---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-194945"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:07:09.917643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Devon Energy Q2 net earnings $844M; record oil output; upsized buyback to $5B

## Summary
- Net earnings $844M ($1.34 diluted EPS); core earnings $885M ($1.41 diluted EPS).
- Record oil production 335,000 bpd, exceeding guidance by 3%; total production 707,000 Boe/d, up 7% YoY.
- Raised full-year 2024 production guidance 5% above original; capex range unchanged $3.3-3.6B.
- Declared fixed-plus-variable dividend $0.44/share, payable Sept 30, 2024; fixed dividend $0.22, variable $0.22.
- Board upsized share-repurchase authorization 67% to $5B; Q2 bought 5.2M shares for $256M.

## SEC filing metadata
- accession: 0001193125-24-194945
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2024-08-06T23:59:59+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/1090012/000119312524194945/0001193125-24-194945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312524194945/d816697d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-194945
- JSON: https://secwatch.observer/filing/0001193125-24-194945.json
- Plain text: https://secwatch.observer/filing/0001193125-24-194945.txt

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