Devon Energy Management
Management criteria checks 4/4
Devon Energy's CEO is Clay Gaspar, appointed in Mar 2025, has a tenure of less than a year. total yearly compensation is $7.01M, comprised of 10% salary and 90% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $27.17M. The average tenure of the management team and the board of directors is 2.6 years and 4.9 years respectively.
Key information
Clay Gaspar
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 10.04% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | 2.6yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
Devon: Deep Value Buy Supported By Capital Efficiency/Higher Gas Prices
Dec 10Investors Aren't Buying Devon Energy Corporation's (NYSE:DVN) Earnings
Jul 18
Devon Energy: Limited Upside From Natural Gas
Apr 22Devon Energy's Recovery Is Well Deserved - Richer Return Prospects Ahead
Mar 30Devon Energy Is One Of The Few Growing Oil Companies
Feb 26Devon Energy Corporation (NYSE:DVN) Shares Could Be 44% Below Their Intrinsic Value Estimate
Feb 24Devon Energy: Oversold And On Sale Or A Value Trap? (Technical Analysis)
Feb 19Devon Energy: Shares Washed Out And Undervalued Heading Into Earnings
Feb 10Devon Energy Corporation's (NYSE:DVN) Low P/E No Reason For Excitement
Feb 08Devon Energy: A Turnaround Story In The Making
Jan 08Devon Energy May Be Entering A Favorable Commodities Market In 2025
Jan 02Devon: Missing Bullish Support - Unloved Status Triggers Rich Upside Potential
Dec 21Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential
Nov 29Devon Energy: Shareholder Yield Near 9%, Relatively Undervalued, But I'm Not Buying
Oct 23Devon Energy: 4% Yield, 7X P/E, $5 Billion Stock Buyback (Rating Upgrade)
Sep 23Devon Energy Is An Impressive Portfolio Cornerstone
Sep 168% Return Yield At Potential $80 - Why I Believe Devon Energy Is A Steal
Aug 12Devon Energy Looks Interesting Heading Into Earnings
Aug 04Devon Energy: Averaging Down The Earnings With The Grayson Mill Acquisition
Jul 11Devon Energy: Plenty Of Reasons To Remain Bullish
Jul 03Devon's Undervaluation Remains A Boon As Management Executes Brilliantly - Reiterate Buy
Jun 17Devon Energy Believes It Offers 'Incredible Value' - I Agree
May 15Devon Energy: The Turnaround Is Just Getting Started
Apr 12Devon Energy: Likely Fairly Valued (Rating Downgrade)
Apr 04Devon Energy: Cash Cow Investors Should Look At This
Mar 25Value Vs. Growth: Why Devon Energy Is The Smarter Investment
Mar 08Devon Energy Changes The Playbook For The Better
Mar 01Devon Energy: Accumulating The Dip
Feb 04Devon Energy Vs. Diamondback Energy: A Battle Of The Permian
Jan 22Devon Energy: A Strong E&P Play With Attractive Capital Returns
Jan 06Devon Energy: Shares Fall To Key Support As Oil Bounces Into Mid-$70s
Dec 25Devon Energy: Learn To Love The Variable Dividend
Dec 18After Years Of Strong Upside, Devon Energy Deserves More
Nov 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | US$3b |
| Jun 30 2025 | n/a | n/a | US$3b |
| Mar 31 2025 | n/a | n/a | US$3b |
| Dec 31 2024 | US$7m | US$703k | US$3b |
| Sep 30 2024 | n/a | n/a | US$3b |
| Jun 30 2024 | n/a | n/a | US$4b |
| Mar 31 2024 | n/a | n/a | US$3b |
| Dec 31 2023 | US$6m | US$674k | 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$6m | US$638k | 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$5m | US$589k | US$3b |
Compensation vs Market: Clay's total compensation ($USD7.01M) is below average for companies of similar size in the US market ($USD13.36M).
Compensation vs Earnings: Clay's compensation has been consistent with company performance over the past year.
CEO
Clay Gaspar (53 yo)
Mr. Clay M. Gaspar is President, CEO & Director of Devon Energy Corporation from March 1, 2025. Mr. Gaspar was Executive VP & COO of Devon Energy Corporation from January 07, 2021 to March 1, 2025. Mr. Gas...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$7.01m | 0.12% $ 27.2m | |
| Executive VP & CFO | 8.7yrs | US$6.51m | 0.074% $ 16.8m | |
| Executive VP & General Counsel | 4.9yrs | US$4.74m | 0.039% $ 8.9m | |
| Co-Founder & Chairman Emeritus | no data | US$155.18k | no data | |
| VP of Accounting & Controller | 1.8yrs | no data | 0.0019% $ 442.8k | |
| Vice President of Corporate Finance & Treasurer | 1.3yrs | no data | no data | |
| Senior VP & CTO | 6.9yrs | no data | no data | |
| VP & Chief Information Officer | less than a year | no data | no data | |
| Executive Vice President of Human Resources & Administration | 9.8yrs | US$3.87m | 0.020% $ 4.5m | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Marketing & Midstream | 3.5yrs | no data | no data | |
| Senior Vice President of E&P Asset Management | less than a year | no data | 0.0068% $ 1.5m |
Experienced Management: DVN's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$7.01m | 0.12% $ 27.2m | |
| Co-Founder & Chairman Emeritus | 9.5yrs | US$155.18k | no data | |
| Independent Chair of the Board | 11.9yrs | US$462.56k | 0.015% $ 3.5m | |
| Independent Director | 16.7yrs | US$360.02k | 0.014% $ 3.3m | |
| Independent Director | 2.9yrs | US$342.02k | 0.00099% $ 224.8k | |
| Lead Independent Director | 4.9yrs | US$360.02k | 0.0092% $ 2.1m | |
| Independent Director | 11.9yrs | US$390.02k | 0.014% $ 3.2m | |
| Independent Director | 4.9yrs | US$347.52k | 0.013% $ 2.9m | |
| Director | less than a year | no data | 0.0011% $ 256.6k | |
| Independent Director | 6.5yrs | US$340.02k | 0.0070% $ 1.6m | |
| Independent Director | 4.9yrs | US$355.02k | 0.0014% $ 311.1k | |
| Independent Director | 2.9yrs | US$342.02k | 0.00099% $ 224.8k |
Experienced Board: DVN's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/24 10:56 |
| End of Day Share Price | 2025/12/24 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Devon Energy Corporation is covered by 65 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Hsulin Peng | Baird |
| Thomas Driscoll | Barclays |