OKLAHOMA CITY, June 05, 2024 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that the company's board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon's board in 2014 following his retirement from Chevron's executive team. He currently chairs the board's reserves committee while also serving on the board's compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the co ...

Bethancourt has broad competencies in matters impacting the energy industry and companies in general, including in areas relating to human resources, environmental matters, and energy-related infrastructure. He is a retired Chevron executive, serving most recently as executive vice president for technology and services, where he oversaw Chevron's environmental, health and safety efforts, major project management, procurement, and mining operations. Bethancourt began his career with Getty Oil Co. in 1974 and ...

Devon Energy (DVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this oil and gas exploration company have returned -9.3% over the past month versus the Zacks S&P 500 composite's +4.2% change. The Zacks Oil and Gas - Exploration and Production - United States industry, to which Devon Energy belongs, has lost 5.9% over this period. Now the key question ...

The shares of Devon Energy Corp (NYSE:DVN) are down 1.2% at $48.24 at last check today. The stock has been slipping on the charts since its Apr. 12, roughly 52-week high of $55.09, which occurred after 10- straight weekly gains. However, DVN is still up 6.5% in 2024, and this recent pullback has it testing support at its 80-day moving average, a historically bullish trendline. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security has come within one standard deviation of its 80-day moving av ...

These energy stocks are set to generate significant amounts of cash and will return much of it to shareholders through dividends and buybacks. I've used FCF because most companies base their capital allocation strategies on it. In addition, by looking at FCF, it's easy to see that the underlying potential for all three companies to pay a dividend is even better than implied by their trailing-12-month dividend yield. These considerations speak directly to the three companies in 2024. Devon Energy (DVN 0.77%) ...

L I l I L t a + L mysticenergy Devon Energy Corporation (NYSE:DVN) finally saw the stock rebound during March, but the stock has now given up a portion of those gains. The energy company Deville The JPC PC Printion (1-1 DED Pry) many sin the sock recound uning March, on an one sices has bole not be por of the classement in thesemal. The clience in the close finviz Thu MAY 16 2024 6:18 PM ET -0.47 (0.95%) DVN DAILY 56.00 May 16 O49.93 H50.07 L49.21 C49.24 Vol5.29M SMA 20 SMA 50 54.00 SMA 200 52.00 50.00 49.2 ...

There's more than one reason analysts are excited about energy stocks. This week, Wall Street took a bullish view on two leading energy stocks: ExxonMobil (XOM -0.60%) and Devon Energy (DVN -0.95%). Here, two Motley Fool contributors take a closer look at Wall Street's opinions and why these energy stocks are a compelling way to energize investors' portfolios right now. ExxonMobil expects profits to power higher over the next three years Scott Levine (ExxonMobil): Oil supermajor ExxonMobil has been the subj ...

Devon's dividend policy gives investors a way to capitalize on elevated oil prices. If you're looking to invest in oil and gas stocks, Devon Energy (DVN -0.95%) is a worthy candidate. The oil and gas producer has a trailing dividend yield of 4.8% and provides an attractive way for investors to increase their passive income if oil prices remain high. Here's what you need to know about Devon Energy before you buy it today. Devon's dividend rises alongside oil prices Devon Energy explores and produces crude oi ...

Bet_Noire Introduction In the past few months, I have spent an unusual amount of time discussing energy stocks - even for me. That won't change today, as we will talk about Devon Energy (NYSE:DVN), a company that has been brought up by readers countless times in recent weeks. My most recent article on the company was written on March 8, when I went with the title "Value Vs. Growth: Why Devon Energy Is The Smarter Investment." Here's a part of the takeaway: As the market fixates on AI and tech, I've turned m ...

The oil and gas company is following the right strategy to maximize value for investors.I'm going to cut to the chase here. Devon Energy (DVN -1.44%) is a buy, provided you share management's view on its capital allocation policy. That's the key to the investment decision here, so here's an outline of everything you need to know before buying the stock.Devon Energy's capital allocation policyThe company's policy is to return 70% of its free cash flow (FCF) to investors, with the remaining 30% used to reduce ...