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Devon Energy Corporation
Company profile
Devon Energy Corporation is the largest U.S.-based independent oil and gas producer and one of the largest independent processors of natural gas and natural gas liquids in North America.
The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. About 88 percent of Devon's production is from North America. The company also operates in selected international areas, including Brazil, West Africa, the Middle East and China. The company's production mix is about 60 percent natural gas and 40 percent oil and natural gas liquids, such as propane, butane and ethane. Devon produces 2.2 billion cubic feet of natural gas each day, about 3 percent of all the gas consumed in North America.
Headquartered in Oklahoma City, Devon has approximately 4,000 employees worldwide. Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange under the ticker symbol DVN.
The company's primary goal is to build value per share by:
-Exploring for undiscovered oil and gas reserves,
-Purchasing and exploiting producing oil and gas properties,
-Enhancing the value of its production through marketing and midstream activities,
-Optimizing production operations to control costs, and
-Maintaining a strong balance sheet.
Services
Devon Energy Corporation is committed to conducting its business lawfully, ethically and in a socially and environmentally responsible manner. We believe exemplary performance in the areas of environmental, health and safety (EHS) is essential to fulfill our business goals and meet the expectations of our many stakeholders.
Devon’s management is committed to this philosophy. We expect to achieve excellence in environmental, health and safety performance through the active participation and support of all management, employees and contractors. Our commitment is to integrate the following “Guiding Principles” into all decisions affecting our operations:
Compliance – We will comply with all applicable environmental, health and safety laws and regulations and adopt best sound professional judgment where laws and regulations do not exist.
Health and Safety – Occupational health and safety values will not be compromised. No job is so important and no task so urgent that the necessary steps cannot be taken to perform it safely and maintain the health of our employees, contractors and the public.
Environmental Stewardship – We will continually seek to understand our relationship to the environment and adopt technically sound and economically feasible controls that will avoid or mitigate negative impact.
Pollution Prevention – We will employ appropriate technology to minimize discharges, reduce waste, use materials efficiently and encourage recycling.
Job Competency – We will provide our employees with the training and tools that ensure that they have the knowledge and skills needed to implement this philosophy and perform their jobs competently.
Community Involvement – We recognize that our actions can affect our neighbors and we are dedicated to improving the compatibility of our operations within the communities where we do business.
Contingency Planning – We will identify and control environmental, health and safety risks and ensure that appropriate contingency plans are in place to address unforeseen events.
Contractor Operations – We require high quality, environmentally sound and safe work from our contractors. We expect our contractors to supply and retain quality personnel adequately trained to perform their jobs safely.
Performance Review – We will set measurable goals for EHS performance and track progress against these goals. We will review company operations to ensure compliance with these principles.
Management, supervisors, and employees will foster a work environment that holds employees and contractors accountable for fully implementing this EHS Philosophy and encourages all stakeholders to express their views about EHS concerns.
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20 North Broadway; OK 73102-8260; Oklahoma; United States ;
Phone: 405-235-3611; Fax: 405-552-4550; |
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