Devon Energy Corporation

Industry: Oil Gas Operations

Fortune Rank: 261

DVN is an independent energy company engaged in oil and gas exploration, development and production and the acquisition of producing properties. For the 6 months ended 6/30/05, revenues rose 8% to $4.82B. Net income applicable to Common rose 22% to $1.21B. Revenues reflect higher oil and gas production due to the acquisition of Ocean and new drilling and development in the Barnett Shale. Net income also reflects lower S/G/A expenses.

Devon Energy Corporation (Devon) is an independent energy company engaged primarily in oil and gas exploration, development and production, the acquisition of producing properties, the transportation of oil, gas and natural gas liquids (NGLs) and the processing of natural gas. Devon operates oil and gas properties in the United States, Canada and various regions located outside North America. Devon's North American properties are concentrated within five geographic areas. Operations in the United States are focused in the Permian Basin, the Mid-Continent, the Rocky Mountains and onshore and offshore Gulf Coast. Canadian properties are focused in the Western Canadian Sedimentary Basin in Alberta and British Columbia. Properties outside North America are located primarily in Azerbaijan, China, Egypt, and areas in West Africa, including Equatorial Guinea, Gabon and Cote d'Ivoire.

Devon Energy Corporation

Devon Energy Corporation achieved revenue of $8,960.00 million in 2010 but posted a loss of $-2,479.00 million.

Devon Energy Corporation's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 163rd on the Fortune 500. The Previous ranking was based on its 2009 revenue of $15,560 million (a change of -7 million compared to 2010) and profits of $-2,148 million (a change of 0 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Devon Energy Corporation would be ranked 487th rather than 261st due to the fact it made a loss of $-2,479 million in 2010.

Devon Energy Corporation Revenue* Profit* Fortune Ranking

* US$ Million

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