Devon Energy: Record Production and Shareholder Returns Drive Strong Growth in 2025
POINT Devon Energy (NYSE: DVN) achieved record oil production in Q4 and full-year 2024. Generated $3 billion in free cash flow (FCF), returning $2 billion to shareholders through dividends and share buybacks. Poised for continued production growth and strong cash flow generation in 2025 , ensuring sustained value for investors. DETAILS: A Record Year source : Motley Fool News Devon Energy reached a new milestone in Q4 2024, producing 398,000 barrels of oil per day , exceeding its guidance by 3%. Including natural gas and natural gas liquids (NGLs), its total output averaged 848,000 barrels of oil equivalent (BOE) per day , a 16% increase compared to the previous quarter. A major contributor to this growth was the Grayson Mill Energy acquisition , completed in September 2023. This acquisition added 117,000 BOE per day , strengthening Devon’s production base. In particular, Eagle Ford production surged 23% to 92,000 BOE/d , demonstrating the strength of the company’s legac...