Devon Energy Corporation (DVN) is a company specializing in the production of oil and natural gas. This company is headquartered in Oklahoma City, Oklahoma but has various sites all over The United States of America and Canada. Founded in 1971, Devon has went from no assets and five workers to now having a major publicized company that has about five thousand employees and a thirty billion dollar market value. Acquiring and merging with other energy and oil and gas companies, including Northstar Energy, Chief Oil & Gas LLC, Pennzenergy, Santé Fe Snyder, Anderson Exploration Ltd., Mitchell Energy, Ocean Energy, Kerr-McGee, and Hondo Oil & Gas, Devon has increased its quarterly cash dividend by 50 percent and putting itself in the top 15 in its industry. After starting in 1971, Devon listed as a public entity in 1988 on the American Stock Exchange under its ticker symbol DVN, Devon is now in its fifth decade and is competing against companies like Chesapeake Energy Corporation and Encana Corporation.
“Devon is a results-oriented oil and gas company that builds value for shareholders through its employees by creating a culture of health, safety and environmental stewardship in an atmosphere of optimism, teamwork, creativity and resourcefulness and by dealing with everyone in an open and ethical manner.” This is the mission statement that Devon Corporation operates by. They have values that consist of: hiring the best people because that is their most important asset and will maximize the value of their company, always doing the right thing because integrity is their core value that is implemented within and beyond the company, delivering results to continuously increase shareholder value, being a team player because collaboration will create a better organization, and lastly, being a good neighbor by respecting the environment of all surrounding communities that are in areas of Devon operation.
Devon Corporation most recent close