Devon Energy Corp Stock Price, News & Analysis

Devon Energy and WPX Energy have completed an all-stock merger, forming a prominent U.S. energy producer focused on the Delaware Basin. Devon Energy, based in Oklahoma City, aims to enhance cash flow generation and shareholder returns through this merger. WPX shareholders received 0.5165 shares of Devon common stock for each share owned, and WPX will no longer trade on the NYSE. The new board comprises 12 members, with David Hager as executive chairman. This merger is expected to strengthen Devon's market position and operational efficiency.

Devon Energy and WPX Energy have successfully completed their all-stock merger, creating a leading energy producer focused on the Delaware Basin. The merger enhances operational scale and accelerates Devon's cash-return model, emphasizing free cash flow and shareholder returns. WPX shareholders received 0.5165 shares of Devon common stock for each WPX share. The new board comprises 12 members, led by David A. Hager. Devon aims to leverage its superior asset base and operational capabilities for long-term financial success.

Devon Energy and WPX Energy announced shareholder approval for their all-stock merger, set to close on January 7, 2021. Over 70% of Devon's and 87% of WPX's shares were represented, with 99% of votes favoring the merger. This merger aims to enhance free cash flow growth and deliver shareholder returns, establishing a strong presence in the U.S. oil market. WPX shareholders will receive 0.5165 shares of Devon stock for each WPX share. The companies are focused on creating synergies and maximizing business opportunities post-merger.

Devon Energy Corp. (NYSE: DVN) has declared a quarterly cash dividend of $0.11 per share for the first quarter of 2021. This dividend will be payable on March 31, 2021, to shareholders on record as of March 15, 2021. The company focuses on oil and natural gas production, operating in key regions across the U.S. Devon aims for robust returns and capital-efficient cash flow growth.

Devon Energy Corp. (NYSE: DVN) will present at the BofA Securities Global Energy Conference on November 11, 2020, at 4:00 p.m. ET. The presentation will be available via webcast and will include forward-looking information. Attendees can access the webcast on Devon's official website. Devon Energy, based in Oklahoma City, is a leading independent energy company focused on oil and natural gas production, operating in key U.S. energy plays, and is a member of the S&P 500.

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.