Welcome to our dedicated page for Devon Energy news (Ticker: DVN), a resource for investors and traders seeking the latest updates and insights on Devon Energy stock.
Devon Energy Corp (DVN) is a leading independent oil and natural gas exploration company focused on strategic North American shale plays. This page serves as the definitive source for all official press releases, financial announcements, and operational updates from the energy producer.
Investors and industry professionals will find timely updates on earnings reports, acquisition activities, and production developments. The curated news collection provides insights into Devon's multi-basin strategy, capital discipline initiatives, and technological innovations driving operational efficiency.
Key updates include quarterly financial results, merger and partnership announcements, regulatory filings, and executive leadership communications. All content is sourced directly from Devon Energy's corporate communications to ensure accuracy and reliability.
Bookmark this page for streamlined access to Devon Energy's latest developments. Monitor evolving market positions and strategic decisions shaping one of the energy sector's most disciplined operators.
Devon Energy (NYSE: DVN) has announced a comprehensive business optimization plan aimed at delivering $1 billion in annual pre-tax free cash flow improvements by the end of 2026. The initiative, unveiled by CEO Clay Gaspar, will focus on enhancing margins and capital efficiency across multiple areas.
The plan consists of four main components:
- Capital Efficiency ($300M) through design optimization and vendor management
- Production Optimization ($250M) using advanced analytics
- Commercial Opportunities ($300M) by enhancing contracts and lowering costs
- Corporate Cost Reductions ($150M) via interest expense reduction
The company expects to achieve 30% of the targeted improvements (approximately $300 million) by year-end 2025, with the remaining benefits realized by the end of 2026. Devon will provide additional details during its first-quarter 2025 earnings call on May 7, 2025.
WaterBridge has launched an open season for the construction of the Speedway Pipeline, consisting of dual 30-inch pipelines that will connect the Northern Delaware Basin to the Central Basin Platform. The project aims to transport produced water from Eddy and Lea counties to pore space owned by LandBridge Company (NYSE: LB).
The open season runs from April 1, 2025, to May 1, 2025. The pipeline system will access approximately 1 million bpd of approved capacity on the Central Basin Platform, providing access to over 4 million bpd of contiguous pore space. The project, scheduled for completion in Q4 2025, addresses rising pore pressures in high-activity areas and aims to enhance flow assurance and redundancy for customers.
Devon Energy (NYSE: DVN) has announced its schedule for first-quarter 2025 earnings release and conference call. The company will release its Q1 2025 results on Tuesday, May 6, 2025, after U.S. financial markets close. The earnings release and presentation will be accessible on Devon's website.
A conference call is scheduled for Wednesday, May 7, 2025, at 10 a.m. CDT (11 a.m. EDT), focusing primarily on addressing questions from analysts and investors. The call will be accessible via webcast on Devon's website, with a replay available afterward.
Devon Energy (NYSE: DVN) announced that board member John Krenicki Jr. will retire at the end of his current term and won't seek re-election at the company's annual stockholders meeting scheduled for June 4, 2025. Krenicki, who has served on Devon's board since 2018, will focus on his full-time responsibilities as Vice Chairman at private equity firm CD&R.
During his tenure, Krenicki provided strategic guidance for key corporate initiatives, notably contributing to the transformative merger between Devon and WPX Energy in 2021. Devon's Chairman John Bethancourt acknowledged Krenicki's distinguished service and contributions to the company's board.
Devon Energy (NYSE: DVN) has released its financial and operational results for the fourth quarter of 2024. The company has also announced its quarterly dividend and provided guidance for 2025. The earnings details, supplemental financial information, and outlook are available through Devon's website in the Investor Relations section. The company has scheduled a conference call for February 19, 2025, at 10:00 a.m. Central time (11:00 a.m. Eastern time), which will primarily focus on addressing questions from analysts and investors.
WaterBridge has announced long-term commercial agreements with BPX Energy to support development in the Delaware Basin. WaterBridge will construct and operate 400MBbls/d of new produced water handling capacity over the next three years, with potential expansion to 600MBbls/d. This agreement includes a 10-year minimum volume commitment by BPX Energy.
WaterBridge’s affiliate relationship with LandBridge Company enables sustainable development, leveraging over 273,000 surface acres in the Delaware Basin. The agreements include constructing a large-diameter gathering and transportation system to efficiently transport water from BPX Energy’s development sites in Reeves County, Texas.
WaterBridge’s CEO, Jason Long, emphasized the strategic expansion of their relationship with BPX Energy, highlighting their resources and scalable infrastructure. BPX Energy’s CEO, Kyle Koontz, praised WaterBridge’s operational expertise and sustainable water solutions. Michael Reitz, COO of WaterBridge, noted the importance of surface access and their ability to disperse water volumes across a broad area.
Devon Energy (NYSE: DVN) announced key updates to its executive leadership team. John Raines has been promoted to Senior Vice President, E&P Asset Management from his previous role as Vice President, Delaware Basin. Trey Lowe has been elevated to Senior Vice President and Chief Technology Officer, previously serving as Vice President and CTO.
Additionally, Tom Hellman joins Devon as Senior Vice President, E&P Operations, bringing over 30 years of industry experience, most recently from Marathon Oil where he served as Vice President, Operations for Permian and Oklahoma assets.
The appointments were announced by Clay Gaspar, Devon's incoming CEO, who expressed confidence in the leadership capabilities and industry expertise of all three executives.
Devon Energy (NYSE: DVN) has announced its schedule for the release of fourth-quarter and full-year 2024 financial results. The company will publish its earnings report on Tuesday, February 18, 2025, after U.S. financial markets close. The earnings release and presentation will be accessible on Devon's website.
Following the release, Devon will host a conference call on Wednesday, February 19, at 10 a.m. CST (11 a.m. EST), primarily focused on addressing questions from analysts and investors. A webcast of the conference call will be available on the company's website, along with a replay option for those unable to attend the live session.
Devon Energy (NYSE: DVN) has announced that President and CEO Rick Muncrief, 66, will retire effective March 1, 2025. The board has appointed current Chief Operating Officer Clay Gaspar to succeed Muncrief as President, CEO, and board member.
Board chair John Bethancourt praised Muncrief's 45-year industry career and his contributions since the WPX Energy merger in 2021. Gaspar's appointment results from a comprehensive succession planning process, with the board expressing confidence in his experience and vision to create additional long-term shareholder value.
The company confirmed that its strategic objectives will remain unchanged during this leadership transition.
Devon Energy (NYSE: DVN) has released its third-quarter 2024 financial and operational results. The company declared a quarterly dividend and updated its 2024 outlook. Detailed earnings release, supplemental financial tables, and related earnings presentation are available on Devon's website. A conference call for analysts and investors will be held on Nov. 6, 2024, at 10:00 a.m. Central time. The call will mainly address questions from analysts and investors.
