Devon Energy Management

Management criteria checks 3/4

Devon Energy's CEO is Rick Muncrief, appointed in Jan 2021, has a tenure of 3.33 years. total yearly compensation is $14.88M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth €92.13M. The average tenure of the management team and the board of directors is 3.3 years and 4.1 years respectively.

Key information

Rick Muncrief

Chief executive officer

US$14.9m

Total compensation

CEO salary percentage	8.3%
CEO tenure	3.3yrs
CEO ownership	0.3%
Management average tenure	3.3yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rick Muncrief's remuneration changed compared to Devon Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$15m	US$1m	US$4b
Sep 30 2023	n/a	n/a	US$4b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$6b
Dec 31 2022	US$15m	US$1m	US$6b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$5b
Mar 31 2022	n/a	n/a	US$4b
Dec 31 2021	US$12m	US$1m	US$3b

Compensation vs Market: Rick's total compensation ($USD14.88M) is above average for companies of similar size in the German market ($USD5.55M).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.

CEO

Rick Muncrief (64 yo)

3.3yrs

Tenure

US$14,883,151

Compensation

Mr. Richard E. Muncrief, also known as Rick, serves as Independent Director at The Williams Companies, Inc. since March 01, 2022. He serves as President, Chief Executive Officer & Director at Devon Energy...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Muncrief	President	3.3yrs	US$14.88m	0.30% $ 92.1m
Jeffrey Ritenour	Executive VP & CFO	7.1yrs	US$5.72m	0.066% $ 20.2m
Clay Gaspar	Executive VP & COO	3.3yrs	US$6.34m	0.11% $ 33.4m
Dennis Cameron	Executive VP & General Counsel	3.3yrs	US$4.21m	0.040% $ 12.3m
David Harris	Executive VP & Chief Corporate Development Officer	3.3yrs	US$5.74m	0.053% $ 16.0m
J. Nichols	Co-Founder & Chairman Emeritus	no data	US$155.18k	no data
John Sherrer	VP of Accounting	less than a year	no data	0.0013% $ 406.7k
Trey Lowe	VP & CTO	5.3yrs	no data	no data
Tana Cashion	Executive Vice President of Human Resources & Administration	8.3yrs	US$3.87m	0.020% $ 6.0m
Scott Coody	Vice President of Investor Relations	7.6yrs	no data	no data
Greg Horne	Vice President of Marketing & Midstream	1.9yrs	no data	no data
Christopher Kirt	VP of Corporate Governance	6.3yrs	no data	no data

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: DY6's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Muncrief	President	3.3yrs	US$14.88m	0.30% $ 92.1m
J. Nichols	Co-Founder & Chairman Emeritus	7.9yrs	US$155.18k	no data
John Bethancourt	Independent Director	10.3yrs	US$355.03k	0.015% $ 4.6m
John Krenicki	Independent Director	5.9yrs	US$342.03k	0.0077% $ 2.3m
Robert Mosbacher	Independent Director	15.1yrs	US$357.86k	0.012% $ 3.8m
Michael Mears	Independent Director	1.3yrs	US$434.18k	0.00098% $ 297.4k
Kelt Kindick	Lead Independent Director	3.3yrs	US$358.06k	0.010% $ 3.1m
Barbara Baumann	Independent Chair of the Board	10.3yrs	US$550.04k	0.012% $ 3.7m
Karl Kurz	Independent Director	3.3yrs	US$340.03k	0.0088% $ 2.7m
Ann Fox	Independent Director	4.9yrs	US$340.03k	0.0050% $ 1.5m
Valerie Williams	Independent Director	3.3yrs	US$355.03k	0.0014% $ 412.7k
Gennifer Kelly	Independent Director	1.3yrs	US$433.43k	0.00098% $ 297.4k

4.1yrs

Average Tenure

65yo

Average Age

Experienced Board: DY6's board of directors are considered experienced (4.1 years average tenure).

Devon Energy Management

Management criteria checks 3/4

Key information

Recent management updates

Devon Energy Corporation, Annual General Meeting, Jun 05, 2024

Devon Energy Corporation Announces Executive Changes

Executive VP & COO recently bought €933k worth of stock

President recently bought €249k worth of stock

Independent Director recently bought €234k worth of stock

High number of new directors

Recent updates

Devon Energy Corporation, Annual General Meeting, Jun 05, 2024

Devon Energy Corporation to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.44 per share

Fourth quarter dividend of US$0.44 announced

Devon Energy Corporation Declares Fixed Plus Variable Dividend, Payable on March 28, 2024

Devon Energy Corporation Declares Fixed Plus Variable Dividend, Payable on March 28, 2024

Full year 2023 earnings released: EPS: US$5.86 (vs US$9.15 in FY 2022)

Devon Energy Corporation Announces Executive Changes

Devon Energy Corporation to Report Q4, 2023 Results on Feb 27, 2024

Upcoming dividend of US$0.77 per share at 6.6% yield

Devon Energy Corporation Declares Dividend for the Second Quarter of 2023, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$1.43 (vs US$2.89 in 3Q 2022)

Devon Energy Corporation to Report Q3, 2023 Results on Nov 07, 2023

Now 20% undervalued

Upcoming dividend of US$0.49 per share at 6.5% yield

Second quarter 2023 earnings released: EPS: US$1.08 (vs US$2.94 in 2Q 2022)

Devon Energy Corporation to Report Q2, 2023 Results on Aug 01, 2023

Devon Energy Corporation(NYSE:DVN) dropped from Russell 1000 Growth Index

Upcoming dividend of US$0.72 per share at 9.3% yield

Devon Energy Corporation Provides Production Guidance for the Second Quarter and Full Year 2023

First quarter 2023 earnings released: EPS: US$1.53 (vs US$1.48 in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Executive VP & COO recently bought €933k worth of stock

Upcoming dividend of US$0.89 per share at 9.2% yield

President recently bought €249k worth of stock

Independent Director recently bought €234k worth of stock

Investor sentiment deteriorates as stock falls 15%

Devon Energy Corporation Provides Production Guidance for the First Quarter and Full Year of 2023

Full year 2022 earnings released: EPS: US$9.15 (vs US$4.20 in FY 2021)

Devon Energy Corporation Declares Fixed-Plus-Variable Dividend, payable on March 31, 2023

High number of new directors

Devon Energy Corporation to Report Q4, 2022 Results on Feb 14, 2023

Devon Energy Corporation Provides Production Guidance for the Fourth Quarter of 2022

Devon Energy Corporation Announces Board and Board Committee Changes

Upcoming dividend of US$1.35 per share

Third quarter 2022 earnings released: EPS: US$2.89 (vs US$1.24 in 3Q 2021)

Devon Energy Corporation Provides Production Guidance for the Fourth Quarter of 2022

Investor sentiment improved over the past week

Devon Energy Corporation (NYSE:DVN) completed the acquisition of Validus Energy Services LLC.

Devon Energy Corporation to Report Q3, 2022 Results on Nov 01, 2022

Devon Energy Corporation Announces Board Changes

Upcoming dividend of US$1.55 per share

Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Validus Energy Services LLC for $1.8 billion.

Second quarter 2022 earnings released: EPS: US$2.94 (vs US$0.38 in 2Q 2021)

Devon Energy Corporation Raises Production Forecast for the Full-Year 2022

High number of new directors

Devon Energy Corporation (NYSE:DVN) completed the acquisition of Leasehold Interest and Related Assets in the Williston Basin of RimRock Oil & Gas.

Devon Energy Corporation to Report Q2, 2022 Results on Aug 01, 2022

Investor sentiment deteriorated over the past week

Director recently sold €145k worth of stock

Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Leasehold Interest and Related Assets in the Williston Basin of RimRock Oil & Gas for approximately $870 million.

Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Leasehold Interest and Related Assets in the Williston Basin of RimRock Oil & Gas for approximately $870 million.

Upcoming dividend of US$1.27 per share

Executive VP & General Counsel recently sold €653k worth of stock

First quarter 2022 earnings released: EPS: US$1.49 (vs US$0.33 in 1Q 2021)

Devon Energy Corporation Declares Dividend for the First Quarter of 2022, Payable on June 30, 2021

High number of new directors

Devon Energy Corporation, Annual General Meeting, Jun 08, 2022

Investor sentiment improved over the past week

Now 23% undervalued

Devon Energy Appoints Tana K. Cashion as Executive Vice President Human Resources and Administration

Upcoming dividend of US$1.00 per share

Insider recently sold €917k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Devon Energy Corporation Provides Production Guidance for the First Quarter and Year 2022

Now 20% undervalued

Investor sentiment improved over the past week

Now 22% undervalued

Executive VP & General Counsel recently sold €256k worth of stock