Devon Energy Reports Q1 2026 Earnings with Strong Production and Free Cash Flow
Devon Energy (DVN) reported Q1 2026 earnings with oil production reaching 387 thousand barrels per day, at the top of guidance, and capital spending 6% below the midpoint. The company generated $816 million in free cash flow and achieved $1 billion in business optimization savings ahead of schedule. The Cotera merger was approved by shareholders and is expected to close soon.
Tickers: $DVN
Topics: AI capital spending dividend free cash flow merger oil production