Company Directory - Devon Energy
CCI Score
CCI Score: Devon Energy
-12.75
0.01%
Latest Event
Devon Energy Political Contributions and Lobbying Activity in 2024 Cycle
According to OpenSecrets data, Devon Energy contributed approximately $6.46 million during the 2024 election cycle while spending around $400,000 on lobbying. This event highlights the company’s efforts to exert political influence, which may help secure favorable policy environments that counter progressive and anti-authoritarian reforms.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
ENABLER
Devon Energy is currently rated as an Enabler.
Latest Events
FEB062025According to OpenSecrets data, Devon Energy contributed approximately $6.46 million during the 2024 election cycle while spending around $400,000 on lobbying. This event highlights the company’s efforts to exert political influence, which may help secure favorable policy environments that counter progressive and anti-authoritarian reforms.
-40
Political Contributions and Lobbying Efforts
April 11
The significant political contributions and lobbying expenditures by Devon Energy, as reported by OpenSecrets, indicate an effort to sway political processes in a way that could undermine progressive reforms and hinder anti-authoritarian initiatives. Such financial influence in the political realm is concerning from an anti-fascist perspective.
- OCT042023
A lawsuit claims Devon Energy misclassified 'day rate' workers as independent contractors, depriving them of overtime pay and violating fair labor practices.
-50
Labor Relations and Human Rights Practices
April 11
The lawsuit alleges that Devon Energy deliberately misclassified workers as independent contractors instead of employees, which bypasses legal requirements for overtime compensation. This action undermines labor rights and fair work practices, making it a negative practice in terms of human rights and ethical business operations.
- OCT012023
Devon Energy has published a detailed human rights statement outlining its commitment to non-discrimination, anti-harassment, and equal employment opportunities. The policy reaffirms adherence to international standards such as the Universal Declaration of Human Rights and the ILO’s principles, and emphasizes proactive engagement with indigenous communities and local stakeholders.
+75
Labor Relations and Human Rights Practices
October 1
Devon Energy's comprehensive human rights policy and code of conduct demonstrates a firm commitment to protecting worker rights and promoting equitable labor practices. The company's explicit adherence to internationally recognized human rights and labor standards supports progressive, anti-authoritarian values.
- OCT012023
Devon Energy announced the elimination of approximately 300 jobs (about 9% of its workforce) as part of a broader cost-reduction and strategic reorganization effort, reflecting a move that negatively impacts worker security and rights.
-40
Labor Relations and Human Rights Practices
April 11
The decision to lay off 300 workers undermines worker security and fair labor practices, a move that detrimentally affects the working class and contradicts anti-fascist principles that prioritize the rights and well-being of workers. This mass layoff, especially in a context of strong financial performance, demonstrates a prioritization of cost-cutting over employee welfare.
- APR182023
Devon Energy made a $10 million strategic investment in Fervo Energy to apply its decades of oil and gas drilling expertise towards advancing enhanced geothermal energy production, marking a progressive step towards renewable energy solutions.
+40
Business Practices and Ethical Responsibility
April 11
Devon Energy's investment represents a positive shift in business practices by leveraging its traditional expertise to support renewable energy technology. This step towards diversifying energy sources not only paves the way for more sustainable practices but also addresses environmental justice concerns that impact marginalized communities.
Shale pioneer Devon Energy invests $10 million into geothermal partnership with Fervo
+30
Technology and Services Impact
April 11
By applying its advanced drilling techniques and well completion expertise to geothermal energy, Devon Energy is utilizing technology in a way that supports sustainable energy production. This innovative application not only modernizes their technological footprint but also promotes renewable energy solutions beneficial for community resilience.
Shale pioneer Devon Energy invests $10 million into geothermal partnership with Fervo
- JAN012023
An OpenSecrets report details that Devon Energy spent $400,000 on lobbying efforts in 2023, an action viewed as an attempt to influence public policy in favor of corporate interests, which raises concerns regarding democratic accountability.
-30
Political Contributions and Lobbying Efforts
April 11
Devon Energy's $400,000 lobbying expenditure in 2023 indicates active investment in influencing political processes. Such corporate lobbying raises red flags from an anti-fascist perspective as it can distort democratic decision-making by favoring corporate power over public accountability.
- NOV082022
Devon Energy's PAC profile on OpenSecrets reveals that the company raised $351,395 in political contributions during the 2021-2022 election cycle. This financial involvement in political spending is noted as part of broader corporate efforts to influence U.S. policy.
-30
Political Contributions and Lobbying Efforts
April 11
The reported political contributions totaling $351,395 indicate Devon Energy’s active involvement in political funding through its associated PAC. Such contributions can enhance corporate lobbying influence which, from an anti-fascist perspective, support undemocratic power structures. This level of spending raises concerns regarding the company’s role in influencing policy in ways that may benefit entrenched interests.
- MAR202017
A proposed collective action alleges that Devon Energy misclassified safety workers as independent contractors, effectively denying them overtime pay and undermining labor rights protections.
-70
Labor Relations and Human Rights Practices
April 11
The allegations claim that Devon Energy misclassified safety workers as independent contractors, which not only circumvents overtime regulations but also compromises worker rights and fair labor practices. Such actions reflect a disregard for labor standards and contribute to an exploitative environment.
Collective Action Claims Devon Energy Corp. Misclassified Safety Workers
Alternatives
Calgary, Canada
-2.66
Geneva, Switzerland
33.34
Hanoi, Vietnam
1.80
Russia
-0.39
Houston, United States
-5.89
Calgary, Canada
-6.41
Kuala Lumpur, Malaysia
-6.91
London, United Kingdom
-12.46
Canada
-13.48
Yuzhno-Sakhalinsk, Russia
-16.31
Corporate Financials
- Revenue
- 2021
- $14.60B
- Total Assets
- 2021
- $23.00B
- Operating Income
- 2021
- $3.60B
- Total Equity
- 2021
- $10.50B
Industries
- 211120
- Crude Petroleum Extraction
- 213111
- Drilling Oil and Gas Wells
- 486110
- Pipeline Transportation of Crude Oil
- 486210
- Pipeline Transportation of Natural Gas