Margin represents how efficiently a company is able to generate profit through its core operations.
Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.
Based on Devon Energy Corp's most recent financial statements, the company has Operating Margin of 26.2%.
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