Devon Energy Corp.

Devon Energy Corp. is celebrating its 'golden' anniversary this month after 50 years of success in the oil and gas industry. Founded by John and Larry Nichols in 1971, the company started with no assets and five employees, but by 1988, was publicly traded and then listed on the New York Stock Exchange. Devon continued to grow organically and by acquisition over the years and stepped into its place on the S&P 500 in 2000 [...]

Devon Energy Corp. announced today that it is commencing private exchange offers and related consent solicitations with respect to the series of outstanding notes of WPX Energy Inc., a wholly-owned, direct subsidiary of Devon, listed in the table below . Pursuant to the Exchange Offers, Devon is offering to issue, in a private offering to eligible noteholders, and for the consideration set forth in the table below, new [...]

Devon Energy Corp. today announced a change in the location of its 2021 Annual Meeting of Stockholders. In light of continued concerns regarding the COVID-19 pandemic, the Annual Meeting will be held solely by remote communication, in a "virtual-only" format. The previously announced date and time of the meeting have not changed. The Devon Energy Center, including the Devon Energy Center Auditorium where the meeting was [...]

Devon Energy Corp. today reported financial and operational results for the first 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 first-quarter conference call will be held at 10:00 a.m. Central on Wednesday, May 5, 2021, and will serve [...]

KEY MESSAGES Board declares fixed-plus-variable dividend of $0.34 per share based on first-quarter 2021 results Dividend payout represents a 13 percent increase compared to the previous quarter Both fixed and variable dividends are payable on Jun. 30, 2021 OKLAHOMA CITY, May 04, 2021 -- Devon Energy Corp. announced today that its board of directors has declared a fixed-plus-variable dividend of $0.34 per share based on [...]

Devon Energy Corp. announced today that management will present at the Citi Global Energy & Utilities Virtual Conference at 9:30 a.m. ET on Wednesday, May 12, 2021. The presentation will be available to the public via webcast. A link to the webcast will be accessible from Devon's home page on the company's website at www.devonenergy.com. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a [...]

Devon Energy Corp. today announced it will report first-quarter 2021 results on Tuesday, May 4, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2021 results will be available on the company's website at www.devonenergy.com. On Wednesday, May 5, the company will hold a conference call at 10:00 a.m. Central Time , which will consist primarily of answers to questions [...]

KEY MESSAGES Devon provided guidance for the first quarter and full-year 2021, adjusted for weather and an asset sale Severe winter weather is estimated to reduce first-quarter production by 8 percent Guidance excludes WPX results prior to the acquisition close date of Jan. 7, 2021 Sale of Wind River asset in Wyoming is expected to reduce 2021 oil production by 2,000 barrels per day OKLAHOMA CITY, March 29, 2021 -- [...]

WPX Energy Inc. , a wholly-owned subsidiary of Devon Energy Corp. , notified The Bank of New York Mellon Trust Company, N.A., as trustee under that certain Indenture, dated as of September 8, 2014, between WPX and the Trustee , of its intention to redeem the aggregate principal amounts set forth below with respect to the following notes issued under the Indenture: $210,000,000 of the 5.250% Senior Notes due 2027 [...]

Devon Energy Corp. announced today that D. Martin Phillips, a managing partner of the EnCap Investments, L.P. , will resign from the company's board of directors effective immediately. The resignation is following a reduction in EnCap's holdings in Devon through disposition transactions that occurred on Feb. 22, 2021. The resignation is consistent with the provisions of a shareholder agreement that permitted EnCap to [...]