| Devon Energy is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. Co.'s operations are concentrated in various onshore areas in U.S. Co. focuses on oil and liquids operation located in the Delaware Basin, Powder River Basin, Anadarko Basin, Williston Basin and Eagle Ford. We show 46 historical shares outstanding datapoints in our DVN shares outstanding history coverage, used to compute DVN market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DVN market cap history over the course of time is important for investors
interested in comparing DVN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DVN versus a peer is one thing; comparing
DVN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DVN can fluctuate over the course of history.
With this page we aim to empower investors researching DVN by allowing them to research the DVN market cap history.