---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-043405"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2022-02-15T23:59:59+00:00"
generated_at: "2026-06-27T07:50:26.453570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Devon Energy Q4 net earnings $1.5B, core EPS $1.39; free cash flow $1.1B, dividend $1.00/share

## Summary
- Net earnings of $1.5B ($2.23/diluted); core earnings of $935M ($1.39/diluted).
- Operating cash flow of $1.6B; free cash flow of $1.1B in Q4, $2.9B full year (record).
- Board raised fixed dividend 45% and declared $1.00/share total dividend; share repurchase authorization boosted 60% to $1.6B.
- Q4 production averaged 611 MBoe/d (3% above guidance); 2022 capex guide $1.9-2.2B with production 570-600 MBoe/d.
- Repurchased 14M shares for $589M in Q4; retired $1.2B debt in 2021; plans up to $1B debt reduction by 2023.

## SEC filing metadata
- accession: 0001193125-22-043405
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2022-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312522043405/0001193125-22-043405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312522043405/d312748d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-043405
- JSON: https://secwatch.observer/filing/0001193125-22-043405.json
- Plain text: https://secwatch.observer/filing/0001193125-22-043405.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.