Devon Energy
Devon Energy Corporation, commonly referred to as Devon Energy, is a leading independent oil and natural gas exploration and production company headquartered in the United States. Established in 1971, Devon has grown significantly, with major operational regions spanning the United States, particularly in the Anadarko Basin and the Permian Basin. Specialising in the exploration and production of oil, natural gas, and natural gas liquids, Devon Energy is recognised for its innovative approach to resource development and commitment to sustainability. The company has achieved notable milestones, including advancements in hydraulic fracturing technology, which have positioned it as a key player in the energy sector. With a strong market presence, Devon Energy continues to focus on maximising shareholder value while prioritising environmental stewardship and community engagement.
DitchCarbon Score
How does Devon Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Devon Energy's score of 24 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Devon Energy's reported carbon emissions
In 2023, Devon Energy reported total carbon emissions of approximately 4,370,000,000 kg CO2e from Scope 1, which includes direct emissions from their operations. Additionally, their Scope 2 emissions, related to purchased electricity, were about 370,000,000 kg CO2e. The company also disclosed significant Scope 3 emissions, estimated at around 97,000,000,000 kg CO2e, which encompass emissions from the use of sold products. Over the years, Devon Energy has shown a commitment to addressing climate change, although specific reduction targets or initiatives have not been detailed in the provided data. The company has not set any documented reduction targets or climate pledges, indicating a potential area for future development in their sustainability strategy. In previous years, Devon's emissions have fluctuated, with total global emissions reaching approximately 5,770,000,000 kg CO2e in 2016, which included both Scope 1 and Scope 2 emissions. The company has been actively disclosing its emissions data, which is crucial for transparency and accountability in the energy sector. Overall, while Devon Energy has made strides in reporting its emissions, the absence of specific reduction targets highlights an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,200,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 570,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Devon Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
