---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-028614"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T13:52:55.837232+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 $639M ($0.98/sh); record oil production 398K bpd; dividend raised 9% to $0.24

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-25-028614
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2025-02-18T23:59:59+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/1090012/000119312525028614/0001193125-25-028614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312525028614/d931030d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-028614
- JSON: https://secwatch.observer/filing/0001193125-25-028614.json
- Plain text: https://secwatch.observer/filing/0001193125-25-028614.txt

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