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 22 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Devon Energy's reported carbon emissions
In 2023, Devon Energy reported total carbon emissions of approximately 43,700,000 kg CO2e from Scope 1, which includes direct emissions from owned or controlled sources, and approximately 37,000,000 kg CO2e from Scope 2, which covers indirect emissions from the generation of purchased electricity. The company also reported significant Scope 3 emissions, estimated at about 97,000,000 kg CO2e, primarily from the use of sold products. Over the years, Devon has shown a trend of fluctuating emissions, with a notable reduction in Scope 1 emissions from approximately 5,370,000 kg CO2e in 2017 to 4,370,000 kg CO2e in 2023. The company has not set specific reduction targets or committed to net-zero emissions as of the latest data, but it remains committed to addressing its carbon footprint. Devon Energy's climate commitments are still evolving, and while it has not established formal reduction targets, it is actively engaged in initiatives to manage and reduce its emissions. The company operates within the oil and gas sector, which faces increasing scrutiny regarding environmental impact and sustainability practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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 committed to some reduction initiatives 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.
