1、Devon Energy 2007 Annual ReportCommitment Runs DeepCorporate Profile Devon is the largest U.S.-based independent oil and gas producer.Devons operations are focused primarily in the United States and Canada;however,the company also explores for and produces oil and natural gas in select international
2、 areas.We also own natural gas pipelines,processing and treatment facilities in many of our producing areas,making us one of North Americas larger processors of natural gas liquids.Devon is included in the S&P 500 Index and trades on the New York Stock Exchange under the ticker symbol DVN.Letter to
3、Shareholders 2Chairman and CEO Larry Nichols reviews Devons best year as a public company.Insight 4We respond to questions concerning our business and operating strategies.Five-Year Highlights 6Being a good neighbor 8How we have improved lives in one Canadian community.Its about giving back 10Our em
4、ployees give back to their hometowns.Recognizing the essentials 12Devon is acting to reduce carbon emissions.Clean air and pure water 14We offer examples of our commitment to the environment.Everyday energy 16Petroleum-based products enhance our quality of life.Getting results 18A land owner comment
5、s on his experience with Devon.Developing our full potential 20We discuss significant projects and opportunities for growth.11-Year Property Data 24Operating Statistics by Area 25A reputation for safety 26A government official praises Devon as a safe operator.Property Highlights 28Index to Financial
6、s 33Directors and Senior Officers 110Glossary 112Investor Information and Stock Performance 113Commitment Runs DeepDear Fellow Shareholders:2007 was the best year in Devons 20-year history as a public company.We increased oil and natural gas production 12%to 224 million oil-equivalent barrels.This p