Devon Q4 operating cash flow $1.9B, record free cash flow; raises fixed dividend 11%

DEVON ENERGY CORP/DE

2022-FY EPS reported $9.12 revenue$19,169,000,000

Net earnings of $1.2B ($1.83 diluted EPS); core earnings $1.1B ($1.66 diluted EPS).
Operating cash flow $1.9B in Q4; free cash flow $1.1B. Full-year free cash flow record $6.0B.
Board approved 11% increase to fixed quarterly dividend; Q4 fixed-plus-variable dividend $0.89/share.
Oil production record 316,000 bpd; total production 636,000 Boe/d. Proved reserves up 12% to 1.8B Boe.
2023 guidance: production 643-663k Boe/d, capex $3.6-3.8B; self-funded at $40 WTI.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DEVON ENERGY CORP/DE reported financial results for the full-year 2022.

Period: the full-year 2022
Result: reported results

Exact text from the filing

For the full-year 2022, operating cash flow totaled $8.5 billion, a 74 percent increase versus 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DEVON ENERGY CORP/DE reported the fourth quarter of 2022 results: net income net earnings of $1.2 billion, EPS $1.83 per diluted share.

Period: the fourth quarter of 2022
Net income: net earnings of $1.2 billion
EPS: $1.83 per diluted share
Result: reported results

Exact text from the filing

Devon reported net earnings of $1.2 billion, or $1.83 per diluted share, in the fourth quarter of 2022.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

DEVON ENERGY CORP/DE filing history →

Source: SEC EDGAR

accession 0001193125-23-039127

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