Devon Energy Reports First-Quarter 2022 Financial and Operational Results

Devon Energy Corp. (NYSE: DVN) released its financial results for Q1 2022, highlighting its robust operational performance amidst a challenging market.

Rhea-AI Summary

Devon Energy Corp. (NYSE: DVN) released its financial results for Q1 2022, highlighting its robust operational performance amidst a challenging market. The company continues to focus on sustainable operations and achieving significant free cash flow. An earnings conference call is scheduled for May 3, 2022, aimed at addressing investor inquiries. Devon maintains a strong presence in the U.S. oil and gas sector with a diverse multi-basin portfolio, particularly in the Delaware Basin.

Positive

• Strong operational performance in Q1 2022.
• Focus on sustainable operations and cash-return business model.
• Continued generation of free cash flow.

Negative

• None.

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OKLAHOMA CITY, May 02, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first quarter of 2022. 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 first-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Tuesday, May 3, 2022, 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Devon Energy's Q1 2022 results?

Devon Energy reported strong operational performance in Q1 2022, emphasizing its focus on sustainable operations and free cash flow generation.

When is Devon Energy's Q1 2022 earnings call?

Devon Energy's Q1 2022 earnings call is scheduled for May 3, 2022, at 10:00 a.m. Central.

What is Devon Energy's business model?

Devon Energy operates under a cash-return business model aimed at generating strong returns and returning capital to shareholders.

Where is Devon Energy's primary location of operations?

Devon Energy's primary operations are in the U.S., notably in the Delaware Basin, which is part of its multi-basin portfolio.