Headquartered in Oklahoma City, Oklahoma, Devon Energy Corporation (DVN) is an independent energy company. With a market cap of $27.28 billion, Devon Energy engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) throughout the U.S. The company operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin.
Devon Energy has significantly underperformed the broader market over the last year. The stock has declined 14.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.1%. In 2024, DVN stock lost 3.7%, while the SPX is up 9% on a YTD basis.
