Oklahoma City, Oklahoma-based Devon Energy Corporation (DVN) is an independent energy company that explores, develops, and produces oil, natural gas, and natural gas liquids. Valued at $20.3 billion by market cap, the company also has marketing and midstream operations primarily in North America that include gas, crude oil, and NGLs.
Shares of this leading independent energy company have underperformed the broader market considerably over the past year. DVN has declined 16.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.4%. In 2025, DVN stock is down 2.2%, compared to the SPX’s 17.2% gains on a YTD basis.
