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) announced its financial and operational results for Q3 2020 on October 29, 2020. The earnings report, including supplemental financial tables and updated guidance, is accessible via the Investor Relations section of Devon's website. A conference call for analysts and investors is scheduled for October 30, 2020, at 9:30 a.m. Central. Devon Energy, based in Oklahoma City, is a prominent independent energy company engaged in oil and natural gas production, focusing on capital-efficient cash-flow growth.
Devon Energy Corp. (NYSE: DVN) will report its third-quarter 2020 results on October 29, 2020, after U.S. markets close. The earnings release and presentation will be available on their website. A conference call for analysts and investors will follow on October 30 at 9:30 a.m. Central Time. Devon, based in Oklahoma City and part of the S&P 500, focuses on oil and natural gas production, emphasizing capital-efficient cash-flow growth and strong returns.
Devon Energy Corp. (NYSE: DVN) has declared a quarterly cash dividend of $0.11 per share for the fourth quarter of 2020. This dividend is scheduled for payment on December 30, 2020, with a record date of December 11, 2020. As a prominent player in the energy sector, Devon focuses on oil and natural gas production across various prolific U.S. regions, striving for capital-efficient cash-flow growth and impressive corporate-level returns.
Devon Energy Corp. (NYSE: DVN) announced its financial and operational results for Q2 2020. The company maintains strong operations in oil and natural gas production across several U.S. plays, with a focus on capital-efficient growth. Key details about earnings and further financial insights can be accessed via the Investor Relations section on their website. A conference call for analysts and investors is scheduled for August 5, 2020, at 10 a.m. Central, to address questions regarding the company's performance.
Devon Energy announced an early closing for its Barnett Shale divestiture, moving the date to October 1, 2020, from December 31, 2020. The company will receive a net cash payment exceeding $300 million and offer contingent cash payments up to $260 million based on future commodity prices. A $100 million special dividend of $0.26 per share will be distributed to shareholders on October 1, 2020. Devon aims to achieve $300 million in sustainable cash cost savings by year-end and intends to repurchase up to $1.5 billion in debt to save approximately $75 million in annual interest.
Devon Energy Corp. (NYSE: DVN) will report its second-quarter 2020 results on August 4, 2020, after U.S. markets close. The earnings release and presentation will be accessible on the company’s website. A conference call for analysts and investors is scheduled for August 5, 2020, at 10 a.m. CT, with a replay available afterward. Devon is recognized as a leading independent energy company in the U.S., focusing on oil and natural gas production and emphasizing capital-efficient cash-flow growth.
Devon Energy Corp. (NYSE: DVN) announced a quarterly cash dividend of $0.11 per share for Q3 2020. The dividend is payable on September 30, 2020, with a record date of September 14, 2020. Devon operates as a leading independent energy company focused on oil and natural gas production, emphasizing strong returns and efficient cash-flow growth. As part of the S&P 500, the company continues to engage in several prolific oil and gas plays across the U.S.
Devon Energy Corp. (NYSE: DVN) will present at the J.P. Morgan Energy, Power & Renewables Conference on June 16, 2020, at 1:40 p.m. ET. The event's presentation, which will include forward-looking information, is accessible via a live webcast available on Devon's website. Devon Energy is a prominent independent energy company based in Oklahoma City, engaging in oil and natural gas production. The company aims for strong corporate-level returns and capital-efficient cash flow growth.
Devon Energy Corp. (NYSE: DVN) has announced changes to its 2020 Annual Meeting of Stockholders in response to COVID-19 concerns. The meeting will now be held on June 3, 2020, at 1 p.m. CT in a virtual-only format, shifting from its original 8 a.m. CT time. The Devon Energy Center remains closed to the public. Stockholders with shares as of April 6, 2020, can participate via a webcast using their proxy information. The meeting format is designed to ensure participation rights comparable to an in-person event.
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