Devon Q4 net earnings $639M ($0.98/sh); record oil production 398K bpd; dividend raised 9% to $0.24

DEVON ENERGY CORP/DE

2024-FY EPS reported $4.56 revenue$15,940,000,000

Q4 core earnings $756M ($1.16/sh); operating cash flow $1.7B; free cash flow $738M.
Record oil output 398K bpd, 3% above guidance; total production 848K Boe/d, up 16% QoQ.
Board approves 9% dividend increase to $0.24/sh, payable Mar. 31, 2025 to holders of record Mar. 14.
2025 outlook: capex $3.8-$4.0B; production 805-825K Boe/d (oil 380-386K bpd); 5% capex reduction vs prior.
Completed Grayson Mill acquisition in late Sept; reached Eagle Ford partnership dissolution with BPX (closing Apr 1).

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