DVN Stock Recent News

Devon Energy (DVN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Devon Energy's business optimization plan aims to enhance margins and deliver $1 billion in annual pre-tax free cash flow improvements by year-end 2026. The plan includes $300 million in capital efficiency savings through design optimization, cycle time reductions, facility standardization, and vendor management. Production and commercial optimization targets $550 million in cost reductions, leveraging predictive maintenance and automation to lower operating costs and improve field performance.

Devon Energy (DVN) closed at $31.47 in the latest trading session, marking a +1.25% move from the prior day.

Devon Energy (DVN -0.29%) has become a cash-producing machine in recent years . The energy company has invested heavily to grow its scale across several key U.S. oil and gas production basins to reduce costs and enhance its ability to produce free cash flow.

Devon Energy (DVN) closed the most recent trading day at $31.08, moving -0.38% from the previous trading session.

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

HIGHLIGHTS Targeting $1 billion in annual pre-tax free cash flow improvements Business optimization plan underway to improve margins and capital efficiency Plan includes improvements to base production performance, midstream commercial terms and corporate costs Expected to be completed by the end of 2026, with 30 percent achieved by year-end 2025 OKLAHOMA CITY, April 22, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced its business optimization plan to improve margins and capital efficiency, growing free cash flow generation and driving significant shareholder value. “I'm excited to announce the details of our business optimization plan, set to enhance margins and deliver $1 billion in annual pre-tax free cash flow improvements by year end 2026,” said Clay Gaspar, president and CEO.

Live Updates Live Coverage Has Ended Gaines and Losers Today 12:59 pm Winners: APA Corp (APA) up 5.27% Abbott Labs (ABT) up 4.37% Devon Energy (DVN) up 4.17% Marathon Petroleum (MPC) up 3.82% Losers: NVIDIA (NVDA) down 7.53% JB Hunt (JBHT) down 7.49% MD (AMD) down 7.30% Interpublic Group (IPG) down 5.71% China to Fight Until the End 11:42 am According to The White House press release, China now faces up to 245% tariffs on on imports, up from 145% and despite the number increase, China will “ignore” the numbers gain and plans to fight until the end of the tariff war. As of 11:45 am: Nasdaq Composite: -1.48% S&P 500: -0.74% Dow Jones Industrial Average: -.02% Shares of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) are down 1% in morning trading Wednesday after Nvidia (NASDAQ:NVDA) announced it would take a massive $5.5 billion writedown in the first quarter. The artificial intelligence chipmaker said in a late-afternoon SEC filing yesterday the U.S. government was imposin

Oil prices have tumbled this year. WTI, the primary U.S. oil price benchmark, has plunged from about $80 a barrel in early January to around $60 a barrel.

The DVN stock is priced below its industry peers, but with declining earnings estimates, investors should consider waiting for a more appropriate entry point.