About Business
Devon Energy is a US-based petroleum company that was formed in 1971 and is headquartered in Devon Energy Center, Oklahoma City, United States. It specializes in petroleum, natural gas, and natural gas liquids. The company was seated as the 216th company on the Fortune 500 list in 2023. Devon Energy was established by John Nichols and his son, J. Larry Nichols. The company went public in 1988, and by 2012, it had completed the construction of its headquarters in Oklahoma City.? In 2015, Dave Hager was announced as the president and chief executive of Devon Energy Corporation. In 2016, the company laid off around 1,000 employees. In 2023, it reserved about 1,817 million barrels of oil equivalent.
