Showing posts with label Devon Energy Corp.. Show all posts
Showing posts with label Devon Energy Corp.. Show all posts

Saturday, July 7, 2007

Devon Energy Corp.

Devon Energy Corp. is among the world’s largest Oil and Gas Exploration and Production sector businesses in the world.  Devon Energy Corp.’s employees generate $2.797B in profits on $10.551B of revenue.  Global output in the Oil and Gas Exploration and Production business will likely rise substantially over the next 10 years.  Long-term economic growth may lift all boats, but Devon Energy Corp. is determined to remain a market leader.  Sectoral leadership in the Oil and Gas Exploration and Production segment takes dedication and consistency, but management seeks out-sized growth.

Devon Energy Corp.’s ticker symbol DVN has recently been trading near $78.81 a share.  The Devon Energy Corp. corporate headquarters in Oklahoma City, OK predicts Oil and Gas Exploration and Production profits will satisfy shareholders in search of risk-appropriate returns.

The significance of market volume is sometimes ignored, but with a total market capitalization of $35.056B ensures sufficient liquidity.  With a beta of 1.06, the company is more volatile than the market as a whole.  When the average equity moves higher, Devon Energy Corp. moves more aggressively.