| Business Summary | | Devon
Energy
Corporation,
including
its
subsidiaries,
is
an
energy
company
engaged
primarily
in
oil
and
gas
exploration,
development
and
production
and
in
the
acquisition
of
producing
properties.
Devon
owns
oil
and
gas
properties
concentrated
in
five
operating
divisions,
the
Permian/Mid-Continent,
Rocky
Mountain
and
Gulf
divisions,
which
include
onshore
properties
in
the
continental
United
States
and
offshore
properties
primarily
in
the
Gulf
of
Mexico,
the
Canadian
division,
which
includes
properties
in
the
Western
Canadian
Sedimentary
Basin
in
Alberta
and
British
Columbia,
and
the
International
Division,
which
includes
properties
in
Azerbaijan,
South
America,
Southeast
Asia
and
West
Africa.
Devon
sells
its
gas
production
to
pipelines,
utilities,
gas
marketing
firms,
industrial
users
and
local
distribution
companies.
The
Company's
crude
oil
production
is
sold
to
refiners,
remarketers
and
other
companies,
some
of
which
have
pipeline
facilities
near
the
producing
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DVN
is
an
independent
energy
company
engaged
in
oil
and
gas
exploration,
development
and
production,
and
the
acquisition
of
producing
properties.
For
the
six
months
ended
6/30/01,
revenues
rose
45%
to
$1.75
billion.
Net
income
applicable
to
Common
before
acct.
change
rose
90%
to
$482.3
million.
Revenues
benefitted
from
an
increase
in
the
price
of
gas
and
natural
gas
liquids.
Earnings
also
reflect
cost
savings
realized
from
a
merger. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| J. Larry Nichols, 58 Chairman,
Pres, CEO | $1.6M | -- | John Richels, 50 CEO
of Northstar | -- | -- | William Vaughn, 54 Sr.
VP of Fin. | 535K | $353K | Marian Moon, 50 Sr.
VP, Admin. and Corp. Sec. | -- | -- | Duke Ligon, 59 Sr.
VP, Gen. Counsel | 535K | 520K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|