U.S. onshore oil and gas producer
Devon Energy Corporation
Devon Energy produces oil, natural gas and natural gas liquids from onshore U.S. basins and sells them to energy traders and power-generation customers. It pays for drilling, completion and production infrastructure services and expands its production base through asset acquisitions.
DVN Updated Sep 11, 2026 3 AI consumers· 2 recurring
Per the valuechain.wiki graph, Devon Energy Corporation is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 4 companies within two hops; the links are backed by 8 dated sources, 1 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 total revenue of $16.786 billion
- Segments · Oil, gas and NGL sales · Marketing and midstream
Revenue from
- Centrica Energy Medium confidence· volume 50,000 MMBtu/day · 10 years beginning in 2028 · Daily natural gas supply volume under the Centrica Energy long-term agreement
Devon agreed to supply Centrica Energy with 50,000 MMBtu of natural gas per day for ten years beginning in 2028. The sales price is indexed to the European TTF gas hub.Confirms EN Centrica plc Published Aug 15, 2025: Centrica Enters into Long Term Natural Gas Sale & Purchase Agreement - CPV Basin Ranch Energy Center Medium confidence· volume 115 MMcf/day · 7 years beginning in 2028 · Daily natural gas volume under the CPV Basin Ranch Energy Center supply agreement
Devon agreed to supply CPV's Basin Ranch Energy Center in Texas with 115 MMcf of natural gas per day for seven years beginning in 2028. Pricing is indexed to ERCOT West power prices.Confirms EN Devon Energy Published Aug 17, 2026: Integrating the Delaware Basin: Devon Energy Reaches Final Investment Decision on Solitude Pipeline System
Pays to
- Halliburton Medium confidence
Halliburton provided hydraulic fracturing services to Devon and collaborated with Devon's technical team on a Barnett Shale development optimization project. No counterparty-specific contract value was disclosed.Confirms EN The Journal Record Published Aug 7, 2015: Frack and Frack Again: Drillers Eye Way to Make Older Wells ProfitableConfirms EN Journal of Petroleum Technology Published Mar 31, 2014: Data Gathering to Smooth the Bumpy Path to Optimization - Schlumberger Medium confidence
SLB, the current brand of Schlumberger, deployed advanced flowback services on two Devon wells in the Permian Basin and provided data analysis and geomechanical modeling. The contract value was not disclosed.Confirms EN SLB Published Nov 4, 2016: Devon Energy Minimizes Flowback Completion Damage by Following the Recommended Secure Operating Envelope
Investments
- Grayson Mill Energy High confidence· Contract value $5B · transaction closed 2024-09-27 · Total consideration for the acquisition of Grayson Mill's Williston Basin business
Devon acquired Grayson Mill's Williston Basin business for approximately $5.0 billion in September 2024. Final consideration consisted of $3.5 billion in cash and approximately 37.3 million Devon shares.Mentions KO Global Economic Published Jul 10, 2024: Devon Energy to Acquire Grayson Mill Energy's Williston Basin Business for $5 BillionMentions KO Investing.com Published Jul 9, 2024: Devon Energy Price Target and Hold Rating Maintained After Acquisition
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Devon Energy Corporation | node | +195.9 | +50.9 | -21.8 | -25.2 | +15 | +32.8 |
| Schlumberger | benef1 | +39.6 | +81.2 | -0.8 | -24.5 | +3.3 | +52.3 |
| Halliburton | benef1 | +22 | +74.5 | -6.5 | -23.2 | +7 | +33 |
| NVIDIA | benef2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.7 |
| Amazon | benef2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
YTD as of 2026-09-04 · source: Yahoo Finance
Devon Energy Corporation operates across U.S. onshore oil and gas producer. It is +32.8% in 2026. The stock (+32.8%) and its supply side (avg +52.3%) are moving in step. It pays for drilling, completion and production infrastructure services and expands its production base through asset acquisitions.
Analysis generated from returns as of 2026-09-04