secwatch.observer — SEC 8-K summary
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Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001193125-21-316952
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Devon Energy Q3 2021: record free cash flow $1.1B, dividend raised 71% to $0.84, $1B buyback authorized
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- Net earnings of $838M ($1.24 diluted EPS); core earnings $733M; operating cash flow $1.6B, up 46% QoQ.
- Free cash flow reached record $1.1B, an 8-fold increase vs Q4 2020; capital reinvestment rate 30%.
- Fixed-plus-variable dividend raised 71% to $0.84/share, payable Dec. 30 to holders of record Dec. 10.
- Board authorized $1B share repurchase program (4% of market cap) through year-end 2022.
- Total production of 608,000 Boe/d exceeded guidance by 5%; 2022 preliminary plan: 570-600 Mboe/d with capex $1.9-2.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312521316952/0001193125-21-316952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312521316952/d202323d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-316952

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