
Devon Energy
5.44 %
-30.43 %
Yet to be announced
Company Overview
Devon Energy is an independent energy company. It operates approximately 5,134 gross wells. Devon Energy was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Revenue Sources
PassBased on Devon Energy's SEC filings and financial statements, the company generates its revenue primarily from the exploration, production, and sale of oil, natural gas, and natural gas liquids. These activities involve the extraction and sale of natural resources, which are halal business activities. The company does not derive significant revenue from any haram sources such as alcohol, gambling, or other prohibited activities.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
March 31, 2025 | $4.45b | $3.66b | - | - | 0.00% | 0.00% |
Dec. 31, 2024 | $4.4b | $3.41b | - | - | 0.00% | 0.00% |
Sept. 30, 2024 | $4.02b | $2.83b | - | - | 0.00% | 0.00% |
June 30, 2024 | $3.92b | $2.8b | - | - | 0.00% | 0.00% |
Looking at the financial data for the past four quarters, Devon Energy reports zero interest income and zero interest expense. While this seems unusual for a company of this size, the available data suggests that interest is not a material part of their business model. The company's revenue comes primarily from their core operations in oil and gas production.
Operational Ethics
PassBased on Devon Energy's public disclosures and operations reports, the company's activities are concentrated in U.S. basins. There is no evidence of current material business relationships or ongoing projects with Israel or the Chinese Communist Party. The company's operations are primarily domestic within the United States.
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