Devon Energy

Halal Rating :
Comfortable
Last Price $32.5
Market Cap $20.89b
1D Change

5.44 %

1 Year Change

-30.43 %

Next Earnings Date

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

Pass

Based 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

Pass

Based 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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