Devon Energy Reports Fourth-Quarter and Full-Year 2022 Results; Declares Quarterly Dividend and Raises Fixed Dividend by 11 Percent in 2023

Rhea-AI Summary

Devon Energy Corp. (NYSE: DVN) announced its financial results for Q4 and full year 2022, showcasing a strong operational performance driven by its extensive Delaware Basin assets. The company confirmed a quarterly dividend payment of $0.18 per share, reflecting its commitment to returning capital to shareholders. The earnings presentation and supplemental data are available on their Investor Relations website. A conference call is scheduled for February 15, 2023, to facilitate discussions with analysts and investors.

Positive

• Declared a quarterly dividend of $0.18 per share, signaling strong cash flow and commitment to shareholders.

Negative

• None.

OKLAHOMA CITY, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full year 2022. The company also declared its quarterly dividend. 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 (11:00 a.m. Eastern) on Wednesday, February 15, 2023, 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 premier 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 Contacts	Media Contact
Scott Coody, 405-552-4735	Lisa Adams, 405-228-1732
Chris Carr, 405-228-2496

FAQ

What was Devon Energy's dividend amount for Q4 2022?

Devon Energy declared a quarterly dividend of $0.18 per share for Q4 2022.

When is the conference call for Devon Energy's Q4 results?

The conference call is scheduled for February 15, 2023, at 10:00 a.m. Central Time.

What is the financial outlook for Devon Energy in 2023?

Specific financial guidance for 2023 can be found in the earnings presentation available on their Investor Relations website.

How is Devon Energy's operational performance in 2022?

Devon Energy reported strong operational performance driven by its Delaware Basin assets.