Devon Energy

Exploration & Production
DVN
$ 71 3.3
Share price
$ 47 bn
Market Cap
$ 43 bn
Enterprise Value

Carbon footprint

97 Ton
GHG emissions per $ 1 mln investment
3.5x the weighted average for S&P 500
FY2020
How is this calculated?
-14%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Devon Energy aims to achieve net zero for Scope 1 + 2 by 2050


This target has not been verified as science based according to SBTi
Devon Energy's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Devon Energy's GHG emissions (location-based) (Kt of CO2e)
Devon Energy's Carbon intensity (Tons per 1 USDm)

Devon Energy's carbon footprint

Devon Energy reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 4,230 Kt (-680 /-13.8% y-o-y). At the same time, carbon intensity was up at 876 t (+87/+11% y-o-y).

Devon Energy's Scope 3 emissions grew to 49,000 Kt (+1,000/+2.1% y-o-y). The growth rate declined vs. the previous periods (CAGR +6.6% since 4Q'17).

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -141 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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