Devon Energy Corp Stock Price, News & Analysis

Devon Energy Corp. (NYSE: DVN) released its financial results for Q1 2022, highlighting its robust operational performance amidst a challenging market. The company continues to focus on sustainable operations and achieving significant free cash flow. An earnings conference call is scheduled for May 3, 2022, aimed at addressing investor inquiries. Devon maintains a strong presence in the U.S. oil and gas sector with a diverse multi-basin portfolio, particularly in the Delaware Basin.

Devon Energy Corp. (NYSE: DVN) announced it will report its first-quarter 2022 results on May 2, after U.S. markets close. The earnings release and presentation will be accessible on their website. A conference call is scheduled for May 3 at 10:00 a.m. CT, focusing on analyst and investor inquiries, with a replay available online afterward. Devon is a prominent U.S. oil and gas producer known for its robust operations in the Delaware Basin and a commitment to generating free cash flow while prioritizing sustainable practices.

Devon Energy has pledged up to $20 million to aid humanitarian efforts for Ukrainian refugees affected by the ongoing crisis. The contributions will be distributed among various organizations providing essential services such as medical care, food, and housing. In light of the devastation caused by Russia's invasion, which has resulted in over 3 million refugees and 12 million people in need of assistance, the company emphasizes the importance of global solidarity. CEO Rick Muncrief expressed pride in Devon's commitment to supporting those in dire need.

Omnia Midstream Partners announced a significant development agreement with Devon Energy (NYSE: DVN) to integrate renewable energy into the Stateline field operations in the Delaware Basin. This project aims to reduce carbon emissions, provide competitively priced electricity, and enhance well run-time through emission-free energy sources. Utilizing American-made solar panels and battery storage, the innovative design employs predictive analytics to optimize efficiency. This collaboration aligns with the industry's net-zero greenhouse gas emissions goals for 2050, emphasizing sustainable growth in traditional energy sectors.

Devon Energy Corp. (NYSE: DVN) announced a record high fixed-plus-variable dividend of $1.00 per share for Q4, payable on March 31, 2022. This marks a 45% increase in the fixed quarterly dividend. Additionally, the company expanded its share-repurchase program by 60% to $1.6 billion, representing about 5% of its market capitalization. Devon's commitment to returning cash to shareholders reflects its financial strength and confidence in its business as it progresses into 2022.

Devon Energy Corp. (NYSE: DVN) reported its fourth-quarter 2021 financial results on February 15, 2022. The company emphasized its position as a leading oil and gas producer in the U.S., showcasing its multi-basin portfolio, particularly in the Delaware Basin. Devon highlighted its disciplined cash-return model aimed at generating strong returns and free cash flow while ensuring sustainable operations. For detailed insights, stakeholders can access the full earnings report and upcoming conference call details from the Investor Relations section on their website.

Devon Energy Corp. (NYSE: DVN) will report its fourth-quarter and full-year 2021 results on February 15, 2022, after U.S. markets close. The earnings release and presentation will be available on its website. A conference call will follow on February 16 at 10:00 a.m. CT (11:00 a.m. ET), focusing on analyst and investor inquiries. Devon is recognized as a top oil and gas producer in the U.S., with significant operations in the Delaware Basin. The company emphasizes a disciplined cash-return model aimed at generating free cash flow and returning capital to shareholders.

Devon Energy Corporation (NYSE: DVN) has extended the expiration date for its exchange offers until December 29, 2021, at 5:00 p.m. ET. The offers involve exchanging up to $224 million of 8.250% Senior Notes due 2023, $465 million of 5.250% Senior Notes due 2024, $378 million due 2027, $322 million due 2028, and $574 million due 2030 for equal amounts of outstanding notes. As of December 20, 2021, approximately $223.98 million of the Old 2023 Notes and similar amounts of other notes have been tendered. No proceeds will be received from these exchange offers.