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JP Morgan Energy Conference – Devon Energy Corp

Devon Energy Corp · Jun 16, 2020 · 11 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JP Morgan Energy Conference – Devon Energy Corp – slide 1
    JP Morgan Energy Conference June 16, 2020 NYSE: DVN devonenergy.com
  2. JP Morgan Energy Conference – Devon Energy Corp – slide 2
    Defining Devon KEY DEVON ATTRIBUTES OIL WEIGHTED: 82% of revenue (Q1 2020) Premier multi-basin portfolio LOW LEVERAGE: 1.1x net debt-to-EBITDAX POWDER RIVER TOP-TIER ESG PERFORMANCE Significant financial strength & liquidity…
  3. JP Morgan Energy Conference – Devon Energy Corp – slide 3
    Significant Financial Strength & Liquidity Significant liquidity with no near-term debt maturities Balance sheet strength provides competitive advantage Outstanding debt maturities (MM) Cumulative % of debt maturing as a % of total…
  4. JP Morgan Energy Conference – Devon Energy Corp – slide 4
    Our Approach to the Current Environment Protect financial strength DYNAMICALLY ADAPTING TO MARKET CONDITIONS Reduce capital & operating costs Drive efficiencies across the portfolio Preserve operational continuity…
  5. JP Morgan Energy Conference – Devon Energy Corp – slide 5
    Investment Concentrated in the Delaware Basin WOLFCAMP PROGRAM HEADLINES RECENT DELAWARE RESULTS 1.0 Billion THISTLE/GAUCHO SUCCESSFUL INFILL WOLFCAMP DEVELOPMENT 75% CONFIRMS WOLFCAMP Tomb Raider 2.0 (9,400 laterals)…
  6. JP Morgan Energy Conference – Devon Energy Corp – slide 6
    Delaware Delivering Best-In-Class Operating Results Wolfcamp driving industry-leading well productivity Delaware Basin capital efficiencies accelerate Average cumulative 6-month oil production per foot, MBO (2019) Drilled and completed…
  7. JP Morgan Energy Conference – Devon Energy Corp – slide 7
    Efficiencies Drive Maintenance Capital Improvements POSITIONED FOR RESILIENT PRODUCTION PROFILE IN 2021 Reducing maintenance capital requirements Maintaining strong oil production outlook Maintenance capital ( billions) Oil production…
  8. JP Morgan Energy Conference – Devon Energy Corp – slide 8
    Cost Structure Continues to Improve Track record of driving cost structure lower Reducing 2020 cash cost expectations Cash cost reductions (2020e vs. 2018) Cash costs ( in billions) 1.90 2020 SAVINGS 250 PRODUCTION 18% TARGET…
  9. JP Morgan Energy Conference – Devon Energy Corp – slide 9
    Positioned for Excess Cash Flow in 2020 2020 operating plan generating excess cash flow at ultra-low pricing ( in billions) 3.2 B 1.0 B ULTRA-LOW Cash flow enhanced by Barnett divestiture DIVEST (2) PROCEEDS BREAKEVEN Efficiencies…
  10. JP Morgan Energy Conference – Devon Energy Corp – slide 10
    ESG Performance Remains a Top Priority ENVIRONMENT SOCIAL & SAFETY GOVERNANCE On track to meet our methane intensity Provided STEM resources across our ESG metrics incorporated in target of 0.28% or lower by 2025 communities,…
  11. JP Morgan Energy Conference – Devon Energy Corp – slide 11
    Our Framework for Long-Term Success KEY DEVON ATTRIBUTES OIL WEIGHTED: 82% of revenue (Q1 2020) Premier multi-basin portfolio LOW LEVERAGE: 1.1x net debt-to-EBITDAX POWDER RIVER TOP-TIER ESG PERFORMANCE Significant financial…

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