Richard E. Muncrief is the current President and CEO of Devon Energy Corporation, a major player in the U.S. oil and gas industry. He has a background in business administration and joined Devon following its merger with WPX Energy in...
Richard E. Muncrief is the current President and CEO of Devon Energy Corporation, a major player in the U.S. oil and gas industry. He has a background in business administration and joined Devon following its merger with WPX Energy in January 2021, where he previously served as CEO. Under his leadership, Devon has focused on becoming a top unconventional oil producer, primarily in the Delaware Basin, the most prolific oil region in the U.S. Richard's leadership style emphasizes the importance of safety, environmental responsibility, and community engagement. He has been instrumental in driving down emissions and integrating environmental, social, and governance (ESG) factors into the company’s strategy. In 2023, his total compensation was approximately $14.9 million, highlighting a successful alignment with Devon's performance metrics, which aim to boost free cash flow and shareholder returns. Muncrief has made significant personal investments in Devon, with his stock holdings reaching as high as $105 million at one point, showcasing his confidence in the company's future.