Devon Energy

Devon Energy CEO Clay M. Gaspar sold 3,913 shares on Sept. 14, 2026 for approximately $199,876, according to an SEC Form 4 filing. The reported sale was offset by a 53,979-share restricted stock award that vested Sept. 10, leaving his total position slightly higher at 999,616 shares (619,152 directly held; 380,464 indirectly held via trusts). Devon shares closed at $49.73 on Sept. 14, reflecting a 43% total return over the prior 12 months; the company reported TTM revenue of $19.7 billion and net income of $3.3 billion. » Więcej na finance.yahoo.com

Mizuho highlights Devon Energy as its top recommendation following the merger with CrownRock. Devon is advancing integration, reviewing its portfolio to optimize capital allocation and has launched more than 350 synergy initiatives with gross potential already exceeding $1 billion. Management views the current share price as attractive for an $8 billion buyback program, reported adjusted Q2 earnings of $1.57 per share and raised the quarterly dividend by 33%. » Więcej na de.investing.com

Devon Energy is a 25% equity partner in the Solitude Pipeline System, a joint venture that reached final investment decision to build two Permian-to-Gulf Coast gas pipelines. The first 2.25 Bcf/d phase is slated for late 2029 with a second 2.25 Bcf/d phase in 2030, and the JV holds long-term firm transportation agreements. The project aims to alleviate Waha-basin takeaway constraints, improve pricing for associated gas and support Devon's Permian production growth, while also generating incremental cash flow for minority midstream partners. » Więcej na finance.yahoo.com