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Raw inputs
Equipment
Foundry
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AI demand
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Company details
Market cap
~$45B
P/E ratio
~10×
Div yield
~3%
Production
~1.38 MMBoe/d
Oil output
~500 MBbl/d
Revenue
~$20B
Free cash flow (Q1'26)
~$0.8B
Profit margin
~18%
In plain English
Devon Energy is one of the largest US independent oil-and-gas producers — a low-cost driller whose franchise asset is the core of the Delaware Basin (Permian), backed by positions in the Eagle Ford, Anadarko, Williston and, after merging with Coterra in May 2026, the gas-rich Marcellus. It turns leased acreage into roughly 1.4 million barrels of oil equivalent a day and hands much of the cash back to shareholders through a fixed-plus-variable dividend and buybacks.
In simple terms
What Devon Energy really sells
Devon Energy is one of the largest US independent oil-and-gas producers — a low-cost driller whose franchise asset is the core of the Delaware Basin (Permian), backed by positions in the Eagle Ford, Anadarko, Williston and, after merging with Coterra in May 2026, the gas-rich Marcellus. It turns leased acreage into roughly 1.4 million barrels of oil equivalent a day and hands much of the cash back to shareholders through a fixed-plus-variable dividend and buybacks.
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