secwatch.observer — SEC 8-K summary
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Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-039127
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312523039127/0001193125-23-039127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312523039127/d453066d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-039127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer