UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 13F


                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2004

Check here if Amendment    [ ] Amendment Number:

This Amendment:            [ ] is a restatement
                           [ ] adds new holdings entries.

Institutional Investment Manager Filing This Report:

Name:           Devon Energy Corporation
Address:        20 North Broadway
                Oklahoma City, OK 73102-8260

Form 13F File Number:      028-05117

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:           Janice A. Dobbs
Title:          Corporate Secretary
Phone:          (405) 552-7844

Signature, Place, and Date of Signing:

/s/ Janice A. Dobbs                Oklahoma City, OK              May 7, 2004
----------------------             -----------------              ------------
Signature                          City, State                         Date

Report Type:

[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT




                              FORM 13F SUMMARY PAGE


REPORT SUMMARY:

Number of other included Managers                    0

Form 13F Information Table Entry Total:              1

Form 13F Information Table Value Total:              $622,573,418

List of Other Included Managers:                     NONE





                           FORM 13F INFORMATION TABLE





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COLUMN 1           COLUMN 2      COLUMN 3      COLUMN 4     COLUMN 5                COLUMN 6       COLUMN 7     COLUMN 8
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NAMES OF           TITLE OF                    VALUE        SHRS/     SH/   PUT/    INVESTMENT     OTHER        VOTING AUTHORITY
ISSUER             CLASS         CUSIP         [x$1000]     PRN AMT   PRN   CALL    DISCRETION     MANAGERS     SOLE   SHARED   NONE
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ChevronTexaco
Corporation        Common        166764100     622,573      7,092,429  SH           SOLE