Free Cash FlowDevon's technologies and optimization plan is in process and should generate over $1 billion in annual FCF, as AI tools, agents, and models boost drilling, completions, and real-time production.
Operational PerformanceDevon Energy's 3Q25 guidance surpasses expectations with higher production and lower capex.
Shareholder ReturnsDevon has one of the highest rates of shareholder return in the sector, paying out 70% of FCF as dividends and opportunistic buybacks.