Devon Energy Corp., founded in 1971 and headquartered in Oklahoma City, Oklahoma, is a leading independent energy company focused on exploring and producing oil and natural gas. The company operates primarily in the United States, with significant assets in the Delaware Basin and other high-quality resource plays, offering a robust portfolio of energy solutions that cater to both domestic and international markets.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Devon Energy began issuing bonds in the early 1990s, with significant issuances that have funded capital expenditures and strategic acquisitions. One notable bond offering was completed in 2018, amounting to $1 billion, used to finance acquisition opportunities in the Permian Basin; currently, Devon’s bonds yield around 4.5%, relatively competitive within the energy sector. Recently, the company has introduced green bonds to diversify its financing options, reflecting a commitment to sustainable practices and attracting environmentally-conscious investors.