Devon Energy Management
Management criteria checks 4/4
Devon Energy's CEO is Rick Muncrief, appointed in Jan 2021, has a tenure of 3.92 years. total yearly compensation is $14.88M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $59.09M. The average tenure of the management team and the board of directors is 3.9 years and 4.7 years respectively.
Key information
Rick Muncrief
Chief executive officer
US$14.9m
Total compensation
| CEO salary percentage | 8.3% |
| CEO tenure | 3.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.9yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
Devon: Missing Bullish Support - Unloved Status Triggers Rich Upside Potential
Dec 21Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential
Nov 29Here's Why Devon Energy (NYSE:DVN) Has A Meaningful Debt Burden
Nov 22
Devon 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 23The Market Doesn't Like What It Sees From Devon Energy Corporation's (NYSE:DVN) Earnings Yet
Sep 17Devon 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 (NYSE:DVN) Seems To Use Debt Quite Sensibly
Jul 28Devon 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 17The Market Doesn't Like What It Sees From Devon Energy Corporation's (NYSE:DVN) Earnings Yet
Jun 07Estimating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
May 23Devon Energy Believes It Offers 'Incredible Value' - I Agree
May 15Some Analysts Just Cut Their Devon Energy Corporation (NYSE:DVN) Estimates
May 03Devon 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 04These 4 Measures Indicate That Devon Energy (NYSE:DVN) Is Using Debt Extensively
Feb 01Devon Energy Vs. Diamondback Energy: A Battle Of The Permian
Jan 22Calculating The Fair Value Of Devon Energy Corporation (NYSE:DVN)
Jan 14Devon 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 24Devon Energy: Why You Shouldn't Catch This Falling Knife Again (Rating Downgrade)
Nov 17Devon Energy: Love Is In The Air
Oct 18Devon Energy: The Bullish Thesis Could Be Broken - Here's Why I Turned Cautious (Rating Downgrade)
Oct 06Devon Energy: The Path To A 10% Yield And 100% Total Return
Sep 05How Devon Energy Positioned Itself For Growth
Aug 17Devon Energy Q2: Market Capitulation Presents The Doubling Down Opportunity
Aug 03Devon Energy: I Expect A Brief Buying Opportunity Post Earnings
Jul 27Peak Shale: Why I Believe That Devon Energy Could Double
Jul 14Devon Energy: A Definite Buy Below Management Share Repurchase Prices
Jun 11Devon Energy's Weakness Makes It A Valuable Investment
May 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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$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 about average for companies of similar size in the US market ($USD12.85M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
CEO
Rick Muncrief (65 yo)
3.9yrs
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 |
|---|---|---|---|---|
| President | 3.9yrs | US$14.88m | 0.29% $ 59.1m | |
| Executive VP & CFO | 7.7yrs | US$5.72m | 0.064% $ 12.9m | |
| Executive VP & COO | 3.9yrs | US$6.34m | 0.11% $ 21.4m | |
| Executive VP & General Counsel | 3.9yrs | US$4.21m | 0.039% $ 7.9m | |
| Executive VP & Chief Corporate Development Officer | 3.9yrs | US$5.74m | 0.051% $ 10.3m | |
| Co-Founder & Chairman Emeritus | no data | US$155.18k | no data | |
| VP of Accounting | less than a year | no data | 0.0013% $ 260.7k | |
| Vice President of Corporate Finance & Treasurer | less than a year | no data | no data | |
| VP & CTO | 5.9yrs | no data | no data | |
| Executive Vice President of Human Resources & Administration | 8.8yrs | US$3.87m | 0.016% $ 3.2m | |
| Vice President of Investor Relations | less than a year | no data | no data | |
| Vice President of Marketing & Midstream | 2.5yrs | no data | no data |
3.9yrs
Average Tenure
52yo
Average Age
Experienced Management: DVN's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.9yrs | US$14.88m | 0.29% $ 59.1m | |
| Co-Founder & Chairman Emeritus | 8.5yrs | US$155.18k | no data | |
| Independent Chair of the Board | 10.9yrs | US$355.03k | 0.016% $ 3.2m | |
| Independent Director | 6.5yrs | US$342.03k | 0.0082% $ 1.7m | |
| Independent Director | 15.7yrs | US$357.86k | 0.013% $ 2.6m | |
| Independent Director | 1.9yrs | US$434.18k | 0.00095% $ 192.0k | |
| Lead Independent Director | 3.9yrs | US$358.06k | 0.0099% $ 2.0m | |
| Independent Director | 10.9yrs | US$550.04k | 0.012% $ 2.5m | |
| Independent Director | 3.9yrs | US$340.03k | 0.0093% $ 1.9m | |
| Independent Director | 5.5yrs | US$340.03k | 0.0055% $ 1.1m | |
| Independent Director | 3.9yrs | US$355.03k | 0.0013% $ 264.8k | |
| Independent Director | 1.9yrs | US$433.43k | 0.00095% $ 192.0k |
4.7yrs
Average Tenure
66yo
Average Age
Experienced Board: DVN's board of directors are considered experienced (4.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:13 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| 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 here.
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 .
Analyst Sources
Devon Energy Corporation is covered by 73 analysts. 17 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 |
| Ishan Majumdar | Baptista Research |