Stock price Devon Energy Corp (DVN) today

Devon Energy Corporation is a large energy corporation, one of the leading independent oil and gas producers in North America, Canada, China and Azerbaijan. It is part of the Fortune 500. Founded in 1971, became public in 1988, the company's shares began to be traded on AMEX.

In 1992, the company bought Hondo Oil and Gas for $ 122 million, the first of many acquisitions. Following the acquisition of Kerr-McGee in 1996, the company's inventory increased by 46%. In 1999 PennzEnergy was bought for $ 2.6 billion, in 2001 - Anderson Exploration Devon Energy, after which Devon Energy became the third largest producer of natural gas in Canada. In 2003, there was a merger with Ocean Energy for $ 5.3 billion. In 2004, Devon Energy transferred its shares to the NYSE, where they are traded under the DVN ticker. At the moment, the total capitalization of the company exceeds $ 14 billion.