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Devon Energy Corporation - College Paper

Devon Energy Corporation

Devon Energy Corporation is an independent oil and gas producer that is beginning to make a name for itself in the business. Its acquisition campaign has begun within the purchases of Northstar Energy and Santa Fe Snyder and continued in 2003 with Anderson Exploration and Mitchell Energy & Development. Later on in 2003, the company acquired Ocean Energy for $3.5 billion and merged it with its Devon Newco subsidiary. As such, the company now plays in the "big league", together with such serious competitors as BP Plc, Burlington Resources and Royal Dutch/Shell Group.

| |Devon Energy |BP Plc |Burlington Resources |Royal ...

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|- |
|Total Assets |16.23B |144.1B |10.64B |- |
|ROI |16.1% |15.2% |17.5% |- |

1 As of 2002
2 As of 2002

The financial indicators presented here above calculate 2 important indicators that can give some hint about the company's status: the Net Income/Total sales indicator, commonly referred to as profit margin on sales, and return on investment (ROI). We will have a look at each of the indicators presented here above for Devon Energy and compare it to some of the other competitors in the industry.
The net income indicator is an absolute indicator that does not give us a clear picture of the company's financial situation. If we see that Devon has a net income of $1.27B, it really tells us nothing. However, if we compare it to some of the ...

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Devon Energy Corporation. (2016, April 29). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Devon-Energy-Corporation/105593

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PAPER DETAILS

Added: 4/29/2016 04:50:04 AM
Category: Business
Type: Premium Paper
Words: 857
Pages: 4

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