Devon Energy
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.www.devonenergy.com
26
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Search complete. 26 mentions across 20 episodes found for "Devon Energy".
Sep 25, 2026
Michael McLarenHOST
But when you look at who helps fund the work of the Atlantic Council... you also get a sense of where real power continues to lie outside of the Australian bubble.
Michael McLarenHOST
Because listed among the honour roll of contributors is the Abu Dhabi National Oil Company, the Emirates Nuclear Energy Company, ExxonMobil Corporation, TC Energy, Aramco, BP America, Devon Energy, GE Hitachi Nuclear Energy, Equinor, Glencore, GS Energy, Chevron and Commonwealth Fusion Systems.
Michael McLarenHOST
And there are others.
Michael McLarenHOST
Now, of course, they're not alone and others also contribute outside of the energy space.
Michael McLarenHOST
But when you look at who helps fund the work of the Atlantic Council, you also get a sense of where real power continues to lie outside of the Australian bubble.
Michael McLarenHOST
Because listed among the honour roll of contributors is the Abu Dhabi National Oil Company, the Emirates Nuclear Energy Company, ExxonMobil Corporation, TC Energy, Aramco, BP America, Devon Energy, GE Hitachi Nuclear Energy, Equinor, Glencore, GS Energy, Chevron and Commonwealth Fusion Systems.
Michael McLarenHOST
and there are others.
Michael McLarenHOST
Now, of course, they're not alone, and others also contribute outside of the energy space, but you do get a sense from that list that the fossil fuel industry and the nuclear industry still have some fight left in it, and a bit of spare capital, obviously, to throw about.
Brian SullivanHOST
Not a huge deal, but maybe a bolt on deal.
Brian SullivanHOST
Kelly, those might include, according to report, Devon Energy's Eagle Ford shale asset.
Brian SullivanHOST
Again, just a report.
Brian SullivanHOST
But I will say Devon has a big hedge fund called Tom's Capital, top five shareholder.
Jason SnipePANELIST
Mm-hmm.
Steve WeissPANELIST
So, um, to LNG now, because there's news regarding Devon Energy.
Steve WeissPANELIST
This was a Faber scoop today that the activist, uh, Tom's Capital urging Devon in a letter to explore alternatives, including a sale.
Steve WeissPANELIST
We have ownership on the desk, uh, as well regarding that name.
Scott WapnerHOST
That's a story in and of itself.
Scott WapnerHOST
Devon Energy is up on some activist action as well.
Scott WapnerHOST
Again, to the AI story at the UN, because that is taking place as we speak.
Scott WapnerHOST
But I do want to begin with what's happening in the bond market right now and that backup in yields, which does continue.
speaker_0HOST
Disney is raising the monthly price for Disney Plus by 13%.
speaker_0HOST
Devon Energy was helped by activist pressure.
speaker_0HOST
Royal Caribbean confirmed its acquisition of a 50% stake in Sandals Resorts for $3 billion.
speaker_0HOST
Alchemy Technology finished down 19.3% after it announced the conclusion of its strategic opportunities review.
David FaberHOST
Report a story.
David FaberHOST
Devon Energy.
David FaberHOST
Devon Energy is the subject of an activist campaign from the hedge fund Tom's Capital Management.
David FaberHOST
It's urging the Houston-based oil and gas company to review strategic alternatives, including a sale.
David FaberHOST
That's according to a letter that Tom sent to Devon earlier this month.
CitizenofTheYearHOST
When we do that, we get the top 10 holdings.
CitizenofTheYearHOST
You're gonna see a lot of companies like Adobe, Expedia, Devon Energy, right? Accenture, Intuit, Salesforce, a lot of these more legacy software companies.
CitizenofTheYearHOST
You can s- it's very heavy into technology, energy, and healthcare.
CitizenofTheYearHOST
These are all in that 21 to 28, 27% range, so definitely not super diversified.
TomHOST
But then from 2005 to 2012, that's seven years, seven deals, seven years valued $7 billion.
TomHOST
2006, you sell to Devon Energy and some mainstream on top of it to Crosstex for $2.6 billion.
TomHOST
Then we move as fast to 2022.
TomHOST
You sell Chief Oil, the operating side of Chief Oil.
Thom HartmannHOST
Baker Hughes announced a collaboration with Google on technologies for data centers earlier this year.
Thom HartmannHOST
The CEOs of Devon Energy, Williams Companies, and Sempra Infrastructure, all companies that have made significant moves to be part of the AI boom, were also at the dinner.
Thom HartmannHOST
About a week later, Burgum met with SpaceX executives, including President Gwynne Shotwell, who has pitched building data centers in space as soon as next year.
Thom HartmannHOST
In 2026, SpaceX acquired XAI, which has built some of the biggest data centers in the U.S. on the border between Tennessee and Mississippi.
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