Welcome to our dedicated page for Devon Energy news (Ticker: DVN), a resource for investors and traders seeking the latest updates and insights on Devon Energy stock.
Devon Energy Corporation reports developments tied to its U.S. oil and gas production business, with a diversified multi-basin portfolio headlined by the Delaware Basin. Recurring updates include quarterly operating and financial results, production outlooks, cash-return and capital-allocation themes, safe and sustainable operations, shareholder votes, governance matters and material agreements.
News also covers capital-structure developments and completed corporate transactions, including the Coterra merger, under which Coterra became a direct wholly owned subsidiary of Devon.
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.
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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.