Devon Energy Corporation
DVNCompany Overview
Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.
Country
US
Market Cap
$29.76B
Last Fiscal Year
2023
Final Shariah Status
Passed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.00%
passed
Liabilities Compliance
21.69%
passed
Final Shariah Status
Passed
This stock meets all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | Devon Energy Corporation |
| Ticker | DVN |
| Main Business | energy company engaged primarily in the exploration, development and production of oil, natural gas and NGLs |
| Type | Securities |
| Industry | Oil & Gas E&P |
| Country | US |
| Market Cap | $29.76 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Oil, gas and NGL sales | $14,082.0 | $0.0 | - |
| Marketing and midstream revenues | $5,745.0 | $0.0 | - |
| Total | $19,827.0 | $0.0 | 0.00% (passed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $483,000,000.0 | 1.62% |
| long term debt and capital lease obligation | $5,970,000,000.0 | 20.06% |
| Total Interest-Bearing Debt | $6,453,000,000.0 | 21.69% |
| Market Capitalization | $29,757,570,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |