Devon Energy

WPX Energy,
Oklahoma City, Oklahoma
Energy

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Devon Energy scored an 80 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Devon Energy forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Devon Energy vets vendors for LGBTQ policies and does not provide viewpoint protections for its employees. However, it has not publicly terminated business relationships based on views or beliefs. The company covers transgender-related medical costs for its employees and their children. Devon discriminates against religious organizations in its charitable giving. However, it has not used its reputation or political contributions for ideological purposes. For these reasons, Devon Energy receives a Medium Risk rating.

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Board Bias

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CEO of Devon Energy

Rick Muncrief

Rick Muncrief

Summary:

Headquartered in Oklahoma City, Oklahoma, Devon Energy is a member of the Fortune 250 operating in the Energy industry. Rick Muncrief and Barbara M. Baumann serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $3,300 to Republican causes and $11,450 to Democratic causes. Under their tenure, Devon Energy currently holds a 'Medium Risk' risk rating.

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Political Contributions of Leadership:

$3,300

$11,450

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/7/23GovernanceJohn CheveddenGive the Owners of 10% of Common Stock the Power to Call a Special Shareholder MeetingAgainst36.10%
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