November 30, 2022

OKLAHOMA CITY, Nov. 08, 2022 (GLOBE NEWSWIRE) — Devon Energy Corp. (: DVN), the leading independent oil and gas producer in the United States, today announced it has released its 2022 Sustainability Report highlighting the company’s commitment to serving the industry. . Be a responsible environmental steward, a committed advocate for safety, a trusted producer, a valuable and effective community partner, and a supporting employer while driving results.

Rick Muncrief, President and CEO, said, “Devon’s continued progress toward ESG goals is something I am very proud of. “As a company, we aim to set an example by using a thoughtful, disciplined and balanced approach to ESG performance as well as financial performance.

“We have made progress towards our environmental goals this year, and by joining the OGMP 2.0 initiative, we are taking another significant step forward. This will help further accelerate methane emission reductions through more accurate and measurable reporting. no see.”

The latest comprehensive report highlights the company’s progress towards its net zero target for Scope 1 and 2 GHG emissions by 2050 and other targets announced in June 2021. The report also details the company’s 2021 performance, including key indicators for air emissions, water management practices and safety. , diversity, equity and inclusion, board governance and community engagement.

This year’s report reflects Devon’s level of voluntary frameworks and standards established by IPIECA, TCFD, SASB and the United Nations Sustainable Development Goals.

Find the full report with goals and metrics on the Devon Corporate website at devonenergy.com/sustainability.

About Devon Energy
Devon Energy is the nation’s leading oil and gas producer with a leading multi-basin portfolio covering world-class area in the Delaware Basin. Devon’s rigorous cash return business model is designed to deliver strong returns, generate surplus cash flow, and return capital to shareholders while focusing on safe and sustainable operations. For more information, visit www.devonenergy.com.

Investor Contacts
Scott Cudy, 405-552-4735
Chris Carr, 405-228-2496

Media Contact
Lisa Adams, 405-228-1732

ESG Contacts
Chris Kurt, 405-552-8028

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of federal securities laws. Such statements are not promises or guarantees of future actions, policies or performance and are subject to many assumptions, risks and uncertainties, many of which are beyond our control. As a result, Devon’s actual activities and future results, including the development, implementation, or continuation of any program, goal or initiative discussed in this press release or in the 2022 Sustainability Report, could differ materially in the future due to a number of factors, including: Without limitation: the risk that Devon will not be able to implement new technologies and practices considered to successfully or timely achieve relevant ESG objectives; the risk that such technologies and practices will incur higher than expected costs or cause disruptions that adversely affect Devon’s financial performance; Other risks identified in Devon’s 2021 Annual Report (Form 10-K) and other Securities and Exchange Commission filings. The forward-looking statements in this press release are made as of this date, and Devon has no obligation to, and expressly disclaims, any forward-looking statements to update or revise any forward-looking statements based on new information, future events or otherwise.

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