bjdlzx Devon Energy (NYSE:DVN) has followed the price of WTI crude oil for the last several quarters. Both oil the commodity and DVN shares have traded largely sideways since the 2022 pop and drop in the Energy sector. The $28 billion market cap Oil and Gas Exploration and Production company is set to grow earnings in the out year with ongoing revenue gains. For shareholders, the management team is committed to returning capital via dividends and buybacks, while its free cash flow is very strong. What's mor ...

grandriver Introduction Energy has been a huge part of my research since the pandemic. That is mainly due to my belief that the sector benefits from strong secular tailwinds, including peak production growth in U.S. shale, long-term demand tailwinds, and a very attractive valuation of the entire sector. Although I promise readers that I will keep a balanced coverage mix, energy will remain a cornerstone of my research. This includes Devon Energy (NYSE:DVN), a stock that has been brought up a lot by readers ...

Devon Energy's dividends look poised to grow. Devon Energy (DVN -0.11%) stock gained massive popularity among income investors after it launched the oil industry's first fixed-plus-variable dividend policy in 2021. Every time crude oil prices rise, so does Devon's dividend payout, making it one of the most intriguing dividend stocks in the energy sector. Here's how you can earn $1,000 in annual dividend income from this oil stock. Devon pays a fixed dividend every quarter, plus a variable dividend of up to ...

Fossil fuels might seem anachronistic given the push for clean and renewable energy. However, the harsh reality is that the world continues to run on hydrocarbons. What's more, this dynamic might not change anytime soon. Scientifically, oil features high energy density. Basically, a gallon of gasoline can power a car for 30 miles or more. Such relevance makes high-yield oil stocks attractive. Yes, many investors bet on hydrocarbons for their growth potential. But because this sector is so important, so vita ...

Devon Energy is a cash-flow-producing (and returning) machine. Devon Energy (DVN 2.83%) has transformed into a low-cost oil producer over the years. It has jettisoned high-cost operations and recycled that capital to grow its higher-returning assets. This strategy continues to pay big dividends for shareholders. Devon is generating lots of cash and returning much of it to its investors. The oil company's cash-generating capabilities were on full display during the second quarter. With further improvements a ...

Devon Energy Corporation (NYSE:DVN) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Rosy Zuklic - VP of IR Rick Muncrief - President and CEO Clay Gaspar - COO Jeff Ritenour - CFO Conference Call Participants Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Neal Dingmann - Truist Roger Read - Wells Fargo Scott Gruber - Citigroup Kalei Akamine - Bank of America Merrill Lynch Betty Jiang - Barclays Charles Meade - Johnson Rice Kevin MacCurdy - Pickering Energy Partners Paul C ...

Devon Energy Corp. (DVN) reported second-quarter 2024 earnings per share (EPS) of $1.41, outpacing the Zacks Consensus Estimate of $1.29 by 9.3%. Strong production volumes and efficient cost management allowed the company to enjoy the benefit of rising oil prices in the quarter. GAAP earnings per share in the reported quarter were $1.34 compared with $1.07 in the year-ago quarter. The difference between GAAP and operating earnings in the second quarter was due to a 4-cent impact of fair value changes in fin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------------------------------------------------------|------------------------------------------| | | | | Commission File Num ...

Q2 2024 Earnings Presentation August 6, 2024 NYSE: DVN devonenergy.com Key Takeaways From Our Presentation | --- | --- | --- | --- | --- | --- | |-------|-------|---------------------------------------------------------------------------------------------------------------------------|-------|-------|---------------------------------------------| | | | OIL PRODUCTION REACHES NEW ALL-TIME HIGH | | | | | | 1 | Q2 volumes exceeded guidance by 3% reaching 335,000 barrels per day | | | | | | 2 | DELAWARE GROWTH ...

Devon Energy (DVN) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.30%. A quarter ago, it was expected that this oil and gas exploration company would post earnings of $1.10 per share when it actually produced earnings of $1.16, delivering a surprise of 5.45%. Over the last four qu ...