When was Devon Energy founded?

Devon Energy was founded in 1971.

Where is Devon Energy located?

Devon Energy is headquartered in Oklahoma City, United States. It is registered at Oklahoma City, Oklahoma.

How many employees does Devon Energy have?

As of Sep 30, 2026, the latest employee count at Devon Energy is 5637.

What is the annual revenue of Devon Energy?

Annual revenue of Devon Energy is more than $1B as on Dec 31, 2025

Where does Devon Energy rank among its competitors?

Devon Energy ranks 1st amongst 615 active competitors, of which 76 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was BKV, which secured $2.95M in Oct, 2025.

Who are the top competitors of Devon Energy?

Devon Energy's top competitors include Antero Resources, Hess and Chessapeake. Among them, BKV secured the most recent funding round in October, 2025.

Devon Energy - 2026 Company Profile, Funding, Competitors & Financials

Devon Energy is a public company based in Oklahoma City (United States), founded in 1971. It operates as an Exploration and Production company. Devon Energy has raised $3.78B in funding. The company has 615 active competitors, including 76 funded and 191 that have exited. Its top competitors include companies like Antero Resources, Hess and Chessapeake.

Company Details

Devon Energy Corporation is an independent energy company which engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs). The company's operations are focused onshore in the United states and Canada. The Company also has marketing and midstream operations primarily in North America that include gas, crude oil, and NGLs. In 2022, the company recorded annual revenues of $19.16B and a net profit of $6.01B.

Website: www.devonenergy.com
Registered Address: Oklahoma City, Oklahoma

Key Metrics

Founded Year

1971

Location

Oklahoma City, United States

Stage

Public

Total Funding

$3.78B

Investors

Colt Ventures & 3 more

Ranked

1^st among 615 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

5,637 as on Sep 30, 2026

Investment & Acquisitions

Fervo Energy & 10 more

Similar Companies

Indian Oil & 1661 more

Exit Details

Public

View Devon Energy's full profile

Devon Energy is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ENERGY Productions s.r.o. CIN: 25729071 , Czech Republic, Active	Jan 19, 1999	-	-
DEVON GLOBAL s.r.o. CIN: 05256801 , Czech Republic, Active	Jul 22, 2016	-	-
Deven Val s.r.o. CIN: 05034191 , Czech Republic, Active	Apr 27, 2016	-	-
DEVON ENERGY CORP/DE CIN: 1090012 , United States, Active		$1B+ (As on Dec 31, 2025)	-	-
Devon Energy Corporation CIN: 731567067 , United States, Active	Dec 26, 999	-	2305 (As on Dec 31, 2024)	-
Devon Energy CIN: -1090012 , Belgium, Active		-	1900 (As on Dec 31, 2023)	-

Devon Energy got listed on Jun 10, 1998.

Click here to take a look at Devon Energy's IPO in detail

Devon Energy has raised a total funding of $3.78B. Devon Energy has 4 institutional investors.

View details of Devon Energy's funding rounds and investors

Devon Energy's employee count trend

Devon Energy has 5,637 employees as of Sep 26. Here is Devon Energy's employee count trend over the years:

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Top competitors of Devon Energy include Antero Resources, Hess and Chessapeake. Here is the list of Top 10 competitors of Devon Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Devon Energy 1971, Oklahoma City (United States), Public	Exploration and Production company	$3.78B	Colt Ventures, Windcrest Partners & 2 others	69/100
2nd	Antero Resources 2002, Denver (United States), Public	Independent oil and gas exploration and production company	$71.8M	Trilantic Capital Partners North America, Shah Capital ... & 3 others	69/100
3rd	Hess 1919, New York City (United States), Acquired	Exploration and production of crude oil and natural gas	-	Chase, Omega Advisors & 3 others	69/100
4th	Chessapeake 1989, Oklahoma City (United States), Public	Exploration and production of unconventional oil and gas	$460M	Triangle Peak Partners, sirostechholdings.com ... & 4 others	68/100
5th	Aramco 1993, Dhahran (Saudi Arabia), Public	Provider of exploration and production services for oil and gas sector	-	Janse Capital, Public Investment Fund & 5 others	67/100
6th	BKV 2015, Denver (United States), Public	Producer of net-zero natural gas, pursuing carbon-neutral energy solutions. This company focuses on making natural gas production carbon-neutral, addressing the need for a rapid transition to net-zero energy. They are actively involved in carbon capture projects and are committed to sustainable energy practices. The company's operations emphasize operational excellence, employing advanced technologies and prioritizing carbon-negative initiatives. They also prioritize community engagement and responsible stakeholder relationships.	$250M	Oaktree Capital Management, OSTI	65/100
7th	Matador Resources 2003, Dallas (United States), Public	Provider of oil & gas exploration and production services	$49.1M	-	65/100
8th	Ascent Resources 2014, Oklahoma City (United States), Public	Private equity-backed natural gas exploration and production company	-	Triangle Peak Partners, First Reserve & 2 others	61/100
9th	ConocoPhillips 1875, Houston (United States), Public	Provider of integrated energy services	-	OSTI, FEMA	61/100
10th	Kosmos Energy 2003, Dallas (United States), Public	Provider of exploration and production services to oil and gas sector	$1.05B	Blackstone, Warburg Pincus & 1 others	61/100

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Devon Energy has made 4 investments in companies including Fervo Energy and Fervo Energy. Devon Energy has also acquired 7 companies including Grayson Mill Energy and Eagle Ford Shale.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 04, 2025	Investments	Fervo Energy	2017	San Francisco (United States)
Dec 13, 2024	Investments	Fervo Energy	2017	San Francisco (United States)
Sep 27, 2024	Acquisition	Grayson Mill Energy	2016	Houston (United States)