Performance Metrics
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Environment Performance Metrics1 | |||
*Unless otherwise noted, all data presented is pro forma (Devon + WPX) for U.S. operated assets. | |||
2020 | 2021 | 2022 | |
Direct GHG Emissions (Scope 1) (million tonnes CO2e)2 | 4.98 | 3.95 | 4.59 |
By Constituent | |||
Carbon Dioxide (million tonnes CO2e) | 4.36 | 3.44 | 4.07 |
Methane (million tonnes CO2e) | 0.62 | 0.51 | 0.52 |
Nitrous Oxide (million tonnes CO2e) | 0.003 | 0.002 | 0.002 |
By Source | |||
Flaring/Venting (million tonnes CO2e) | 2.99 | 2.32 | 1.88 |
Combustion (million tonnes CO2e) | 1.95 | 1.60 | 2.69 |
Other (million tonnes CO2e) | 0.04 | 0.03 | 0.02 |
Indirect GHG Emissions from Electricity Use (Scope 2 location-based) (million tonnes CO2e)3 | 0.32 | 0.34 | 0.39 |
Direct and Indirect GHG Emissions (Scope 1 and Scope 2 location-based) (million tonnes CO2e)2,3 | 5.31 | 4.29 | 4.98 |
Scope 1 and 2 GHG emissions and methane emissions increased in 2022 compared to 2021, primarily driven by the acquisition of RimRock and Validus, as well as an uptick in combustion-related emissions. | |||
Direct GHG Emissions Intensity (Scope 1) (tCO2e/MBoe)2 | 18.19 | 14.22 | 15.29 |
Direct and Indirect GHG Emissions Intensity (Scope 1 and Scope 2 location-based) (tCO2e/MBoe)2 | 19.36 | 15.44 | 16.58 |
Indirect GHG Emissions from Use of Sold Products (Scope 3, Category 11) (million tonnes CO2e)4,5 | 49 | 84 | 90 |
We report indirect emissions from the use of sold products on an equity basis from sources not owned or controlled by Devon; however, it is important to note that Scope 3 emissions estimates are subject to uncertainty, inconsistency and duplication as further described in the Air Emissions section of this report. 2020 estimated Scope 3 emissions are legacy Devon only, while 2021 and 2022 reflects pro-forma Devon + WPX. | |||
Methane Emissions Intensity (Scope 1) (tCO2e/MBoe)2 | 2.28 | 1.84 | 1.72 |
Methane Emissions Intensity - Production Segment (Scope 1) (% of natural gas produced)6 | 0.23% | 0.20% | 0.19% |
Flared Volume (Bcf) | 12.3 | 6.4 | 3.8 |
Flaring Intensity (% of natural gas produced)7 | 1.43% | 0.93% | 0.51% |
Energy Used - Fuel and Electricity Use (trillion BTU)3 | 31.36 | 27.18 | 43.03 |
Water Usage (million Bbl)8 | 98 | 116 | 126 |
Recycled (million Bbl) | 37 | 61 | 72 |
Sourced (million Bbl) | 61 | 54 | 54 |
Fresh (million Bbl) - Newly Reported in 2022 | --- | --- | 9 |
Water Usage Intensity (Bbl/Boe produced)8 | 0.32 | 0.42 | 0.44 |
Water Usage Intensity (million Bbl/well completion)8 | 0.29 | 0.37 | 0.35 |
Water Recycle Rate (recycled water Bbl/water usage Bbl)8 | 38% | 53% | 57% |
Devon's total water use for completions activities varies with activity levels, targeted formations and lateral lengths, and includes fresh, non-fresh and recycled water volumes. We seek alternatives to freshwater supplies, where possible. | |||
Reportable Spill Events Released to the Environment (events) | 246 | 280 | 413 |
Reportable Spill Volumes Released to the Environment (barrels) | 4,042 | 5,705 | 10,858 |
1 The environment metrics have been calculated using the best available data at the time of publication. Historical metrics are subject to change as we continuously seek to improve our data management practices, data sources and calculation methodologies in order to provide the highest level of transparency, consistency and accuracy. We report environment metrics on an operated basis, unless otherwise noted. | |||
2 We include all reportable emissions under EPA's Greenhouse Gas Reporting Program (GHGRP) for Devon operated facilities, as well as non-reportable emissions from our production assets and, beginning in reporting year 2019, gathering and boosting assets. We calculate emissions intensities using gross production as reported under the EPA GHGRP for all reporting segments. Prior year data has been revised to include an additional category of emissions that was not previously reported. | |||
3 We calculate our Indirect GHG Emissions from Electricity Use (Scope 2) on a location-based methodology using EPA fuel and electricity emissions factors. | |||
4 We report indirect emissions from the use of sold products (Scope 3) on an equity basis from sources not owned or controlled by Devon. To estimate our Scope 3 emissions, we rely upon IPIECA’s 2016 guidance document Estimating Petroleum Industry Value Chain (Scope 3) Greenhouse Gas Emissions. Per the IPIECA guidance, we report category 11 “Use of Sold Products” by calculating combustion emissions for our oil, natural gas and marketed natural gas liquids products using emissions factors obtained from the EPA and net equity production reported in Devon’s 2022 Annual Report on Form 10-K. | |||
5 Performance is limited to legacy Devon performance only in 2020 and pro-forma Devon + WPX in 2021 and 2022, using net equity production reported in Devon's 2022 Annual Report on Form 10-K for all three years. | |||
6 Our methane emissions intensity rate calculation includes all natural gas produced at Devon operated facilities and all methane emissions from Devon operated facilities associated with the production of oil and natural gas. | |||
Click here to see Devon's calculation methodology for methane emissions intensity | |||
7 Our flaring intensity rate calculation includes high-pressure flared volumes associated with the production of oil and natural gas. | |||
8 Our water usage includes all water sources used in completions activities at facilities operated by Devon in 2022. | |||
ERM CVS provided limited assurance in relation to Devon’s Total Scope 1 GHG emissions and Total Scope 2 GHG emissions (location-based method) for the reporting period January 1, 2021 to December 31, 2021. Due to subsequent revision of 2021 GHG emissions data owing to calculation refinements that are more representative of some aspects of our operations by including an additional category of emissions, ERM CVS has reassured the revised data for reporting year 2021. For reporting period January 1, 2022 to December 31, 2022, we expanded the scope of the limited assurance to include individual GHG constituents (i.e., carbon dioxide, methane and nitrous oxide), GHG emissions intensity, methane emissions intensity and flaring intensity. | |||
Basis of Reporting GHG Emissions | |||
Independent Assurance Statement | |||
Safety Performance Metrics | |||
*Unless otherwise noted, all data presented is pro forma (Devon + WPX) for U.S. operated assets. | |||
2020 | 2021 | 2022 | |
Fatalities (Employee + Contractor workforce) | 2 | 0 | 1 |
Total Recordable Incident Rate (TRIR) (Employee + Contractor) | 0.43 | 0.50 | 0.53 |
TRIR - Employee | 0.36 | 0.58 | 0.56 |
TRIR - Contractor | 0.44 | 0.48 | 0.53 |
Serious Incident and Fatality (SIF) Recordable Rate (Employee + Contractor) | 0.11 | 0.07 | 0.05 |
Days Away Restricted Transfer (DART) Incident Rate (Employee + Contractor) | 0.20 | 0.33 | 0.35 |
DART Incident Rate - Employee | 0.24 | 0.34 | 0.17 |
DART Incident Rate - Contractor | 0.19 | 0.32 | 0.37 |
Lost Time Incident Rate (LTIR) (Employee + Contractor) | 0.12 | 0.19 | 0.15 |
LTIR - Employee | 0.16 | 0.29 | 0.11 |
LTIR - Contractor | 0.11 | 0.17 | 0.16 |
Preventable Vehicle Incident Rate (per million miles) | 1.19 | 2.37 | 1.96 |
Employee Hours (million) | 5.0 | 4.2 | 3.6 |
Contractor Hours (million) | 24.8 | 22.8 | 26.9 |
Governance Metrics | |||
2020 | 2021 | 2022 | |
Independent Board Members | 82%1 | 73% | 73% |
As of June 2023, 10 of our 11 board members (91%) qualify as independent under NYSE standards and SEC regulations. | |||
Women Board Members | 27%1 | 27% | 27% |
As of June 2023, four women (36%) serve on our board of directors, including the chair of Devon’s Audit Committee. | |||
Contributions - Trades and Political (thousands) | $2,234² | $2,520 | $4,347 |
With the increased scale of the company following the Devon-WPX merger, Devon's trade association dues have increased. | |||
Lobbying - Federal and State (thousands) | $743² | $433 | $751 |
Devon's lobbying and political activity is disclosed via public agencies, as well as through the company's Political Activity and Lobbying Report available on our website. | |||
1 Reflects legacy Devon board composition following the annual election of directors each June. | |||
2 Legacy Devon only. | |||
Social Metrics | |||
*Unless otherwise noted, all data presented is pro forma for Devon and WPX. | |||
2020 | 2021 | 2022 | |
Social Investments (millions) | $5.3 | $13.7 | $29.6 |
In 2022, Devon’s social investments included $17.9 million related to humanitarian support and $4.1 million in one-time gifts for capital projects. | |||
Workforce Metrics | |||
*Unless otherwise noted, all data presented is pro forma for Devon and WPX. | |||
2020 | 2021 | 2022 | |
Headcount (total company) | 2,022 | 1,645 2 | 1,860 2 |
Minorities as a Percentage of Workforce1 | 21% | 22% | 22% |
Women as a Percentage of Workforce1 | 27% | 24% | 23% |
Women in the organization declined by 3% in 2021 primarily related to the WPX merger and location of Devon's corporate headquarters in Oklahoma City. For WPX employees in Tulsa, a lesser percentage of females were willing to relocate than males. | |||
Minorities as a Percentage of Leadership | 13% | 15% | 17% |
Women as a Percentage of Leadership | 20% | 15% | 16% |
Women in leadership declined by 5% in 2021 primarily related to the WPX merger and location of Devon's corporate headquarters in Oklahoma City. For WPX employees in Tulsa, a lesser percentage of females were willing to relocate than males. | |||
Years of Service | |||
Less than 5 years (percent of headcount) | 33% | 36% | 41% |
5-9 years | 41% | 38% | 32% |
10-14 years | 14% | 15% | 15% |
15-19 years | 7% | 8% | 9% |
20-24 years | 3% | 2% | 2% |
25+ years | 2% | 1% | 1% |
Median Age | 40 | 40 | 40 |
Attrition Rate | 3% | 5% | 4% |
1 As defined by the U.S. Equal Employment Opportunity Commission. | |||
2 Marginal difference compared to total headcount in EEO-1 due to timing for the calculations. |