DVN released during trading hours

[Fraser921]

https://s2.q4cdn.com/462548525/files/do ... elease.pdf

Looks like a beat to Dan s numbers

1
Devon Energy Reports Second-Quarter 2022 Financial and Operational Results
OKLAHOMA CITY – Aug. 1, 2022 – Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the
second-quarter 2022. Supplemental financial tables and forward-looking guidance are available on the company’s website at
www.devonenergy.com.
KEY FINANCIAL AND OPERATIONAL HIGHLIGHTS
• Fixed-plus-variable dividend increased by 22 percent to record high of $1.55 per share
• Share-repurchase program retired 4 percent of outstanding shares since inception
• Delaware Basin drove second-quarter results that were favorable to guidance on production and capital
• Operating cash flow more than doubled year over year and free cash flow reached the highest level in Devon history
• Disciplined capital allocation framework moderated reinvestment rates to 22 percent of cash flow
• Balance sheet strengthened with cash balances increasing by $832 million to a total of $3.5 billion
• Resource capture transactions added high-return inventory in Williston and Delaware Basin

[Fraser921]

https://s2.q4cdn.com/462548525/files/do ... tation.pdf

slide deck. ....... awesome numbers

Slide 9: note FCF yield...that's the metric I like 16-17 %