Devon Energy Posts $2 Billion in Free Cash Flow as Buybacks Accelerate

OilPrice.com · Charles Kennedy · 2026-11-06 03:15 UTC

Devon Energy reports strong third-quarter cash generation, raises merger synergy expectations and outlines plans to accelerate share repurchases.

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Devon Energy reported $2.01 billion in adjusted free cash flow for the third quarter of 2026, an increase of approximately 21% from the previous quarter, as the U.S. oil and gas producer prepares to accelerate share repurchases and concentrate investment in the Permian Basin.

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