Devon Energy
- Shane YoungExecutive Vice President and Chief Financial Officer · Company website
- Kevin SmithExecutive Vice President and Chief Technology Officer · Company website
- Jeff RitenourExecutive Vice President and Chief Corporate Development Off · Company website
- Andrea AlexanderSenior Vice President and Chief Administrative Officer · Company website
- Adam VelaSenior Vice President and General Counsel · Company website
How we got $423K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Devon Energy is described as one of the largest independent producers of oil and natural gas. Its pages focus on operations in basins such as the Delaware Basin, Marcellus, Rockies, Anadarko Basin and Eagle Ford.
From the company's website. Industry: Crude Petroleum Extraction.
Employees over time
▲ 63% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 1,415 | $4.69B |
| 2021 | Form 5500 | 1,642 | $5.45B |
| 2022 | Form 5500 | 1,858 | $6.16B |
| 2023 | Form 5500 | 1,958 | $6.49B |
| 2024 | Form 5500 | 2,305 | $7.64B |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Devon Energy this business | $1.3M | — |
| AIMVO Pest Control Oklahoma City | $935K | 0.1 mi |
| BUSINESS ADVISORY PARTNERS LLC Oklahoma City · 9 employees | $3.7M | 0.1 mi |
| KPMG OKC Oklahoma City | $1.3M | 0.1 mi |
| Oklahoma Tower Oklahoma City | $1.1M | 0.1 mi |
| Best Carpet Cleaning OKC Oklahoma City | $935K | 0.1 mi |
| Oklahoma Tourism and Recreation Department Oklahoma City | $1.3M | 0.1 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $423K |
| Multiple for this size and industry | 2.5× |
| Value range | $105K – $756K |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Crude Petroleum Extraction businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (14%). Treat these as a rough guide.
| Revenue range | $389K – $1.9M |
| EBITDA range | $53K – $252K |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
Advisors
- AccountingGrant Thornton LLPAudits its 401(k) plan (2024 filing)
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Devon Energy
Devon Energy is a crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 1997. It is owned by Clay Gaspar (President and Chief Executive Officer). Its estimated annual revenue is about $1.3M, with roughly $169K of EBITDA. It has about 2,305 employees. Its estimated business value is $423K (likely range $105K–$756K).
Common questions
- Who owns Devon Energy?
- Devon Energy is owned by Clay Gaspar (President and Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Devon Energy make?
- SeeBITDA estimates Devon Energy's annual revenue at about $1.3M (likely between $389K and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Devon Energy worth?
- About $423K, roughly 2.5× its estimated EBITDA of $169K, typical for a crude petroleum extraction company its size. Likely range: $105K–$756K.
- How many employees does Devon Energy have?
- About 2,305, from its 2024 retirement-plan filing.
- When was Devon Energy founded?
- Devon Energy has been in business since 1997.