Devon Energy Sustainability Profile
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 23 is higher than 54% 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 2024, Devon Energy reported significant carbon emissions in the US, with Scope 1 emissions totalling approximately 6,020,000,000 kg CO2e, including 2,140,000,000 kg CO2e from fugitive emissions and 950,000,000 kg CO2e from stationary combustion. Scope 2 emissions were about 390,625,000 kg CO2e, while Scope 3 emissions, primarily from the use of sold products, reached a staggering 109,000,000,000 kg CO2e. The combined total for Scope 1 and 2 emissions was approximately 6,410,000,000 kg CO2e. In 2023, the company reported slightly lower emissions, with Scope 1 at about 4,370,000,000 kg CO2e and Scope 2 at approximately 370,687,000 kg CO2e. Scope 3 emissions for that year were around 97,000,000,000 kg CO2e, indicating a consistent trend in high emissions from product use. Despite these substantial figures, Devon Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s emissions data is sourced directly from Devon Energy Corporation, with no cascading from a parent or related organization. Devon Energy's emissions profile highlights the challenges faced by the fossil fuel industry in addressing climate change, particularly in managing Scope 3 emissions, which often represent the largest share of total emissions. The company continues to operate within a sector that is under increasing scrutiny for its environmental impact, necessitating a more robust approach to sustainability and emissions reduction in the future.
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| 2007 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,680,000,000 | 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 | 490,000,000 | 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 |
How Carbon Intensive is Devon Energy's Industry?
How Carbon Intensive is Devon Energy's Location?
Devon Energy's Scope 3 Categories Breakdown
Devon Energy's Scope 3 emissions, which increased by 8% last year and increased by approximately 102% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Devon Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Devon Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
