Q3 2025 EARNINGS PRESENTATION November 5, 2025 NYSE: DVN DEVONENERGY.COM
KEY Q3 2025 HIGHLIGHTS Outperformed Q3 expectations across key value drivers Delivered 390,000 barrels of oil per day, reaching top-end of guidance Capital investment of 859 million, 5% below guidance Achieved a 5% improvement in…
STRATEGIC PRIORITIES & CORE VALUES DRIVE SHAREHOLDER VALUE STRATEGIC OPERATIONAL EXCELLENCE Operating safely, reliably, and in an environmentally responsible manner Track record of improving capital efficiency and enhancing…
Q3 2025 EXECUTING ON OUR OPERATING PLAN PRODUCTION OPTIMIZATION DELIVERS OPERATING COST SAVINGS ACCELERATE 2.0B Q3 Oil Volumes (MBOD) Q3 LOE & GP&T (/BOE) 400 390 + 3 MBOD PRODUCTION BEAT 9.31 5% REDUCTION (VS. Q3…
2025 CAPITAL EFFICIENCY CONTINUES TO IMPROVE 10% REDUCING CAPITAL INCREASING PRODUCTION 2025e Full-Year Capital Spend Guidance ( in billions) 2025e Full-Year Oil Production Guidance (MBOD) 425 MILLION From Preliminary Guide…
DELIVERING TOP-TIER RESULTS VS. INDUSTRY ACHIEVING SUPERIOR WELL RESULTS STRONG CAPITAL EFFICIENCY 2024 & 2025 YTD 6-Month Cum. Oil (MBO/1k ft.) 2024 & 2025e capital per flowing adjusted barrel 40 Top-Quartile 16 Top-Quartile 14…
BUSINESS OPTIMIZATION ACCELERATING SCORECARD: TIMING TO DELIVER RUN-RATE IMPROVEMENTS ( in millions) 60% ACHIEVED IN 7 MONTHS 1,000 200 MILLION UPLIFT To YE 2025 Target vs. Prior Update Capital 75% 300 Efficiency MILLION 750…
DETAILED AND ACTIONABLE BUSINESS OPTIMIZATION PLAN AHEAD OF SCHEDULE CATEGORY INITIATIVES UNDERWAY MILESTONES Design changes & new technologies Simulfrac application increased 20% CAPITAL improve Williston & Delaware drilling…
PROACTIVE ASSET MANAGEMENT DRIVING ADDITIONAL VALUE Eagle Ford JV Dissolution Cotton Draw Midstream Acquisition Delaware Lease Acquisitions (1) Realized 2.7 million per well in D&C savings Acquired non-controlling interest for 260…
DELIVERING SUBSTANTIAL FREE CASH FLOW TO SHAREHOLDERS Q3 2025 FINANCIAL METRICS DIVIDENDS PAID 151 MILLION TRACK RECORD OF SHARE BUYBACKS CORE EARNINGS Shares Outstanding (MM) 1.04 PER SHARE 13% (2) 650 643 OPERATING CASH…
SIGNIFICANT FINANCIAL STRENGTH AND LIQUIDITY TOTAL LIQUIDITY CASH BALANCE LOW LEVERAGE 4.3 B 1.3 B 0.9x CASH & UNDRAWN CASH POSITION NET DEBT-TO-EBITDAX CREDIT FACILITY AS OF 9/30/2025 AS OF 9/30/2025 CREDIT RATINGS DEBT…
PRELIMINARY 2026 OUTLOOK TO YIELD ATTRACTIVE FREE CASH FLOW PRELIMINARY 2026e OUTLOOK 2026e FREE CASH FLOW YIELD PRODUCTION 835 855 20% FREE CASH FLOW VOLUMES MBOED YIELD (Oil: 388 MBOD) 4.5 18% 13% 3.5 3.7 (1) Free…
DEVONS UNIQUE INVESTMENT PROPOSITION ADVANTAGED ASSET PORTFOLIO High-quality assets in top U.S. resource plays Inventory depth underpins long-term sustainability DISCIPLINED STRATEGY Returns-driven strategy prioritizes free cash…
Loading...
