Devon Energy Announces Key Leadership Appointments and Departure

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Raines as Senior Vice President, E&P Asset Management, and Thomas J. Hellman as Senior Vice President, E&P Operations, effective February 8, 2025, and January 20, 2025, respectively. The company also decided to eliminate the position of Executive Vice President and Chief Corporate Development Officer, resulting in the departure of David G. Harris on February 10, 2025. Both new appointees will serve on Devon's Management Executive Committee and receive competitive compensation packages, including base salary, annual performance cash bonuses, and long-term equity incentives. Mr. Harris is eligible for a severance package upon his departure.

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About Devon Energy Corporation

Devon Energy Corporation is a prominent player in the energy sector, specializing in the exploration, development, and production of oil and natural gas. With its corporate headquarters located in Oklahoma City, Oklahoma, Devon Energy operates principally across the United States. Its portfolio encompasses some of the most resource-rich areas, such as the Delaware Basin within the greater Permian Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and the Williston Basin. The company's primary function is to harness and maximize value from its substantial onshore oil and gas reserves, making substantial contributions to the energy supply chain. Devon Energy is noted for its strategic focus on efficient and sustainable practices in hydrocarbon extraction and production. It plays a critical role in the U.S. energy landscape, providing resources essential for various sectors including transportation, manufacturing, and residential energy needs. Through innovative drilling and operating techniques, Devon Energy pursues operational excellence while remaining committed to reducing its environmental footprint and enhancing the safety of its operations.