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Devon Energy Corp
Devon Energy's GHG Emissions Data Preview
In 2024, Devon Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Devon Energy has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Devon Energy’s Greenhouse Gas (GHG) Emissions Data
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Insights into Devon Energy's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofDevon Energy amounted to6,410,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Devon Energyincreased by 35.23%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Devon Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Devon Energy's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Devon Energy were 6,020,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Devon Energy reduced its Scope 1 emissions over time?
Since 2019, Devon Energy's Scope 1 emissions have increased by 130.65%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Devon Energy's Scope 1 emissions increased by 37.76%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Devon Energy's Scope 2 emissions?
In 2024, Devon Energy reported Scope 2 greenhouse gas (GHG) emissions of 390,000 tCOâ‚‚e using the location-based method.a
Has Devon Energy reduced its Scope 2 emissions over time?
Since 2019, Devon Energy's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 50%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Devon Energy's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Devon Energy's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Devon Energy use for Scope 2 reporting?
In 2024, Devon Energy reported its Scope 2 emissions using the location-based method.a
Devon Energy's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Devon Energy's Value Chain Emissions
In 2024, Devon Energy reported 109,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Devon Energy includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Devon Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Devon Energy's Scope 3 emissions?
In 2024, Devon Energy reported total Scope 3 emissions of 109,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Devon Energy reduced its Scope 3 emissions over time?
Since 2019, Devon Energy's Scope 3 emissionshave increased by 127.08%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Devon Energy's Scope 3 emissions increased by 12.37%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Devon Energy disclose?
In 2024, Devon Energy reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Devon Energy's Scope 3 emissions?
In 2024, the largest contributors to Devon Energy's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 109,000,000 tCOâ‚‚e(100%)
Devon Energy's Scope 3 Emissions by Categories
Insights into Devon Energy’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Devon Energy reported Scope 1 greenhouse gas (GHG) emissions of 6,020,000 tCOâ‚‚e and total revenues of USD 15,940 millions. This translates into an emissions intensity of 377.67 tCOâ‚‚e per millions USD.a
Devon Energy's Scope 1 Emissions Intensity Compared to Peers
How does Devon Energy's GHG emissions intensity compare to its peers?
In 2024, Devon Energy reported a Scope 1 emissions intensity of 377.67 tCOâ‚‚e per millions USD. Compared to the peer group median of 326.86, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Devon Energy rank on GHG emissions intensity within its industry?
In 2024, Devon Energy ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Devon Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Devon Energy's Total Carbon Footprint
In 2024, Devon Energy reported a total carbon footprint of 115,410,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.44% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Devon Energy's total carbon footprint was Scope 3 emissions, accounting for 94.45% of the company's total carbon footprint, followed by Scope 1 emissions at 5.22%.a