David A. Hager is the CEO of Devon Energy Corporation, a role he has held since August 1, 2015. He joined Devon in 2009 as Executive Vice President for Exploration and Production before moving up to COO. Hager's journey in...
David A. Hager is the CEO of Devon Energy Corporation, a role he has held since August 1, 2015. He joined Devon in 2009 as Executive Vice President for Exploration and Production before moving up to COO. Hager's journey in the oil and gas industry began as a geophysicist at Mobil Corp, and he later played key roles at Oryx Energy and Kerr-McGee. He has shown leadership through difficult commodity price environments, helping to enhance Devon's financial standing, including significant cost reductions and asset divestitures. In 2023, his total compensation was around $4.7 million, with a strong portion coming from stock awards that demonstrate his commitment to the company's success. Interestingly, in the early months of 2022, Hager's holdings peaked at approximately $69 million, showcasing investor confidence. His business education includes a Bachelor's in Geology from Purdue University and an MBA from Southern Methodist University. Recently, he joined MRC Global’s Board of Directors in March 2024, highlighting his ongoing influence in the energy sector.