---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-200559"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:49:08.822649+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-200559
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312523200559/0001193125-23-200559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312523200559/d514590d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-200559
- JSON: https://secwatch.observer/filing/0001193125-23-200559.json
- Plain text: https://secwatch.observer/filing/0001193125-23-200559.txt

## Key facts
- Earnings Releases
  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
  source text: Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312523200559/0001193125-23-200559-index.htm

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