Devon Q1 net earnings $995M, EPS $1.53; oil production record 320K bpd; buyback raised to $3B

DEVON ENERGY CORP/DE

2023-Q1 EPS reported $1.53 revenue$3,823,000,000

Net earnings of $995M ($1.53 diluted EPS); core earnings of $952M ($1.46 EPS).
Oil production hit record 320K bpd; total production 641K Boe/day.
Operating cash flow $1.7B, free cash flow $665M; declared fixed+variable dividend $0.72/share.
Board increased share-repurchase authorization by 50% to $3.0B; $692M in buybacks YTD.
Full-year production guidance unchanged 643-663K Boe/day; capex $3.6-3.8B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DEVON ENERGY CORP/DE reported the first quarter of 2023 results: net income net earnings of $995 million, or $1.53 per diluted share, EPS $1.53 per diluted share.

Period: the first quarter of 2023
Net income: net earnings of $995 million, or $1.53 per diluted share
EPS: $1.53 per diluted share
Result: reported results

Exact text from the filing

Devon reported net earnings of $995 million, or $1.53 per diluted share, in the first quarter of 2023.

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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 0001193125-23-138262

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