Business OptimizationDevon Energy introduced a business optimization plan that will save $1 billion by the end of 2026 and expects to achieve 40% of the goal this year.
Debt ReductionDevon Energy sold their stake in Matterhorn Pipeline for $375 million, with proceeds going towards short-term debt reduction.
Oil Production GuidanceThe 2Q25 oil production guidance likely surpassed investor expectations, which is reassuring given the uncertainty around the level of lost volumes from the BPX partnership dissolution.