DVN News & Events

The company said, "Production in the first quarter of 2026 is estimated to be reduced by 1 percent or 10,000 Boe per day due to the impact of severe winter weather. Adjusting for this downtime, the company expects production to average 823,000 to 843,000 Boe per day. Capital spending in the first quarter is expected to be approximately $900 million."

Reports Q4 revenue $4.12B, consensus $3.61B. "Devon's disciplined execution and operational excellence defined 2025, culminating in outstanding results that exceeded fourth quarter expectations across all major value drivers," said Clay Gaspar, president and CEO. "The success we achieved this year was underpinned by the momentum generated through our focused business optimization efforts, resulting in significant free cash flow and meaningful cash returns to shareholders."