KEY MESSAGES Fourth-quarter dividend payout improved to record high of $1.00 per share Board approved a 45 percent increase to the fixed quarterly dividend Share-repurchase authorization increased by 60 percent to $1.6 billion Repurchase program is equivalent to 5 percent of Devon's market capitalization OKLAHOMA CITY, Feb. 15, 2022 -- Devon Energy Corp. announced today its board of directors declared a record high [...]
Devon Energy Corp. today reported financial and operational results for the fourth quarter of 2021. The company's earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's fourth-quarter conference call will be held at 10:00 a.m. Central on Wednesday, Feb. 16, 2022, and will [...]
Devon Energy Corp. today announced it will report fourth-quarter and full-year 2021 results on Tuesday, Feb. 15, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter and full-year 2021 results will be available on the company's website at www.devonenergy.com. On Wednesday, Feb. 16, the company will hold a conference call at 10:00 a.m. Central Time , which will consist [...]
Devon Energy Corp. today announced that it has extended until December 29, 2021 at 5:00 p.m., New York City time, the expiration date of its offers to exchange: an aggregate principal amount of up to $224,079,000 of its 8.250% Senior Notes due 2023, which have been registered under the Securities Act of 1933, as amended , for an equal principal amount of the Company's outstanding 8.250% Senior Notes due 2023 ; an [...]
Devon Energy Corp. , a leading U.S. independent oil and gas producer, today announced the release of its latest sustainability report which highlights the company's efforts to deliver industry-leading results while being a good neighbor, valued and effective community partner, responsible environmental steward, and supportive employer. "This year Devon celebrated its 50th anniversary, and that longevity is due in large [...]
Devon Energy Corp. today reported financial and operational results for the third quarter of 2021. The company's earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's third-quarter conference call will be held at 10:00 a.m. Central on Wednesday, Nov. 3, 2021, and will [...]
KEY MESSAGES Fixed-plus-variable dividend payout increased by 71 percent to $0.84 per share Board authorizes a $1.0 billion share-repurchase program through year-end 2022 Repurchase program is equivalent to 4 percent of Devon's market capitalization Top free cash flow priority continues to be the funding of the company's market-leading dividend Balance sheet strength to further improve with plans to retire $1.0 billion of [...]
Devon Energy Corp. today announced it will report third-quarter 2021 results on Tuesday, Nov. 2, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2021 results will be available on the company's website at www.devonenergy.com. On Wednesday, Nov. 3, the company will hold a conference call at 10:00 a.m. Central Time , which will consist primarily of answers to questions [...]
KEY MESSAGES Board declares fixed-plus-variable dividend of $0.49 per share based on second-quarter 2021 results Dividend payout represents a 44 percent increase compared to the previous quarter Both fixed and variable dividends are payable on Sep. 30, 2021 OKLAHOMA CITY, Aug. 03, 2021 -- Devon Energy Corp. announced today that its board of directors has declared a fixed-plus-variable dividend of $0.49 per share based on [...]
Devon Energy Corp. today reported financial and operational results for the second quarter of 2021. The company's earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, www.devonenergy.com. The company's second-quarter conference call will be held at 10:00 a.m. Central on Wednesday, Aug. 4, 2021, and will [...]
Devon Energy Corp. today announced it will report second-quarter 2021 results on Tuesday, Aug. 3, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2021 results will be available on the company's website at www.devonenergy.com. On Wednesday, Aug. 4, the company will hold a conference call at 10:00 a.m. Central Time , which will consist primarily of answers to questions [...]
KEY TARGET HIGHLIGHTS Achieve net zero greenhouse gas emissions for Scopes 1 and 2 by 2050 Reduce Scopes 1 and 2 GHG emissions intensity by 50% by 2030 Reduce methane emissions intensity by 65% by 2030 Achieve flaring intensity of 0.5% or lower by 2025 and eliminate routine flaring by 2030 Continue to advance water recycling rate and to use 90% or more non-freshwater for completions activities in the most active operating [...]
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