---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-047938"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:37:29.355361+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Devon Q4 net earnings $1.2B; raises fixed dividend 10%; FY23 free cash flow $2.7B

## Summary
- Q4 net earnings $1.152B (diluted EPS $1.81); core earnings $902M ($1.41).
- Q4 operating cash flow $1.737B; full-year 2023 free cash flow $2.7B.
- Q4 production 662K Boe/d (317K oil), above guidance; Delaware Basin up 6% YoY.
- Board raised fixed dividend 10% to $0.22/sh; $0.44 total declared; repurchased 5.2M shares ($234M).
- 2024 outlook: sustain oil ~315K bpd, total ~650K Boe/d; capEx $3.3-3.6B; Q1 weather impact ~2%.

## SEC filing metadata
- accession: 0001193125-24-047938
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312524047938/0001193125-24-047938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312524047938/d746925d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-047938
- JSON: https://secwatch.observer/filing/0001193125-24-047938.json
- Plain text: https://secwatch.observer/filing/0001193125-24-047938.txt

## Key facts
- Earnings Releases
  DEVON ENERGY CORP/DE reported the fourth-quarter and full-year 2023 results: net income net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023. Guidance reaffirmed.
  - Period: the fourth-quarter and full-year 2023
  - Net income: net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: Devon reported net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312524047938/0001193125-24-047938-index.htm

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