- 1971 Devon founded by father-and-son duo John and Larry Nichols.
- 1988 Devon becomes a public company, listing on the American Stock Exchange under the ticker symbol DVN.
- 1992 Acquisition of Hondo Oil and Gas for $122 million sets the stage for a series of major acquisitions in the years to come.
- 1996 Devon acquired Kerr-McGee’s North American onshore oil and gas properties for $250 million, increasing the company’s reserves by 46 percent.
- 1998 Devon acquired Northstar Energy for $750 million.
- 1999 The $2.6 billion acquisition of PennzEnergy establishes Devon as a significant offshore Gulf Of Mexico operator. Employee count reaches 1,500 worldwide.
- 2000 Devon merges with Santa Fe Snyder in a $3.5 billion deal. Larry Nichols is named Chairman of the Board and Devon is added to S&P 500 Index.
- 2001 Acquisition of Anderson Exploration for $4.6 billion, positioning Devon as the third-largest independent gas producer in Canada.
- 2002 Devon acquires Mitchell Energy for $3.5 billion, adding the prolific Barnett Shale of North Texas to its portfolio. Devon is named to the Fortune 500.
- 2003 Devon’s $5.3 billion merger with Ocean Energy creates the largest U.S.-based independent oil and gas producer.
- 2004 Devon transfers its common stock listing to the New York Stock Exchange (NYSE: DVN).
- 2006 Devon acquires Chief Oil and Gas Barnett Shale leasehold for $2.2 billion, expanding Devon’s dominant position in North Texas.
- 2008 Devon announces plans to build a new 925-foot (282 m) tall, 1,900,000-square-foot (177,000 m2) corporate tower in Downtown Oklahoma City.
Watching out for our neighbors, protecting natural resources and working with communities that surround us are among Devon’s core values. Out of our desire to fulfill those commitments, we believe it is our duty to operate in ways that are safe and environmentally responsible.
Our efforts to achieve these objectives are broad in scope. They range from companywide emissions reduction programs to water recycling efforts in the vast Barnett Shale natural gas field in north Texas. Our award-winning safety program is driven by innovation and the underlying philosophy that if we can’t do it safely then we will not do it.
Within the pages of this section, you will find our environmental health and safety program, as well as our Corporate Responsibility Report, our Greenhouse Gas Emissions Inventory Statement, our safety and environmental achievements and feature stories about some of Devon’s environmental initiatives.
We understand that the issues addressed here are important to a broad range of stakeholders, and we are grateful for your interest in not only what we do but how we do it.