Devon Energy Corp
Devon Energy's GHG Emissions Data Preview
In 2023, 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Devon Energy's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Devon Energy amounted to 4,740,000 metric 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Devon Energy decreased by 4.82%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Devon Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Devon Energy's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Devon Energy were 4,370,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Compared to the previous year (2022), Devon Energy's Scope 1 emissions decreased by 4.79%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Devon Energy's Scope 2 emissions?
In 2023, Devon Energy reported Scope 2 greenhouse gas (GHG) emissions of 370,000 tCOâ‚‚e using the location-based method.
Has Devon Energy reduced its Scope 2 emissions over time?
Compared to the previous year (2022), 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.
What methodology does Devon Energy use for Scope 2 reporting?
In 2023, Devon Energy reported its Scope 2 emissions using the location-based method.
Devon Energy's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Devon Energy's Value Chain Emissions
In 2023, Devon Energy reported 97,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Devon Energy includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Devon Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Devon Energy's Scope 3 emissions?
In 2023, Devon Energy reported total Scope 3 emissions of 97,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
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.
Has Devon Energy reduced its Scope 3 emissions over time?
Since 2018, Devon Energy's Scope 3 emissions have increased by 125.58%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Devon Energy's Scope 3 emissions remained relatively stable, indicating that Devon Energy 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Devon Energy disclose?
In 2023, Devon Energy reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to Devon Energy's Scope 3 emissions were:
- Processing of Sold Products (Cat. 10): 97,000,000 tCOâ‚‚e (100%)
Devon Energy's Scope 3 Emissions by Categories
Insights into Devon Energy's Total Carbon Footprint
In 2023, Devon Energy reported a total carbon footprint of 101,740,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.12% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Devon Energy's total carbon footprint was Scope 3 emissions, accounting for 95.34% of the company's total carbon footprint, followed by Scope 1 emissions at 4.3%.