Devon Energy Reports Fourth-Quarter and Full-Year 2020 Financial and Operational Results

Rhea-AI Summary

Devon Energy Corp. (NYSE: DVN) announced its fourth-quarter and full-year 2020 financial results. The company boasts a robust cash-return model that emphasizes strong returns and free cash flow generation. Investors can access detailed financial data and the upcoming conference call scheduled for February 17, 2021, at 9:00 a.m. Central. Devon is recognized as a leading U.S. oil and gas producer with a significant position in the Delaware Basin, maintaining a focus on safe operations and shareholder returns.

Positive

• Strong cash-return business model aimed at high returns and free cash flow generation.
• Premier multi-basin portfolio with a world-class position in the Delaware Basin.

Negative

• None.

News Market Reaction – DVN

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In the trading session that priced this news, DVN gained 4.12%, reflecting a moderate positive market reaction.

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OKLAHOMA CITY, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth quarter and full year of 2020. 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. These materials will also be available on the Securities and Exchange Commission's website.

The company’s fourth-quarter conference call will be held at 9:00 a.m. Central (10:00 a.m. Eastern) on Wednesday, February 17, 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 were Devon Energy's financial results for Q4 2020?

Devon Energy reported its fourth-quarter financial results on February 16, 2021.

When is the Devon Energy investor conference call?

The investor conference call is scheduled for February 17, 2021, at 9:00 a.m. Central.

What is Devon Energy's focus as a company?

Devon Energy focuses on achieving strong returns, generating free cash flow, and returning capital to shareholders.

Where can I find more information on Devon Energy's financial results?

More details can be accessed via the Investor Relations section on Devon's website.