The oil company has shifted its capital return strategy toward share repurchases.
DVN earnings call for the period ending March 31, 2024.
Devon Energy Corp (NYSE: DVN) raised its production guidance for 2024 after topping first-quarter earnings ...
Devon Energy is focused on returning value to shareholders via dividends and share buybacks, but it's still an energy producer.
Wall Street continues to warm to the stock as the price of oil stays above $80 a barrel.
Strong industry dynamics have an analyst bullish on Devon Energy's prospects.
The energy sector continues to be an excellent opportunity for income and value-orientated investors.
The company's ultimate dividend level will be determined by the price of oil and management's capital allocation policy.
Oil prices could continue rising along with tensions in the Middle East.