Devon Energy Corporation is an oil and gas producer in the U.S. with a multi-basin portfolio. Co. is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). Its oil and gas properties include Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. We show 58 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. |
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Video: The Importance of Market Cap
