Devon Energy Q2 2023 net earnings $690M ($1.07 diluted); record oil production 323K bpd

DEVON ENERGY CORP/DE

2023-Q2 EPS reported $2.60 revenue$7,277,000,000

Net earnings $690M ($1.07 diluted); core earnings $755M ($1.18 diluted).
Oil production record 323,000 bpd (+8% YoY); total production 662,000 Boe/d.
Fixed-plus-variable dividend $0.49/share; share repurchase of 3.8M shares for $200M.
Full-year 2023 capex guidance $3.6B-$3.8B; Q3 oil production guidance 322,000-330,000 bpd.
Operating cash flow $1.4B, free cash flow $326M; retired $242M debt post-quarter.

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 second-quarter 2023 results: net income $690 million, EPS $1.07 per diluted share.

Period: second-quarter 2023
Net income: $690 million
EPS: $1.07 per diluted share
Result: reported results

Exact text from the filing

Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 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 0001193125-23-200559

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