Oklahoma-based Devon Energy Corporation (DVN) is an independent upstream energy company focused on the exploration and production of oil, natural gas, and natural gas liquids across major U.S. shale basins, including the Permian, Anadarko, and Eagle Ford. With a market cap of $31.7 billion, Devon focuses on finding, developing and producing oil, natural gas, and natural gas liquids (NGLs) primarily onshore in the United States across multiple prolific basins such as the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin and Williston Basin.
The energy giant has outperformed the broader market over the past year, soaring 63.2% over the past 52 weeks compared to the S&P 500 Index’s ($SPX) 28.3% surge. In 2026, DVN climbed 39.5%, surpassing the index’s 4.2%.
