Devon Energy is an independent energy company focused on exploring, developing, and producing oil and natural gas in the United States. It operates mainly in basins such as the Delaware Basin, Powder River Basin, and Anadarko Basin, where it acquires and develops assets, drills and operates wells, and sells crude oil, natural gas, and natural gas liquids. It differentiates itself through disciplined asset portfolio management, operational efficiency, and a commitment to sustainability, including reducing carbon intensity and freshwater use and engaging with its value chain and communities. Its goal is to grow value by expanding its asset base, improving production economics, and lowering its environmental footprint while supporting local communities.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Oklahoma City, Oklahoma
Founded
1971
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Chevron stock and 2 top energy stocks. October 2, 2026 Oil and gas prices sit in the spotlight again as bond markets sell off and government borrowing costs climb to multi decade highs, partly linked to energy cost concerns. That pulls investor attention back to the global producers that supply the world's fuel. This article looks at three large listed oil and gas stocks from the screener and breaks down what makes each one worth a closer look today. The three stocks below are just a starting sample. The full screen surfaced 32 more oil and gas companies with equally compelling narratives that are not covered in this article. To go wider than this short list, analyze and identify your own highest conviction ideas directly inside the Oil and Gas screener. Overview: Chevron is an integrated energy company that explores for, produces, transports, and refines crude oil and natural gas worldwide, with additional chemicals and fuels operations. Operations: Chevron generates revenue mainly from its Upstream segments in the United States and internationally at about US$52.6b and US$55.1b, alongside large Downstream operations in the United States and internationally at roughly US$82.5b and US$78.8b. Market Cap: US$400.6b For investors focused on Top Oil and Gas Companies worldwide, Chevron offers a large scale integrated way to tap global oil and natural gas production, with upstream projects feeding into refining and chemicals that can help smooth the cycle. "Record production growth, especially in the Permian and from the Hess acquisition in areas such as Guyana and the Bakken, now sits on top of capital and drilling programs that aim to keep Permian volumes around 1 million barrels per day with lower CapEx per barrel, which supports future revenue and free cash flow." What happens to Chevron's margin story if a single key assumption about future cost progress and project delivery timing changes? If that question is on your mind, read the full narrative for Chevron to learn how Chevron's cost curve, project timing, and cash priorities could be accelerating or masking the margin story. Overview: Devon Energy focuses on exploring and producing crude oil, natural gas, and natural gas liquids from major U.S. shale basins. Operations: Devon Energy generates about US$18.8b of revenue from oil and gas exploration and production, entirely from operations within the United States. Market Cap: US$52.9b Devon Energy matters in this Oil and Gas screen because it gives you pure play exposure to large scale U.S. shale production, supported by a growing toolkit of technology and infrastructure initiatives that are aimed at squeezing more value from each barrel and molecule. "Devon Energy's expanding application of AI tools from drilling and completions into autonomous artificial lift on more than 1,000 wells, along with broader deployment across legacy Coterra wells, is expected to keep lowering unit operating costs and sustaining capital efficiency improvements that support operating margins and free cash flow." The real test comes if one quietly building pressure point shifts the balance between those efficiency gains and the cash returns investors expect. When that pressure point starts to bite, the full narrative for Devon Energy shows whether Devon Energy's capital returns story is accelerating, stalling or quietly being reshaped. Overview: EQT is a large Appalachian Basin producer that develops, gathers, and sells natural gas, NGLs, and some oil to U.S. customers. Operations: EQT generates about US$8.8b from upstream production, US$1.3b from gathering, and US$594 million from transmission, almost entirely in the United States. Market Cap: US$30.4b EQT provides direct exposure to Appalachian natural gas in the Oil and Gas screener, supported by a vertically linked production and midstream setup that is increasingly tied into power demand, data centers, and potential future LNG flows. "Although EQT is lining up long dated gas supply for new power and data center projects in Appalachia, the recent dip in regional spot prices to the company's own shut in trigger near $1.50 per MMBtu suggests pipeline constraints could still force curtailments that cap the realized benefit of new demand, limiting revenue and compressing net margins if local prices stay weak." What ultimately matters for EQT is how one pressure point in its route to market affects the balance between low costs and durable cash generation. That route to market risk is only half the story, and the full narrative for EQT shows how EQT's contract mix, costs and demand links could be quietly decoupling. Seeking fresh alternatives beyond oil? Fresh opportunities move fast. Some ideas are building quiet momentum, others are dropping into attractive territory under the radar for now. Do not wait for the crowd. Consider acting while conditions still suit your strategy. This article by Simply Wall St is general in nature. Summa Money provide commentary based on historical data and analyst forecasts only using an unbiased methodology and its articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Summa Money aim to bring you long-term focused analysis driven by fundamental data. Note that its analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with Summa Money directly. Alternatively, email [email protected]
DVN stock clocks 3 straight days in green: retail eyes further upside. Published: Sep 11 2026, 10:00 AM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us Devon Energy, which recently completed its merger with Corterra Energy, has posted climbs for three consecutive sessions and is on track to clock two weeks in the green. * Shares have been bolstered by rising oil prices, even as Brent crude surged above $109 a barrel, with many analysts expecting further gains in the coming weeks. * Meanwhile, retail investors on Stocktwits are cheering the stock's rise and hoping for further gains amid oil's climb. * On Wednesday, Stifel resumed coverage of Devon Energy with a 'Buy' rating and $61 price target, which implies an upside of nearly 22% from its last close. Shares of Devon Energy Corp. (DVN) closed more than 2% higher on Thursday and continued to climb overnight as soaring oil prices bolstered the stock. The stock has climbed for three consecutive sessions and is on track to mark two weeks in the green. Oil prices have been climbing in recent days as tensions in the Middle East escalate. On Thursday, Brent crude prices surged to over $109 a barrel, with many analysts expecting further gains in the coming weeks. DVN stock: retail eyes more upside. Meanwhile, retail investors are cheering the stock's rise and hoping for further gains amid oil's climb. Sentiment around DVN stock climbed from 'neutral' to 'bullish' over 24 hours as message volumes climbed 120% in the same time, as per platform data. One bullish user said, "$DVN I believe this will hit $65+ within 3-4 months." Another user said, "$DVN $50's coming... $60 by 12/26." DVN shares already breached the $50 threshold at the time of writing. A third user said, "$DVN unfortunately oil is not going down, and neither is $DVN But i guess right now all energy stocks are up!" The Energy Select Sector SPDR Fund (XLE) closed down 0.58% on Thursday but was trading about 0.5% higher at the time of writing. What does wall street think about Devon? On Wednesday, Stifel resumed coverage of Devon Energy with a 'Buy' rating and $61 price target, which implies an upside of nearly 22% from its last close. As per The Fly, the analyst noted that Devon shares have traded at a "persistent discount to peers," but added that it believes that "with stabilizing and improving capital efficiency and asset optimization paths available post the CTRA/DVN merger," there is an "increased opportunity for re-rating and relative outperformance." DVN stock was trading at a forward price multiple of 9.7x, as per Koyfin data. In comparison, peers like Diamondback Energy Inc. (FANG) and Expand Energy Corp. (EXE) were trading at forward price-to-earnings ratios of 11x and 12.5x, respectively. Koyfin data also showed a 12-month average price target of $59.86 for DVN, implying nearly 20% upside. The company completed its $58 billion all-stock merger with Coterra Energy on May 7, creating a premier large-cap shale operator. The combined company is headquartered in Houston, Texas, with a significant operational presence retained in Oklahoma City. DVN stock is up more than 32% so far in 2026. For updates and corrections, email newsroom[at]stocktwits[dot]com.< Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New
Devon Energy Corp. (DVN). Devon Energy Corp. (DVN), which trades on the New York Stock Exchange, is a U.S. oil and gas producer with operations spanning several major resource basins. Its portfolio includes the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin, with production focused on oil, natural gas and natural gas liquids. Devon Energy currently holds an SIA SMAX score of 6 out of 10. The shares appear to be demonstrating improving technical strength, supported by a Double Top Point and Figure signal and strong upward movement within the SIA S&P 500 Index Report. Near-term support is found at the 3-box reversal level of $45.14. Should that level fail to hold, additional support may be found at $40.08, followed by $37.77. Initial resistance is situated at $51.85, with further resistance at $58.40. Beyond these levels, the previous 2023 high of $67.08 represents a longer-term technical hurdle. The Energy sector is positioned in the Favoured Green Zone of the SIA Sector Report and currently ranks second among 31 sectors. This strong sector-level positioning provides a constructive technical backdrop for Devon Energy. Within the SIA S&P 500 Index Report, Devon Energy is ranked 100th out of 504 securities and is positioned in the Favoured Green Zone. The shares have advanced 244 positions during the past month and 141 positions over the past quarter, indicating a substantial improvement in relative strength. Devon Energy has returned 13.96% over the past month, 11.94% over the past quarter and 46.48% over the past year. By comparison, the S&P 500 Index returned −1.56%, 3.38% and 17.26% over the same respective periods. Devon Energy therefore outperformed its benchmark by 15.52 percentage points monthly, 8.56 percentage points quarterly and 29.22 percentage points annually. The combination of a 6 out of 10 SIA SMAX score, a Favoured Green Zone position, strong sector leadership and the recent improvement in report ranking provides a technical framework through which investment professionals can assess the shares alongside their own investment objectives, risk parameters and portfolio-management processes. Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice. 24 September 2026 23 September 2026 22 September 2026 21 September 2026 18 September 2026
Investors purchase high volume of Devon Energy call options (NYSE:DVN). Devon Energy Corporation (NYSE:DVN - Get Free Report) saw some unusual options trading on Friday. Investors bought 47,557 call options on the company. This is an increase of 21% compared to the typical volume of 39,175 call options. Wall street analyst weigh in. Several research firms have weighed in on DVN. Jefferies Financial Group increased their target price on shares of Devon Energy from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Wolfe Research set a $67.00 target price on Devon Energy and gave the company an "outperform" rating in a research note on Monday, June 22nd. Wells Fargo & Company lowered their price target on Devon Energy from $68.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, August 13th. Raymond James Financial dropped their price target on Devon Energy from $66.00 to $64.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 16th. Finally, Argus reiterated a "buy" rating and set a $45.85 price objective on shares of Devon Energy in a report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.23. Devon Energy stock down 1.2%. NYSE DVN traded down $0.59 on Friday, reaching $48.20. The company had a trading volume of 4,124,401 shares, compared to its average volume of 13,275,627. The firm has a market capitalization of $53.02 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. Devon Energy has a 1-year low of $31.47 and a 1-year high of $52.71. The company's fifty day moving average is $44.67 and its 200-day moving average is $45.77. Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The firm had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter last year, the business posted $0.84 EPS. The company's revenue for the quarter was up 73.1% on a year-over-year basis. On average, research analysts forecast that Devon Energy will post 5.2 earnings per share for the current fiscal year. Financial results analysis Devon Energy announces dividend. The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. Devon Energy's dividend payout ratio (DPR) is presently 30.40%. Discover more NASDAQ stock quotes Company earnings calendar Stock market data Insider activity at Devon Energy. In related news, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. This trade represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.58% of the stock is currently owned by company insiders. Institutional investors weigh in on Devon Energy. Several institutional investors have recently bought and sold shares of the company. LSV Asset Management boosted its holdings in Devon Energy by 79.6% in the fourth quarter. LSV Asset Management now owns 799,587 shares of the energy company's stock valued at $29,289,000 after acquiring an additional 354,500 shares during the last quarter. Kimmeridge Energy Management Company LLC raised its holdings in Devon Energy by 56.5% during the 4th quarter. Kimmeridge Energy Management Company LLC now owns 8,850,790 shares of the energy company's stock worth $324,204,000 after purchasing an additional 3,195,862 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in shares of Devon Energy in the 4th quarter worth approximately $2,089,000. Illinois Municipal Retirement Fund boosted its stake in shares of Devon Energy by 15.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 194,773 shares of the energy company's stock valued at $9,801,000 after purchasing an additional 26,209 shares during the last quarter. Finally, NewEdge Wealth LLC increased its position in shares of Devon Energy by 20.0% during the first quarter. NewEdge Wealth LLC now owns 479,681 shares of the energy company's stock worth $24,138,000 after buying an additional 80,000 shares during the period. Institutional investors own 69.72% of the company's stock. Stock analyst recommendations Discover more Read Political News Political news subscription Devon Energy company profile. Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques. Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow. Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.
Us: integrating the Delaware Basin: Devon Energy reaches Final Investment Decision on Solitude Pipeline System. By Energypedia News - August 24, 2026 - 4 min Investment extends Devon's integrated Delaware Basin model - capturing value from the wellhead to the demand center Devon Energy Corporation has announced a positive Final Investment Decision ('FID') on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, TX. Solitude is the latest in a deliberate series of steps Devon has taken to integrate and consolidate the infrastructure supporting its Delaware Basin position. Its integrated business model is built to convert basin-level constraints into durable margin and to capture value across the entire value chain, from the wellhead to the demand center. The Solitude Pipeline System is designed for a phased build-out of approximately 2.25 Bcf per day entering service in the second half of 2029, followed by a similarly sized second phase in 2030 and the ability to expand further to meet shipper demand. Construction and in-service timing remain subject to customary regulatory approvals. Devon has secured firm transportation capacity and will hold a 25% equity interest in the joint venture, alongside WhiteWater (50%), MPLX (10%), Diamondback Energy (7.5%) and Western Midstream Partners (7.5%). UNLOCKING VALUE IN PERMIAN NATURAL GAS Permian producers have long absorbed volatile and periodically negative pricing at the Waha hub, where takeaway capacity has repeatedly failed to keep pace with associated gas growth. Firm, long-haul capacity to the Gulf Coast changes that equation: it moves the majority of Devon's Delaware gas out of Waha and into markets that will be tied to expanding LNG export and power generation, where North American liquefaction capacity is expected to more than double by the end of the decade. Devon has already initiated the process of securing international LNG-linked pricing, including a 100 MMcf per day agreement beginning in 2027 and an additional 150 MMcf per day in 2028. Solitude gives Devon the scale and duration to access this growing LNG demand, presenting an opportunity to enhance the value of its natural gas portfolio. 'Solitude is not a standalone investment; it is the next step in an integrated model we have been building for years,' said Clay Gaspar, president and CEO. 'Megaproject has taken the hardest constraints in the Delaware Basin: water, processing, compression, takeaway and power, and have de-risked the physical constraints turning each one into a source of value rather than a tax on its returns. The company's integrated model continues to lower its cost of supply - driving free cash flow higher and deepening its peer-leading Delaware inventory. Its advantaged position will continue to enhance the company's Delaware return profile and will enable Devon to achieve differentiated resource capture.' AN INTEGRATED DELAWARE BASIN: VALUE CREATION FROM WELLHEAD TO MARKET Devon holds one of the largest operated positions in the economic core of the Delaware Basin, the asset that anchors more than half of the company's production and free cash flow. Over the past several years, Devon has systematically taken ownership or long-term contractual control of the infrastructure that position depends on for optimal and profitable development: 'Owning and controlling this infrastructure allows for improved commercial terms that lower operating costs, earlier visibility into opportunities, and direct exposure to the demand centers that will set the price of our products for the next decade,' Gaspar continued. 'Our track record, from WaterBridge to Cotton Draw to Matterhorn Express, reflects the discipline we bring to these decisions. We intend to keep applying that discipline, and this integrated model, to create long-term value for our shareholders for years to come.' Kirkland & Ellis LLP served as legal counsel to Devon Energy Corporation in connection with the transaction. Original announcement link Recent Comments