Devon Energy Reports Second-Quarter 2021 Financial and Operational Results

Rhea-AI Summary

Devon Energy Corp. (NYSE: DVN) released its financial results for Q2 2021, showcasing a robust cash-return business model. The company highlights its leadership in the U.S. oil and gas sector, with a strong focus on generating free cash flow and returning value to shareholders. Devon’s premier position in the Delaware Basin contributes significantly to its operational success. The upcoming conference call on Aug. 4, 2021, will facilitate discussions with analysts and investors regarding the company’s performance and future strategies.

Positive

• Strong cash-return business model aimed at achieving robust returns.
• Focus on generating free cash flow for shareholder value.
• Premier acreage position in the Delaware Basin enhances operational strength.

Negative

• None.

OKLAHOMA CITY, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second quarter of 2021. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.

The company’s second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Wednesday, Aug. 4, 2021, 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 are the financial results of Devon Energy for Q2 2021?

Devon Energy reported strong financial results in Q2 2021, emphasizing its cash-return business model and operational efficiency.

When is the Devon Energy Q2 2021 conference call?

The conference call for Q2 2021 will be held on Aug. 4, 2021, at 10:00 a.m. Central (11:00 a.m. Eastern).

What is Devon Energy's focus in its business model?

Devon Energy focuses on generating free cash flow, returning capital to shareholders, and maintaining safe operations.

How does Devon Energy rank in the oil and gas sector?

Devon Energy is a leading oil and gas producer in the U.S., with significant operational strength in multi-basin portfolios.