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.
-1 vs industry average
Devon Energy’s score of 19 is lower than 41% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Devon Energy?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Devon Energy's reported carbon emissions
Devon Energy's latest reported greenhouse gas (GHG) emissions data from 2024 indicates a total of approximately 115.4 billion kg CO2e. This includes Scope 1 emissions of about 6.02 billion kg CO2e, Scope 2 emissions of approximately 390 million kg CO2e (location-based), and Scope 3 emissions totalling around 109 billion kg CO2e. The majority of its Scope 3 emissions are attributed to the use of sold products.
In 2023, Devon Energy reported Scope 1 emissions of approximately 4.37 billion kg CO2e and Scope 3 emissions of about 97 billion kg CO2e. Prior to this, in 2022, Scope 1 emissions were around 4.59 billion kg CO2e and Scope 3 emissions were approximately 90 billion kg CO2e.
For 2020, the company reported Scope 1 emissions of about 4.98 billion kg CO2e, with stationary combustion contributing 1.95 billion kg CO2e and fugitive emissions accounting for 2.99 billion kg CO2e. Scope 2 emissions in 2020 were approximately 320 million kg CO2e (location-based), and Scope 3 emissions, primarily from the use of sold products, stood at 49 billion kg CO2e.
In 2019, Devon Energy's Scope 1 emissions were approximately 4.65 billion kg CO2e, including fugitive emissions of 2.61 billion kg CO2e and stationary combustion of 1.84 billion kg CO2e. Scope 2 emissions (location-based) were around 270 million kg CO2e, with Scope 3 emissions at 48 billion kg CO2e.
The company's climate commitments are not detailed in the provided reduction initiatives data, which shows no specific reduction targets or participation in initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge. However, their emissions reporting covers Scope 1, 2, and 3, with some Scope 3 categories, such as purchased goods and services, noted as missing data points in recent reporting years.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Devon Energy’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Devon Energy yet.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Emissions comparison with industry peers
View similar organisationsUsage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project