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Devon Energy Reports Fourth-Quarter 2024 Results and Declares and Raises Quarterly Dividend

1. Devon Energy reported Q4 2024 operational results and financial performance. 2. The company declared its quarterly dividend amidst a favorable outlook for 2025. 3. Devon has a strong presence in the Delaware Basin, boosting its operations. 4. Investors can access detailed financial information and attend an upcoming earnings call. 5. Devon focuses on a disciplined cash-return model to ensure investor returns.

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Why Bullish?

The dividend declaration and strong outlook could increase DVN investor confidence, particularly as historically dividends have positively impacted stock prices of energy companies, especially under similar positive operational conditions.

How important is it?

Given the dividend announcement and operational updates, investor interest may sharply rise in the short term, suggesting a quite significant relevance to DVN's price movement.

Why Short Term?

The market typically reacts quickly to earnings reports and dividend announcements; thus, immediate investor response is anticipated.

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NOGEOGTPH
February 18, 2025 16:05 ET  | Source: Devon Energy Corporation OKLAHOMA CITY, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter 2024. The company also declared its quarterly dividend and provided a 2025 outlook. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. The company’s fourth-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, Feb. 19, 2025, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. This press release was published by a CLEAR® Verified individual.

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