Devon: World's Fastest Growing Oil & Gas Brand -- 2022 -- Due To Merger

Just think, Warren Buffett bought "Snow" when he could have bought Devon. Whatever. My advice: take the loss. Buy DVN. See disclaimer.

From SeekingAlpha, April 14, 2022: Devon Energy was the #1 performing equity in 2021.

The company has an incredibly strong portfolio of low-cost assets and an ability to generate double-digit shareholder returns starting at $70+ WTI.

Devon Energy is tracked here.

Fast forward one year: Devon Energy named world's fastest growing oil and gas brand. 

Go direct to Hart Energy. Archived.

Following the completion of its merger with WPX Energy and increasing focus on ESG, Devon Energy’s brand value has tripled to $2.3 billion, a new report shows.

Oklahoma-based Devon Energy was named the world’s fastest growing brand in the oil and gas sector due to higher commodity prices and an increased focus on addressing ESG priorities.  

Following the completion of its merger with peer WPX Energy last year, Devon’s brand value tripled to $2.3 billion and the U.S. shale producer made it to the list of the world's top 50 oil and gas brands for the first time.

The original report is found here. Look how Devon Energy stacks up with some big names.

• Shell is world’s most valuable brand in oil and gas, valued at US$49.9 billion
• Aramco retains second place globally with 16% brand value growth
• ADNOC grows strongly, benefits from top brand guardian CEO in industry
• China’s PetroChina and Sinopec struggle, behind continuing COVID curtain
• Petronas is world’s strongest oil and gas brand with AAA rating
• Devon triples in brand value to be world’s fastest growing oil and gas brand as merger completes
  

Ranking based on revenue, I assume:

Devon revenue, link here:

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From the linked "original report."

Devon (brand value triples to US$2.3 billion) was the fastest growing brand globally in the oil and gas sector. 

Devon’s brand value tripled and was ranked as one of the top 50 oil and gas brands in the world for the first time as a result of the completion of its merger with peer WPX Energy last year. 

As a result, the combined brand value has increased substantially, with the combined brand focusing on on-shore exploration and drilling in the continental USA, primarily in the Delaware Basin of Texas, and to a lesser extent, operations in New Mexico and North Dakota. 

The brand is benefiting from higher commodity prices and an increased focus on addressing environmental, social and governance priorities.