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 Corp (DVN) is a leading independent oil and natural gas exploration company focused on strategic North American shale plays. This page serves as the definitive source for all official press releases, financial announcements, and operational updates from the energy producer.
Investors and industry professionals will find timely updates on earnings reports, acquisition activities, and production developments. The curated news collection provides insights into Devon's multi-basin strategy, capital discipline initiatives, and technological innovations driving operational efficiency.
Key updates include quarterly financial results, merger and partnership announcements, regulatory filings, and executive leadership communications. All content is sourced directly from Devon Energy's corporate communications to ensure accuracy and reliability.
Bookmark this page for streamlined access to Devon Energy's latest developments. Monitor evolving market positions and strategic decisions shaping one of the energy sector's most disciplined operators.
Devon Energy (NYSE: DVN) has announced that President and CEO Rick Muncrief, 66, will retire effective March 1, 2025. The board has appointed current Chief Operating Officer Clay Gaspar to succeed Muncrief as President, CEO, and board member.
Board chair John Bethancourt praised Muncrief's 45-year industry career and his contributions since the WPX Energy merger in 2021. Gaspar's appointment results from a comprehensive succession planning process, with the board expressing confidence in his experience and vision to create additional long-term shareholder value.
The company confirmed that its strategic objectives will remain unchanged during this leadership transition.
Devon Energy (NYSE: DVN) has released its third-quarter 2024 financial and operational results. The company declared a quarterly dividend and updated its 2024 outlook. Detailed earnings release, supplemental financial tables, and related earnings presentation are available on Devon's website. A conference call for analysts and investors will be held on Nov. 6, 2024, at 10:00 a.m. Central time. The call will mainly address questions from analysts and investors.
Devon Energy Corp. (NYSE: DVN) has announced its schedule for the release of third-quarter 2024 earnings and the subsequent conference call. The company will report its Q3 2024 results on Tuesday, November 5, after U.S. financial markets close. Both the earnings release and presentation will be made available on Devon's official website. Following this, on Wednesday, November 6, at 10 a.m. CST (11 a.m. EST), Devon will host a conference call primarily focused on addressing questions from analysts and investors. A webcast link for the conference call will be provided on the company's website, along with a replay option available after the call.
Devon Energy Corp. (NYSE: DVN) released its financial and operational results for Q2 2024 on Aug. 06, 2024. Key highlights include earnings, updates to 2024 guidance, and a declared quarterly dividend. Detailed results and supplementary information are available on their website. A conference call for analysts and investors is scheduled for Aug 7, 2024, at 10:00 a.m. Central (11:00 a.m. Eastern).
Devon Energy (NYSE: DVN) has released its 2024 Sustainability Report, showcasing the company's commitment to sustainable practices while delivering industry-leading results. The report highlights Devon's progress in emissions reduction, methane emissions reporting, and water recycling.
Key accomplishments include:
- Advancing towards all emissions reduction targets
- Receiving the 'Gold Standard Pathway' for methane emissions reporting
- Increasing recycled water usage by 15% compared to 2022
- Investing $1.2 million in STEM education
- Addressing safety challenges comprehensively
CEO Rick Muncrief emphasized the importance of integrating sustainable practices into Devon's core strategy to meet global energy demands responsibly.
Devon Energy (NYSE: DVN) announced a $5 billion acquisition of Grayson Mill Energy's Williston Basin business, paying $3.25 billion in cash and $1.75 billion in stock. The deal, expected to close by Q3 2024, is aimed at expanding Devon's oil production and operational scale, projecting an average of 375,000 barrels per day of oil production. The acquisition, which adds 307,000 net acres and a production of 100,000 Boe/day, is anticipated to provide immediate financial benefits and enhance shareholder returns, including a 67% increase in share repurchase authorization to $5 billion. The company's net debt-to-EBITDAX ratio is expected to remain strong at 1.0 times post-acquisition. Additionally, Devon plans to allocate up to 30% of annual free cash flow to debt reduction over the next two years.
Devon Energy Corp. (NYSE: DVN) announced it will release its second-quarter 2024 earnings on Tuesday, August 6, after U.S. financial markets close. The earnings release and related presentation will be accessible on the company's website. Additionally, a conference call to discuss the results will be held on Wednesday, August 7, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The call will primarily address questions from analysts and investors, and a webcast link will be available on Devon's website. A replay of the conference call will also be made available online.
Devon Energy Corp. (NYSE: DVN) has appointed John Bethancourt as the independent chair of its board of directors, effective July 1, 2024. Bethancourt, who joined Devon's board in 2014 and has extensive experience in the energy sector, succeeds Barbara Baumann. Baumann will remain on the board and join the compensation and governance committees. Rick Muncrief, president and CEO, emphasized Bethancourt's leadership and strategic insight, which have been instrumental in shaping the company. Bethancourt's background includes various roles at Chevron and Texaco, with expertise in human resources, environmental issues, and energy infrastructure. This appointment underscores Devon's commitment to separating chair and CEO roles, enhancing governance practices.
Devon Energy Corp. (NYSE: DVN) reported financial and operational results for the first-quarter 2024, declared its quarterly dividend, and provided an updated outlook for 2024. The company's earnings release and guidance can be accessed on its website. A conference call is scheduled for May 2, 2024.
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