Devon Energy Can Continue Generating Strong Shareholder Returns


  • Devon Energy has strong performance, beating production guidance and generating substantial free cash flow.
  • The company has an impressive portfolio of assets, particularly in the Delaware Basin, making it an attractive acquisition target.
  • Devon Energy’s 2024 plan focuses on reasonable asset build outs, generating strong returns, and improving infrastructure and processing capabilities.

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Devon Energy (NYSE:DVN) is an upstream oil company with quite some heft. Despite often being ignored in other conversations about large oil companies, the company has a market capitalization of more than $30 billion and a

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DVN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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