Devon Energy rStock

Devon Energy engages in the physical extraction business of crude oil and natural gas. The company deploys drilling rigs in North American onshore shale basins, utilizing hydraulic fracturing processes to extract underground crude oil and associated gases. The extracted fossil fuels flow into surface storage tanks and transmission pipeline networks, primarily sold in bulk as physical commodities to large refineries and midstream processing entities, thereby earning profits from the physical extraction and delivery of fossil energy.