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 built a strong presence in key operational regions, including the Permian Basin and the Anadarko Basin, focusing on the development of unconventional resources. Specialising in the exploration, production, and marketing of oil, natural gas, and natural gas liquids, Devon Energy is recognised for its innovative approach to resource extraction and commitment to sustainability. The company has achieved significant milestones, including a robust portfolio of assets and a strong market position, making it a notable player in the energy sector. With a focus on operational efficiency and technological advancement, Devon Energy continues to lead in delivering reliable energy solutions.
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 26 is higher than 89% 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 for Scope 1, which includes direct emissions from their operations, and approximately 37,000,000 kg CO2e for Scope 2, which covers indirect emissions from purchased electricity. The company also recorded significant Scope 3 emissions, estimated at about 97,000,000 kg CO2e, primarily from the use of sold products. Over the years, Devon Energy has shown fluctuations in its emissions. For instance, in 2022, the total emissions were approximately 49,800,000 kg CO2e for Scope 1 and 2 combined, with Scope 3 emissions reaching about 90,000,000 kg CO2e. In 2021, the company reported approximately 39,500,000 kg CO2e for Scope 1 and about 34,000,000 kg CO2e for Scope 2. Despite these figures, there are currently no publicly stated reduction targets or initiatives from Devon Energy aimed at decreasing their carbon footprint. The absence of specific reduction commitments suggests that the company may be in the early stages of developing a comprehensive climate strategy. As the energy sector increasingly focuses on sustainability, Devon Energy's future commitments will be crucial in addressing climate change and reducing overall emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
