1、Devon Energy Corporation 2001 ANNUAL REPORTB a l a n c e d.6994pgcvr 6/21/04 11:28 AM Page 16994pgcvr 6/21/04 11:28 AM Page 21C o n t e n t sDevon Energy Corporation is engaged in oil and gas exploration,produc-tion and property acquisitions.Devon ranks among the top-five U.S.-based independent oil
2、and gas producers and is one of the largestindependent processors of natural gas and natural gas liquids in NorthAmerica.The company also has operations in selected internationalareas.Devon is included in the S&P 500 Index and its common sharestrade on the American Stock Exchange under the ticker sy
3、mbol DVN.Devons primary goal is to build value per share by:Exploring for undiscovered oil and gas reserves,Purchasing and exploiting producing oil and gas properties,Enhancing the value of our production through marketing and midstream activities,Optimizing production operations to control costs,an
4、d Maintaining a strong balance sheet.2Five-Year Highlights and Comparisons5Letter to ShareholdersChairman,President and CEO Larry Nichols reflects upon a year of challenges and accomplishments and shares his vision of Devons future.9Executive Q&A:ABalanced ViewSenior Devon executives answer Wall Str
5、eets questions.15Portfolio of Oil and Gas PropertiesDevon provides a narrative summary of each of the companys five explorationand production divisions.22Operating Statistics by Area and Eleven-Year Property Data24Key Property HighlightsWe pinpoint our signficant oil and gas properties,summarize rec
6、ent activity and share our plans for the future.29Financial Statements and Managements Discussion and Analysis93Biographies of Directors and Officers100Glossary of Terms101Investor Information and Common Stock Trading Data This annual report includes“forward-looking statements”as defined by the Secu