Overview

Devon Energy Corporation is a leading independent oil and natural gas exploration and production company. Devon's operations are focused onshore in the United States.

The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. Currently, the company produces approximately 140,000 barrels of oil per day and has a deep inventory of development opportunities to deliver future growth. Devon also produces about 575 million cubic feet of natural gas a day and about 80,000 barrels of natural gas liquids per day.

Devon is focused on the following strategic priorities intended to optimize returns and deliver top-tier, capital-efficient cash-flow growth:

• Maximize cash flow by optimizing base production and reducing per-unit cash costs
• Improve capital efficiency with a concentration of investment on the highest-returning development projects
• Simplify our portfolio by monetizing non-core assets
• Improve financial strength by reducing debt
• Return cash to shareholders

Headquartered in Oklahoma City, Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange under the ticker symbol DVN.