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Stock impact report

Edited Transcript of DVN earnings conference call or presentation 19-Feb-20 4:00pm GMT [Yahoo! Finance News]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Looking ahead to 2020, our strategic framework for success and disciplined capital priorities remain unchanged. These priorities are outlined on Slide 10 of our operations report. As always, Devon's top priorities will be to fund the maintenance capital requirements of our business and the quarterly dividend. Once these objectives are met, next step in our capital allocation process is to selectively deploy capital to high-return projects that will efficiently expand the cash flow of our business. Importantly, our 2020 plan meets all of these capital allocation priorities at low breakeven funding levels, even after accounting for the recent weaknesses in gas and NGL strip pricing. Should this volatility drive prices higher, we will remain disciplined, and the benefits of any pricing windfall above our conservative base planning scenario will manifest itself in higher levels of free cash flow for shareholders, not higher capital spending. Conversely, should we see price volatility to t Show less Read more
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