With a market cap of $22 billion, Devon Energy Corporation (DVN) is an independent energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Following the sale of its Canadian and Barnett Shale assets, the company now concentrates exclusively on U.S.-based oil operations.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and Devon Energy fits this criterion perfectly. The company’s core operations are concentrated in key onshore basins, including the Delaware Basin, Eagle Ford, Anadarko, Williston, and Powder River.
