Devon Energy Corp.

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Devon Energy Corporation is a leading independent natural gas and oil exploration and production company. Devon's operations are focused onshore in the United States and Canada. We also own natural gas pipelines and treatment facilities in many of our producing areas, making us one of North America's larger processors of natural gas liquids. The company's portfolio of gas and oil properties provides stable, environmentally responsible production and a platform for future growth. The company's production mix is about two-thirds natural gas and one-third oil and natural gas liquids, such as propane, butane and ethane. Devon produces over 2.5 billion cubic feet of natural gas each day, about 3 percent of all the gas consumed in North America. Headquartered in Oklahoma City, Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange under the ticker symbol DVN. The company's primary goal is to build value per share by: -— Exercising capital discipline

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