Welcome to our dedicated page for Devon Energy Corporation news (Ticker: DVN), a resource for investors and traders seeking the latest updates and insights on Devon Energy Corporation stock.
Devon Energy Corporation (NYSE: DVN) is a top-tier independent oil and natural gas exploration and production company. Headquartered in Oklahoma City, Devon boasts premier positions in North America's most prolific plays, including the Permian Basin, Eagle Ford, and Canada's oil sands. With a reported net production averaging approximately 658,000 barrels of oil equivalent per day in 2023, Devon’s operations significantly contribute to North America's energy supply. The company’s portfolio reported net proved reserves of 1.8 billion barrels of oil equivalent at the end of 2023, with a production mix of 73% oil and natural gas liquids and 27% natural gas.
Devon’s business model emphasizes entrepreneurialism, innovation, leadership, and collaboration, which drive its mission to meet North America's growing energy demands. The company is a staple in the US energy sector, listed on the Fortune 500 and recognized as one of the Fortune 100 Best Companies to Work For. It is also a respected employer in Canada, featured on the Best Workplaces in Canada list by the Globe and Mail.
Recent achievements include a strategic partnership with WaterBridge NDB to form NDB Midstream LLC, creating the largest private water infrastructure system in the Delaware Basin. This partnership enhances Devon's water management capabilities, supporting its drilling plans and water reuse operations. Devon also maintains a robust financial position, ensuring sustainable operations and capital returns to shareholders.
Devon's core business lies in oil and gas production, with significant acreage in the Permian Basin, Anadarko, Eagle Ford, and Bakken basins. The company focuses on maximizing asset development through a disciplined cash-return business model, aiming to generate free cash flow and strong returns for investors. Recent developments also highlight Devon's commitment to sustainable practices and innovation in the energy sector.
For career opportunities and more information, visit Devon Energy Careers.
Devon Energy Corp. (NYSE: DVN) reported its fourth-quarter 2021 financial results on February 15, 2022. The company emphasized its position as a leading oil and gas producer in the U.S., showcasing its multi-basin portfolio, particularly in the Delaware Basin. Devon highlighted its disciplined cash-return model aimed at generating strong returns and free cash flow while ensuring sustainable operations. For detailed insights, stakeholders can access the full earnings report and upcoming conference call details from the Investor Relations section on their website.
Devon Energy Corp. (NYSE: DVN) will report its fourth-quarter and full-year 2021 results on February 15, 2022, after U.S. markets close. The earnings release and presentation will be available on its website. A conference call will follow on February 16 at 10:00 a.m. CT (11:00 a.m. ET), focusing on analyst and investor inquiries. Devon is recognized as a top oil and gas producer in the U.S., with significant operations in the Delaware Basin. The company emphasizes a disciplined cash-return model aimed at generating free cash flow and returning capital to shareholders.
Devon Energy Corporation (NYSE: DVN) has extended the expiration date for its exchange offers until December 29, 2021, at 5:00 p.m. ET. The offers involve exchanging up to $224 million of 8.250% Senior Notes due 2023, $465 million of 5.250% Senior Notes due 2024, $378 million due 2027, $322 million due 2028, and $574 million due 2030 for equal amounts of outstanding notes. As of December 20, 2021, approximately $223.98 million of the Old 2023 Notes and similar amounts of other notes have been tendered. No proceeds will be received from these exchange offers.
Devon Energy Corp. (NYSE: DVN) reported a significant 71% increase in its fixed-plus-variable dividend, raising it to $0.84 per share. This dividend, based on third-quarter performance, will be payable on Dec. 30, 2021. The company has also authorized a $1.0 billion share repurchase program, equivalent to 4% of its market capitalization, reinforcing its commitment to return capital to shareholders. Devon plans to retire $1.0 billion in debt to enhance its balance sheet strength.
Devon Energy Corp. (NYSE: DVN) released its third-quarter financial results on Nov. 2, 2021. The company emphasized its disciplined cash-return model aimed at delivering strong returns and generating free cash flow. Devon holds a premier multi-basin portfolio, particularly in the Delaware Basin, focusing on safe and sustainable operations.
The third-quarter conference call is scheduled for Nov. 3, 2021, at 10:00 a.m. Central to address analyst and investor inquiries.
Devon Energy Corp. (NYSE: DVN) has scheduled its third-quarter 2021 earnings report for Tuesday, Nov. 2, after U.S. market close. The earnings release and presentation will be accessible on the company’s website. Following this, a conference call will take place on Wednesday, Nov. 3, at 10:00 a.m. CT to address questions from analysts and investors. Devon Energy is recognized as a leading U.S. oil and gas producer, focusing on strong cash returns, free cash flow generation, and capital returns to shareholders.
Devon Energy Corp. (NYSE: DVN) announced a fixed-plus-variable dividend of $0.49 per share, reflecting a 44% increase from the previous quarter. The breakdown includes a fixed dividend of $0.11 and a variable dividend of $0.38, with payments set for September 30, 2021. This marks the third consecutive quarter of increased dividend payouts, demonstrating the company's commitment to returning capital to shareholders. The dividend strategy aims to provide a sustainable income through varying cash flows.
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.
Devon Energy Corp. (NYSE: DVN) will report its second-quarter 2021 results on August 3 after market close. An earnings release and presentation will be available on the company's website. Following this, a conference call for analysts and investors is scheduled for August 4 at 10:00 a.m. Central Time. Devon Energy is recognized as a leading U.S. oil and gas producer with a strong emphasis on free cash flow generation and capital return to shareholders, particularly focusing on safe and sustainable operations.
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