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Saturday, November 28, 2009, 4:19AM ET - U.S. Markets Closed. Dow Down 1.48% Nasdaq Down 1.73%
Devon Energy Corporation (DVN)On Nov 27: 67.48  Down 1.32 (1.92%)  
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Devon Energy Corporation
20 North Broadway
Oklahoma City, OK 73102-8260
United States - Map
Phone: 405-235-3611
Fax: 405-552-4550
Web Site: http://www.devonenergy.com

DETAILS 
Index Membership:S&P 100
S&P 500
S&P 1500 Super Comp
Sector:Basic Materials
Industry:Independent Oil & Gas
Full Time Employees:5,500

BUSINESS SUMMARY 
Devon Energy Corporation, together with its subsidiaries, primarily engages in oil and gas exploration, development, and production; the transportation of oil, gas, and natural gas liquids; and the processing of natural gas. The company owns oil and gas properties principally in the Mid-Continent area of the central and southern United States; the Permian Basin within Texas and New Mexico; the Rocky Mountains area of the United States; the offshore areas of the Gulf of Mexico; and the onshore areas of the Gulf Coast, principally in south Texas and south Louisiana. It also owns oil and gas properties in the provinces of Alberta, British Columbia, and Saskatchewan, Canada. In addition, the company owns properties located in Azerbaijan, Brazil, and China. Further, Devon Energy's marketing and midstream operations include the marketing of oil, gas, and natural gas liquids, as well as the construction and operation of pipelines, storage and treating facilities, and gas processing plants in North America. As of December 31, 2008, the company had proved developed reserves of approximately 1,934 million barrel of oil equivalent. Devon Energy sells its gas production to various customers, including pipelines, utilities, gas marketing firms, industrial users, and local distribution companies; and crude oil production to refiners and remarketers. The company was founded in 1971 and is based in Oklahoma City, Oklahoma.
Key Statistics

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    CORPORATE GOVERNANCE 
    Devon Energy Corporation's Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 14.1% of S&P 500 companies and 69.9% of Energy companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. J. Larry Nichols , 66
    Co-Founder, Chairman, Chief Exec. Officer and Chairman of Dividend Committee
    $ 4.40M $ 9.72M
    Mr. John Richels , 58
    Pres
    $ 3.15M $ 6.56M
    Mr. Danny J. Heatly , 53
    Principal Financial Officer, Chief Accounting Officer and Sr. VP of Accounting
    $ 683.00K $ 2.74M
    Mr. David A. Hager , 52
    Exec. VP of Exploration & Production
    $ 79.00KN/A
    Mr. Darryl G. Smette , 62
    Exec. VP of Marketing & Midstream
    $ 1.51M $ 13.36M
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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