Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 84.6th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Margins Stable Across CyclesOperating margin volatility is low (stability score 0.82), demonstrating pricing resilience across cycles.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.29), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Devon Energy Corporation ranks #28 of 93
scored companies in Oil & Gas E&P by moat score — the top 30%.
The widest moat in the group is Texas Pacific Land Corporation (TPL)
at 84/100.
Moat scores for companies ranked near DVN in Oil & Gas E&P
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 76
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 42
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 76
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 55
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 50
· 15% of the moat score
Scale matters only when it converts into economics.
Devon Energy Corporation (DVN) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #28 of 93 scored companies in Oil & Gas E&P, the top 30%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Capital Efficiency (76/100) and its weakest is Customer Stickiness (42/100).
How does Devon Energy Corporation compare with other Oil & Gas E&P companies?
Devon Energy Corporation ranks #28 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are California Resources Corporatio (CRC) at 60 just above it and ConocoPhillips (COP) at 59 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.
Why is Devon Energy Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Devon Energy Corporation?
The Corporate Default template measures 6 defenses, and DVN scores: Pricing Power (57), Cost Advantage (76), Customer Stickiness (42), Capital Efficiency (76), Resilience (55), Scale & Market Position (50). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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