---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-208563"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2022-08-01T23:59:59+00:00"
generated_at: "2026-06-24T06:18:22.085693+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Devon Energy Q2 2022: Record free cash flow of $2.1B; dividend raised 22% to $1.55/share

## Summary
- Net earnings $1.9B ($2.93 diluted EPS); core earnings $1.7B ($2.59 diluted EPS).
- Operating cash flow $2.7B, more than double YoY; free cash flow record $2.1B (reinvestment rate 22%).
- Fixed-plus-variable dividend increased 22% to record $1.55/share (11% annualized yield).
- Production 616 MBoe/d (+7% QoQ); Delaware Basin up 22% YoY to 436 MBoe/d.
- Full-year 2022 production guidance raised 3% to 600-610 MBoe/d; capital guidance $2.2-2.4B.

## SEC filing metadata
- accession: 0001193125-22-208563
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2022-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312522208563/0001193125-22-208563-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312522208563/d727187d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-208563
- JSON: https://secwatch.observer/filing/0001193125-22-208563.json
- Plain text: https://secwatch.observer/filing/0001193125-22-208563.txt

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