Devon Energy was founded in 1971 by John Nichols and his son, Larry Nichols.
In the 1990’s the company acquired several companies, including PennzEnergy for $2.6 billion.
In 2000 Devon merged with Santa Fe Snyder, and in 2003 merged again, with Ocean Energy to create the large U.S.-based oil and gas producer.
Today Devon Energy is focused on oil and gas exploration and production assets in Oklahoma, Texas, Wyoming, and Western Canada. Devon currently produces 4% of the natural gas consumed in North America.
Devon Energy is publicly traded on the New York Stock Exchange under the symbol DVN, is a member of the S&P 500, is #261 in the Fortune 500, has 5,900 employees, and had $12.34 billion in revenue in 2013.
Devon EnergyDevon Energy was founded in 1971 by John Nichols and his son, Larry Nichols.
In the 1990’s the company acquired several companies, including PennzEnergy for $2.6 billion.
In 2000 Devon merged with Santa Fe Snyder, and in 2003 merged again, with Ocean Energy to create the large U.S.-based oil and gas producer.
History
Today Devon Energy is focused on oil and gas exploration and production assets in Oklahoma, Texas, Wyoming, and Western Canada. Devon currently produces 4% of the natural gas consumed in North America.
Devon Energy is publicly traded on the New York Stock Exchange under the symbol DVN, is a member of the S&P 500, is #261 in the Fortune 500, has 5,900 employees, and had $12.34 billion in revenue in 2013.
