DVN - Dividend announcements

HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE:DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6 billion, or approximately $161,500 per net acre, through the Bureau of Land Management ("BLM") Oil and Gas Lease Sale. This acquisition bolsters the premier Delaware Basin positions in the industry, extends inventory life, and is accretive to net asset value per share. KEY HIGHLIGHTS Acquisition adds approximately 400 net locations normalized to 2-mile laterals, with expected strong well economics and low breakevens supported by: High Net Revenue

HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation ("Devon") (NYSE:DVN) today announced a series of capital return actions following the successful completion of its previously announced all-stock merger with Coterra Energy Inc. ("Coterra") earlier today. The actions reflect the board's confidence in the combined company's free cash flow generation and its commitment to delivering differentiated returns to shareholders through commodity cycles. "Today's actions demonstrate our unwavering commitment to returning meaningful capital to shareholders and maintaining a disciplined, investment-grade balance sheet," said Clay Gaspar, Devon's President and Chief Executive Officer.

OKLAHOMA CITY and HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation ("Devon") (NYSE:DVN) and Coterra Energy Inc. ("Coterra") (NYSE:CTRA) today announced the successful completion of their previously announced all-stock merger (the "Transaction"), creating a premier large-cap shale operator with a high-quality asset base anchored by a leading position in the economic core of the Delaware Basin. The Transaction was approved by stockholders of both companies at special meetings held on May 4, 2026. The combined company will operate under the name Devon Energy and will continue to trade on the New York Stock Exchange under the ticker symbol "DVN." The combined company will be

OKLAHOMA CITY and HOUSTON, May 04, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation ("Devon") (NYSE:DVN) and Coterra Energy Inc. ("Coterra") (NYSE:CTRA) today announced that shareholders of both companies approved all proposals required to complete the previously announced all-stock merger between Devon and Coterra. The merger is expected to close on or around May 7, 2026. At the special meeting of Devon shareholders held today, more than 76 percent of the shares of Devon common stock were represented, and more than 98 percent of the votes cast were in favor of the transaction. At the special meeting of Coterra shareholders held today, more than 82 percent of the shares of Coterra common

OKLAHOMA CITY, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.35 per share based on the company's third-quarter financial performance. This payout represents a 61 percent increase year over year. The company's fixed-plus-variable dividend is payable on Dec. 30, 2022 to shareholders of record at the close of business on Dec. 12, 2022. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier 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

OKLAHOMA CITY, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that the company's board of directors expects to appoint Barbara Baumann as chair of the board, succeeding Dave Hager, who has notified the board of his plans to retire from the board in January 2023. This transition aligns with Devon's continuing focus on strong corporate values, governance principles, and strategic vision. "It has been a great joy and a privilege to spend the past 15 years with this great company and I am very proud of what our high-quality team has accomplished during this time to position Devon for the success it is having today," said Dave Hager, executive chairman. "I hav

OKLAHOMA CITY, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today it has entered into a definitive purchase agreement to acquire Validus Energy, an Eagle Ford operator, for total cash consideration of $1.8 billion. The transaction is subject to customary terms and conditions and is expected to close at the end of the third quarter of 2022, with an effective date of June 1, 2022. Rick Muncrief, president and CEO stated, "The Validus acquisition captures a top-tier oil resource with a meaningful runway of highly economic inventory that is complementary to our existing footprint in the Eagle Ford. This accretive transaction also enhances our financially-driven st

OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.55 per share based on the company's second-quarter financial performance. This record payout represents a 22 percent increase from the previous quarter. As part of the second-quarter dividend announcement, the board approved an increase in the fixed dividend of 13 percent or $0.02 per share. The company's fixed-plus-variable dividend is payable on Sep. 30, 2022 to shareholders of record at the close of business on Sep. 12, 2022. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi

OKLAHOMA CITY, June 08, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today it has entered into a definitive purchase agreement to acquire the leasehold interest and related assets of RimRock Oil and Gas, LP, a Warburg Pincus portfolio company, in the Williston Basin for total cash consideration of $865 million. The transaction is subject to customary terms and conditions and is expected to close in the third quarter of 2022, with an effective date of April 1, 2022. "This bolt-on acquisition is highly complementary to our existing position in the Williston Basin and is immediately accretive to our financially-driven strategy," said Rick Muncrief, president and CEO. "Rim

KEY MESSAGES First-quarter dividend payout increases 27 percent to a record high of $1.27 per shareBoard expanded share-repurchase authorization by 25 percent to $2.0 billionShare-repurchase program to date has retired 19.1 million shares at a total cost of $891 million OKLAHOMA CITY, May 02, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today its board of directors declared a fixed-plus-variable dividend of $1.27 per share based on the company's first-quarter financial performance. This record payout represents a 27 percent increase from the previous quarter. The dividend is payable on Jun. 30, 2022 to shareholders of record at the close of business on Jun. 13, 2022.

KEY MESSAGES Fourth-quarter dividend payout improved to record high of $1.00 per shareBoard approved a 45 percent increase to the fixed quarterly dividendShare-repurchase authorization increased by 60 percent to $1.6 billionRepurchase program is equivalent to 5 percent of Devon's market capitalization OKLAHOMA CITY, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today its board of directors declared a record high fixed-plus-variable dividend of $1.00 per share based on the fourth-quarter financial performance. The dividend is payable on Mar. 31, 2022 to shareholders of record at the close of business on Mar. 14, 2022. As part of the fourth-quarter dividend ann

KEY MESSAGES Fixed-plus-variable dividend payout increased by 71 percent to $0.84 per shareBoard authorizes a $1.0 billion share-repurchase program through year-end 2022Repurchase program is equivalent to 4 percent of Devon's market capitalizationTop free cash flow priority continues to be the funding of the company's market-leading dividendBalance sheet strength to further improve with plans to retire $1.0 billion of incremental debt OKLAHOMA CITY, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that its board of directors has declared a fixed-plus-variable dividend of $0.84 per share based on the company's third-quarter financial performance. This repres

KEY MESSAGES Board declares fixed-plus-variable dividend of $0.49 per share based on second-quarter 2021 resultsDividend payout represents a 44 percent increase compared to the previous quarterBoth fixed and variable dividends are payable on Sep. 30, 2021 OKLAHOMA CITY, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that its board of directors has declared a fixed-plus-variable dividend of $0.49 per share based on the company's second quarter financial performance. This represents a 44 percent increase in payout compared to the dividend declared for the first quarter of 2021. Both the fixed quarterly dividend of $0.11 per share and the variable dividend o

KEY MESSAGES Board declares fixed-plus-variable dividend of $0.34 per share based on first-quarter 2021 resultsDividend payout represents a 13 percent increase compared to the previous quarterBoth fixed and variable dividends are payable on Jun. 30, 2021 OKLAHOMA CITY, May 04, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE:DVN) announced today that its board of directors has declared a fixed-plus-variable dividend of $0.34 per share based on the company's first quarter financial performance. This represents a 13 percent increase in payout compared to the dividend declared for the fourth quarter of 2020. Both the fixed quarterly dividend of $0.11 per share and the variable dividend of

KEY MESSAGES Board declares $0.19 per share variable cash dividend based on fourth-quarter resultsVariable dividend is in addition to previously declared fixed quarterly dividend of $0.11 per shareBoth fixed and variable dividends are payable on Mar. 31, 2021 OKLAHOMA CITY, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a $128 million variable cash dividend in the amount of $0.19 per share based on the company’s pro forma fourth-quarter 2020 financial results. The variable dividend is in addition to Devon’s previously declared fixed quarterly dividend of $0.11 per share. Both the fixed and variable dividends a