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Devon Energy Corporation, commonly referred to as Devon Energy, is a leading player in the gas and diesel oil industry, headquartered in the United States. Founded in 1971, the company has established a strong presence in key operational regions, including the Permian Basin and the Eagle Ford Shale, focusing on the exploration and production of oil and natural gas.
Devon Energy is renowned for its commitment to innovation and sustainability, offering a diverse portfolio of core products and services that include upstream oil and gas exploration, production, and midstream operations. The company’s strategic approach to resource management and its emphasis on technological advancements have positioned it as a market leader, consistently achieving notable milestones in efficiency and environmental stewardship. With a robust market position, Devon Energy continues to drive growth and deliver value in the ever-evolving energy landscape.
-2 vs industry average
Devon Energy’s score of 14 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Devon Energy, a US-based Gas/Diesel Oil company, reported approximately 115.41 billion kg CO2e in total emissions for 2024. This figure includes about 6.02 billion kg CO2e from Scope 1 emissions, 390 million kg CO2e from Scope 2 (location-based), and approximately 109 billion kg CO2e from Scope 3 emissions, specifically from the use of sold products.
In 2023, the company's Scope 1 emissions were approximately 4.37 billion kg CO2e, with Scope 3 emissions at around 97 billion kg CO2e. For 2022, Scope 1 emissions were about 4.59 billion kg CO2e and Scope 3 emissions were approximately 90 billion kg CO2e. Looking further back, 2021 saw Scope 1 emissions at approximately 3.95 billion kg CO2e and Scope 3 emissions at about 60 billion kg CO2e.
In 2020, Devon Energy's Scope 1 emissions were roughly 4.98 billion kg CO2e, comprising approximately 40 million kg CO2e from process emissions, 2.99 billion kg CO2e from fugitive emissions, and 1.95 billion kg CO2e from stationary combustion. Scope 2 emissions (location-based) were around 320 million kg CO2e, and Scope 3 emissions, primarily from the use of sold products, were about 49 billion kg CO2e.
The company has not disclosed specific reduction targets or climate pledges. All reported emissions data are directly from Devon Energy Corporation.
No climate goals have been disclosed for Devon Energy yet.
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