Devon Energy Corp

DVN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Devon Earnings: Solid Results After Transformational Merger With Coterra; Maintaining Valuation

Joshua Aguilar

Aug 7, 2026

Devon's second-quarter production reached 1,359 mboe/d, while oil totaled 503 mboe/d, both at the top end of guidance. Production costs (including production and property taxes) averaged $11.27 per boe, while lease operating expense of $5.06 fell below annual guidance expectations.

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Devon Energy Corp

Devon Earnings: Solid Results After Transformational Merger With Coterra; Maintaining Valuation

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