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Devon Energy

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Devon Energy Corporation
Public
Traded as NYSE: DVN
S&P 500 Component
Industry Oil and Gas
Founded 1971
Key people
J. Larry Nichols
(Executive Chairman)
Dave Hager (CEO)
Products Oil
Natural Gas
Revenue
  • Increase US$ 10,397.0 million (2013) [1]
  • Decrease US$ 9,501.0 million (2012) [1]
Number of employees
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Website www.devonenergy.com
Devon Energy Corporation is among the largest U.S.-based independent natural gas and oil producers. Based in Oklahoma City, Oklahoma, the company's operations are focused on North American onshore exploration and production. Devon is one of North America’s larger processors of natural gas liquids and owns natural gas pipelines and treatment facilities in many of the company’s producing areas.

The company is ranked among Fortune's 500 largest corporations in America, and is also included on the publication's 100 Best Companies to Work For and Most Admired Companies lists. Devon is also included in the S&P 500 Index and trades on the New York Stock Exchange under the ticker symbol DVN.

Headquarters

Devon Energy is headquartered in Oklahoma City, at the 50-story Devon Energy Center, which was completed in 2012.

History

Devon was founded in 1971 by John Nichols and his son, Larry. It became a public company in 1988, and expanded greatly through mergers and acquisitions.

In 2008, Devon announced plans to build a new tall, corporate tower in downtown Oklahoma City. In 2012, The company closed its Houston office, which was located in the Allen Center in Downtown Houston.[4]

Upon becoming a public company in 1988, Devon was listed on the American Stock Exchange under the ticker symbol DVN. Devon was added to S&P 500 Index in 2000 and to the Fortune 500 in 2002. In 2004, Devon transferred its common stock listing to the New York Stock Exchange (NYSE: [ DVN]).

Mergers and acquisitions

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