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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 6,020,000a | 4,370,000a | 4,590,000a | |
Total Scope 2 | ||||
Location-Based | 390,000a | 370,000a | 390,000a | |
Total Scope 3 | 109,000,000a | 97,000,000a | 90,000,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 377.6662a | 286.4071a | 239.4491a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
In 2024, the total operational greenhouse gas (GHG) emissions of Devon Energy amounted to 6,410,000 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Devon Energy increased by 35.23%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Devon Energy were 6,020,000 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, Devon Energy reported Scope 2 greenhouse gas (GHG) emissions of 390,000 tCO₂e using the location-based method.a
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
In 2024, Devon Energy reported its Scope 2 emissions using the location-based method.a
In 2024, Devon Energy reported 109,000,000 metric tons of CO₂ equivalent (tCO₂e) 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 1 of 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
In 2024, Devon Energy reported total Scope 3 emissions of 109,000,000 metric tons of CO₂ equivalent (tCO₂e).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
Since 2019, Devon Energy's Scope 3 emissions have 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
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.
In 2024, the largest contributors to Devon Energy's Scope 3 emissions were:a
In 2024, Devon Energy reported Scope 1 greenhouse gas (GHG) emissions of 6,020,000 tCO₂e and total revenues of USD 15,940 millions. This translates into an emissions intensity of 377.67 tCO₂e per millions USD.a
In 2024, Devon Energy reported a Scope 1 emissions intensity of 377.67 tCO₂e 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
In 2024, Devon Energy ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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
In 2024, Devon Energy reported a total carbon footprint of 115,410,000 metric tons of CO₂ equivalent (tCO₂e) 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