Devon Energy Reports Fourth-Quarter 2024 Results and Declares and Raises Quarterly Dividend

Rhea-AI Summary

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.

Insights

Financial Analyst

This press release is purely procedural, announcing Devon Energy's upcoming Q4 2024 earnings call scheduled for tomorrow. While it mentions both quarterly results and a dividend change, it notably omits any specific financial figures or the magnitude of the dividend adjustment. This type of announcement typically serves as a placeholder and rarely moves markets, as investors must wait for the actual earnings call to access meaningful data about the company's performance. The real market impact, if any, will likely occur after the detailed financial results and specific dividend figures are disclosed during tomorrow's conference call. Without concrete numbers, this announcement provides no basis for assessing Devon's operational performance or the materiality of the dividend change.

OKLAHOMA CITY, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter 2024. The company also declared its quarterly dividend and provided a 2025 outlook. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.

The company’s fourth-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Feb. 19, 2025, and will serve primarily as a forum for analyst and investor questions and answers.

ABOUT DEVON ENERGY

Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

Investor Contact                  investor.relations@dvn.com 405-228-4450	Media Contact Michelle Hindmarch, 405-552-7460

This press release was published by a CLEAR® Verified individual.

FAQ

When will Devon Energy (DVN) host its Q4 2024 earnings call?

Devon Energy will host its Q4 2024 earnings call on Wednesday, February 19, 2025, at 10:00 a.m. Central time (11:00 a.m. Eastern time).

Where can investors find Devon Energy's (DVN) Q4 2024 financial results?

Investors can access Devon Energy's Q4 2024 financial results, supplemental tables, and guidance through the Investor Relations section of their website at www.devonenergy.com.

What information did Devon Energy (DVN) include in its Q4 2024 announcement?

Devon Energy's Q4 2024 announcement included financial and operational results, quarterly dividend declaration, and 2025 outlook guidance.

What is the format of Devon Energy's (DVN) Q4 2024 earnings call?

The earnings call will primarily serve as a forum for analyst and investor questions and answers.