At Devon Energy, 90 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 1787 employee surveys, with a 90% confidence level and a margin of error of ± 1.10. It was published on Aug 25, 2017. 20270 Visitors

What Employees Say

I am able to take time off from work when I think it's necessary.
95%
 
I am given the resources and equipment to do my job.
94%
 
I'm proud to tell others I work here.
94%
 
Our facilities contribute to a good working environment.
93%
 
I feel good about the ways we contribute to the community.
93%
 

What They Do

We asked Devon Energy to explain what they do. Here is what they had to say.

We explore for oil and natural gas and produce those energy sources onshore in the United States and Canada. We are an "independent" producer, meaning we do not own refineries or retail gasoline stations.

About this Company

Website: www.devonenergy.com Industry: Manufacturing & Production
US Headquarters: Oklahoma City, Oklahoma, 73102 US Sites: 13
Major Locations: Oklahoma City, Oklahoma, 73102; Artesia, New Mexico, 88210; Bridgeport, Texas, 76426; Weatherford, Oklahoma, 73096; Cuero, Texas, 77954 US Employees: 2,616
US Revenues: $5,722 million Worldwide Revenues: $12,197 million
Employees Worldwide: 3,487 Corporate Structure: Public
Stock Symbol: DVN Founded: 1971

Devon's onsite wellness center in Oklahoma City is free for employees who work out at least five times per month. Field employees also are reimbursed for wellness center memberships.

Perks and Programs

We asked Devon Energy to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • Benefits and compensation package: Devon targets base salary above the median range within our peer group. In addition to base pay, all employees are eligible for an annual cash performance bonus, and more than half of all employees also receive long-term equity incentives in conjunction with the annual performance review process. Other benefits include an alternative work schedule, which allows employees to compress their 80 hours per pay period into nine days instead of 10, and a robust Employee Assistance Program, with numerous offerings including a free will, a concierge for elder care and a free phone consultation with an attorney on a variety of legal issues.
  • Fitness center reimbursement: Memberships to Devon's state-of-the-art fitness center in Oklahoma City are available to employees, spouses and dependent children ages 13 to 26 at $15 per month for an individual employee and $20 per month per family. Employees who work out five times or more per month are reimbursed quarterly, making their membership free. In the field, workout rooms are available in two of Devon’s larger field office locations: Artesia, New Mexico, and Cuero, Texas. This is in addition to the field fitness subsidy (up to $40/month for singles and families). Wellness participation options include nutrition, individual, small-group and large-group exercise, sleep, stress management, smoking cessation, weight loss and preventive health care.
  • On-site medical clinic: For Oklahoma City employees, who comprise 68 percent of Devon's U.S. workforce, the company offers an onsite medical clinic for employees and their dependents. This makes a convenient way for employees to undergo an annual wellness exam. Many employees now use the clinic's doctor as their general practitioner. In addition, the clinic offers dermatology and allergy services, allergy injections and free cancer screenings.
  • Retirement programs: Devon offers a 401(k) incentive savings plan in which employees can defer up to 50 percent of annual salary and bonus (up to the IRS maximum of $18,000). Employees can choose the option to save through a traditional pre-tax plan, a Roth plan (after tax) or a combination of both. Devon matches 100 percent of the first 3 percent of compensation an employee defers for the first four years of their employment and 100 percent of the first 6 percent thereafter. In addition, Devon offers employees an enhanced 401(k) program with a company retirement contribution. This company retirement contribution is given to all employees regardless of their participation in the optional 401(k) matching program. This provides employees with a quarterly contribution of 8 percent of compensation into their 401(k).
  • Emphasis on financial wellness: Devon's award-winning financial wellness program, free to employees, offers assistance in mastering their personal finances. Options include financial fitness assessments and follow-up phone consultations with financial experts, access to a third-party website with financial education articles, webcasts and calculators, a dedicated help line for Devon employees and on-site and web-based workshops.
  • HSA contributions: Devon contributes up to $1,500 per year into an employee's health savings account, based on completion of several wellness-centered activities, such as the person's own HSA contribution, dental and vision check-ups, annual physical, fitness challenges and safety meeting attendance.
  • Generous leave time: Devon provides between 160 and 240 hours of personal time off (PTO) per year, with the amount based on the employee's level of experience, and a roll-over equal to the employee's annual PTO allotment. An individual PTO-balance calculator helps employees determine how many remaining hours they have currently and will have at year-end for vacation-planning purposes.
  • Employee development: Devon offers an array of employee-development opportunities. As one example, to help acclimate employees to aspects of the oil and natural gas industry beyond their own expertise, Devon offers an Industry Acumen series of courses in a classroom setting. These courses provide interactive instruction on exploration, drilling and production, land and petroleum finance. Webinars and on-demand, self-paced options are available on a variety of topics including leadership, business acumen and particular skills.
  • Healthy dining discount: The company-owned cafeteria at Devon's Oklahoma City headquarters offers a 50 percent discount to employees for healthy menu choices. For example, a lunchtime option of salmon and two healthy sides is about $5 for employees.

COMPENSATION BY THE NUMBERS

$96,144 Average salary and additional cash compensation for Junior E&P Production Operator $172,575 Average salary and additional cash compensation for Junior E&P PetroTechnical Professional
100% Match of employee’s 401(k)/403b contribution up to 6% of salary80% Company-paid health coverage for employees (for Full-time, Part-time and Interns pay a higher premium.)
78% Company-paid health coverage for dependents 74% Company-paid health coverage for part-timers
20 hours Weekly hours required for part-timers to receive health insurance $3,189 Average Tuition Reimbursement
$5,250 Maximum Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k) or 403b Program
  • Restricted stock units
Collaboration between technical experts is crucial at Devon.

WORK-LIFE BALANCE BY THE NUMBERS

30 days Paid time off after one year of full-time employment 20 days Paid time off after one year of part-time employment
Set days Paid sick days after one year of full-time employment

WORK-LIFE BALANCE PROGRAMS

  • Compressed work weeks (87% use it)
  • Medical facilities (only at headquarters)
  • Onsite Amenities (Healthy food discounts, group exercise classes, on-site massage, incentivized wellness program, financial wellness, car wash, dry cleaning, ATM, personal travel service, free parking, 24-hour security, three on-site restaurants, discount tickets, take home meals)

FAMILY CARE BY THE NUMBERS

$5,000 Adoption benefit

FAMILY CARE PROGRAMS

  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Fertility treatments

Community and Environmental Impact

9 hours Paid time off to volunteer $5,500,000 Philanthropic donations in last year
$1,500,000 Total company-matched employee donations in last year Vice president of Environment, Health and Safety Leads environmental impact team
Self-Conducted Environmental impact audit 1 LEED certified building(s)
Yes Renewable energy program Yes Recycling program

Diversity

  • Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation
  • Formal programs (such as resource groups, mentorship, networking, or other affinity groups) support professional development for: Women
  • Medical care covers gender confirmation surgery
Devon's cafeteria offers employees a significant discount on healthy food choices.

DEMOGRAPHICS

 
In this high-tech room, marketing professions negotiate the sale and transportation of Devon's oil, natural gas and associated liquids.

How to Get Hired

We asked Devon Energy for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

Innovation, integrity, professionalism, willingness to provide candid communication, loyalty, team-first attitude, collaborative nature and the ability to adapt to change.

What can prospective employees do to get your attention?

Having a well-structured resume, being prepared with meaningful questions and making sure to do their research on Devon in preparation for their interview.

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

Innovative thinkers, technical professionals, specialists in geoscience, engineering, data science/Big Data, accounting.  

What should interested candidates do to find out more and get started?

They can check www.devonenergy.com for more information about the company, or visit careers.devonenergy.com for an up-to-date listing of open positions and employee benefits. They can also visit our Linkedin page or @devoncareers on Twitter, as well as our Vimeo channel.

hiring Outlook

150 Forecasted positions to fill in coming year -15% Job Growth
39 Average applicants per opening 20,725 Total job applicants
49% New hires by employee referrals 38% Openings filled by current employees
35 Recent graduates hired 5% Voluntary turnover for full-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

Follow Devon Energy

Related Companies