| CEO Name | Richard E. Muncrief |
| Nationality | United States |
| Net Worth Estimation | $50 million |
Richard E. Muncrief's estimated net worth of around $50 million stems from his executive compensation, stock awards, and long-term equity incentives at Devon Energy Corporation, as well as previous leadership roles at WPX Energy. His accumulating stock holdings and cash bonuses are key contributors to this valuation.
Richard E. Muncrief, CEO of Devon Energy Corporation, has an estimated net worth of $50,000,000. This amount represents approximately 6.3% of the maximum and 5000% of the minimum net worth specified for CEOs in the energy sector.
Business Category: Energy
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 800000000 USD
Richard E. Muncrief Performance in Devon Energy Corporation
Richard E. Muncrief, CEO of Devon Energy Corporation, demonstrates strategic leadership by driving innovation and operational efficiency in the energy sector. His decision-making emphasizes sustainable growth, portfolio optimization, and disciplined capital allocation, significantly enhancing shareholder value. Under Muncrief's leadership, Devon Energy has improved financial performance, expanded its resource base, and strengthened its position as a leading independent oil and natural gas producer.
Latest News
Devon Energy Names Clay Gaspar as New CEO, Following Rick Muncrief's Retirement
Rick Muncrief retired as CEO of Devon Energy Corporation on March 1, 2025, and was succeeded by Chief Operating Officer Clay Gaspar, who aims to continue the company's focus on operational excellence and sustainable shareholder returns. The leadership transition is part of a planned succession strategy at the Oklahoma City-based oil and gas producer, highlighted by recent strong financial performance and a focus on driving value through strategic management.
Source: http://www.devonenergy.com/news/2025/Devon-Energy-Reports-Second-Quarter-2025-Results-and-Declares-Quarterly-Dividend