Devon Energy(DVN) - 2023 Q3 - Earnings Call Presentation

Optimizing results with steady activity levels through the cycle Optimize allocation between DIVIDENDS & SHARE REPURCHASES PURSUE ESG EXCELLENCE Q3 2023 Earnings Presentation NYSE: DVN devonenergy.com | Q3 2023 Earnings Presentation 2 MODERATED OIL GROWTH targets: up to 5% annually Focused on growing per-share value CONSISTENT REINVESTMENT RATES ATTRACTIVE CASH RETURNS MAINTAIN LOW LEVERAGE ESG initiatives incorporated into COMPENSATION structure | Q3 2023 Earnings Presentation 3 $12 BILLION (2-TIMES MERGER ...