What if you invested $1000 in DVN on Jan 1, 2020?
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Historical Annual Returns
Over the past 20 years, Devon Energy Corporation has delivered an average annual return of 6.5%. The stock peaked in 2021 with a massive +190.0% gain, while investors faced a downturn in 2015 (-46.4%). Overall, the stock finished in the green 11 times out of 20 years.
Avg Return
+6.5%
Win Rate
55%
11W - 9L
Best
+190.0%
2021
Worst
-46.4%
2015
Performance Consistency
About Devon Energy Corporation
Visit Website ↗Devon Energy Corporation is a leading independent energy company engaged in exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company's operations are concentrated in various onshore basins, including the Delaware Basin, Eagle Ford, Anadarko Basin, and Powder River Basin. Devon is committed to responsible energy development, focusing on operational efficiency, financial discipline, and environmental stewardship.
Key Business Segments
Oil and Gas Exploration & Production
Engages in the exploration, development, and production of oil, natural gas, and natural gas liquids from onshore properties in the United States.
Key Innovations
- ✓Pioneered horizontal drilling and hydraulic fracturing techniques in various shale plays, significantly increasing hydrocarbon recovery.
- ✓Focus on optimizing well design and completion methods to maximize production and economic returns.
Historical Milestones
Devon Energy Corporation is founded by J. Larry Nichols and Bill Thomas.
Goes public on the American Stock Exchange.
Acquires Ocean Energy, significantly expanding its oil and gas portfolio.
Merges with WPX Energy, creating a premier U.S. onshore unconventional oil and gas company.