44. Devon Energy Corp.

Company Snapshot
Devon Energy Corporation primarily engages in the exploration, development, production of oil and gas.

It owns oil and gas properties located principally the United States and Canada.

The company's U.S. operations are focused in the Permian Basin, the Mid-Continent, the Rocky Mountains, and onshore and offshore Gulf Coast regions; and Canadian properties are focused in the western Canadian sedimentary basin in Alberta and British Columbia.

Devon Energy also owns properties located in Azerbaijan, China, and Egypt, as well as areas in West Africa, including Equatorial Guinea, Gabon, and Cote d'Ivoire.

In addition, the company markets and transports oil, gas, and natural gas liquids; and constructs and operates pipelines, storage and treating facilities, and gas processing plants.

As of December 31, 2005, its estimated proved reserves were 2,112 million barrel of oil equivalent.

Devon Energy sells its gas production to various customers, including pipelines, utilities, gas marketing firms, industrial users, and local distribution companies.

The company was founded in 1971 and is based in Oklahoma City, Oklahoma.

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View the latest financial information on Business Week's Company Insight Center

J. Larry Nichols, 64
TITLES
Co-founder, Chairman of the Board, Chief Executive Officer and Chairman of Dividend Committee
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