Devon Energy Corp
Devon Energy's Climate Target Data Preview
As of 2024, Devon Energy has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 intensity-based targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Devon Energy ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target | Scope 1 - Flaring | Cubic Feet (ft3) of CO2 equivalent (ft3CO2e) per Cubic Feet (ft3) of Gross Natural Gas Produced | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Gross Oil and Gas Produced | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Gross Oil and Gas Produced | Copy restricted. Please purchase to unlock this data.  a | 2030 |
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Insights into Devon Energy's Greenhouse Gas Emissions Pathways
As of 2024, Devon Energy has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a
Does Devon Energy have a target to reduce the emissions from its operations?
As of 2024, Devon Energy has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Devon Energy's most ambitious operational target is to reduce these emissions by 77.27% by 2025, compared to a baseline of 2.2 Cubic Feet (ft3) of CO2 equivalent (ft3CO2e) per Cubic Feet (ft3) of Gross Natural Gas Produced in 2019. a
Devon Energy has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2025 value, achieving its climate goal ahead of schedule. a