Devon Energy Corp Stock Price, News & Analysis

Devon Energy has announced a $10 million strategic investment in Fervo Energy, marking a significant partnership in the geothermal sector. This investment leverages Devon’s over 50 years of experience in oil and gas, aimed at enhancing geothermal technology. Fervo Energy has pioneered horizontal well drilling for geothermal production, utilizing advanced techniques developed by Devon. This collaboration will potentially unlock new sources of renewable energy, positioning geothermal as a reliable 24/7 energy option. Devon's investment aligns with its strategy for new energy ventures, reflecting confidence in the geothermal industry’s growth.

On April 11, 2023, Devon Energy Corp. (NYSE: DVN) announced it will report its first-quarter 2023 results on May 8, post-market close. The earnings report and presentation will be accessible on the company’s website. A conference call is scheduled for May 9 at 10:00 a.m. Central Time, where analysts and investors can ask questions. The call will be available via a webcast and a replay will be posted after the event. Devon Energy is recognized as a leading U.S. oil and gas producer, notably in the Delaware Basin, with a focus on disciplined cash-return strategies that aim to generate strong returns and free cash flow, while ensuring sustainable operations.

Devon Energy Corp. (NYSE: DVN) announced its financial results for Q4 and full year 2022, showcasing a strong operational performance driven by its extensive Delaware Basin assets. The company confirmed a quarterly dividend payment of $0.18 per share, reflecting its commitment to returning capital to shareholders. The earnings presentation and supplemental data are available on their Investor Relations website. A conference call is scheduled for February 15, 2023, to facilitate discussions with analysts and investors.

Devon Energy (DVN) will report its fourth-quarter and full-year 2022 results on February 14, 2023, after U.S. markets close. The financial release and presentation will be accessible on the company's website. Following the results, a conference call will occur on February 15 at 10:00 a.m. CT, primarily addressing questions from analysts and investors. A webcast link and a replay will be available on Devon's website for those unable to attend live.

Devon Energy (NYSE: DVN) announced a 2% reduction in fourth-quarter production, equivalent to 15,000 oil-equivalent barrels (Boe) per day, primarily due to severe winter weather. This adjustment is expected to limit average production to 636,000 Boe daily, including 316,000 barrels of oil. The most significant impact occurred in the Williston Basin, where weather led to well shut-ins and delays. However, the company has restored production and anticipates that downtime will be confined to the fourth quarter.

Devon Energy Corp. (NYSE: DVN) announced the appointment of Michael Mears and Gennifer Kelly to its board of directors, effective January 3, 2023. Mears, former chairman, president, and CEO of Magellan Midstream Partners, brings extensive management experience, while Kelly has 25 years in the oil and gas sector, including leadership roles at Western Midstream Partners and Anadarko Petroleum. With Dave Hager retiring as board chair, the board will consist of 12 members, with 10 being independent. These appointments aim to enhance Devon's strategic direction and shareholder value.

Devon Energy Corp. (NYSE: DVN) announced its financial and operational results for Q3 2022. The company is recognized as a leading oil and gas producer in the U.S., particularly noted for its strong position in the Delaware Basin. Devon's disciplined cash-return business model aims to deliver robust returns, generate free cash flow, and return capital to shareholders while maintaining safe operations. The Q3 conference call for analysts and investors is scheduled for November 2, 2022, at 10:00 a.m. Central Time.

Devon Energy Corp. (NYSE: DVN) declared a $1.35 fixed-plus-variable dividend per share, marking a 61% year-over-year increase based on Q3 financial performance. The dividend is payable on December 30, 2022 to shareholders on record by the close of business on December 12, 2022. As a leading oil and gas producer in the U.S., Devon aims to generate free cash flow and return capital to shareholders while maintaining a focus on sustainable operations.