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Devon Energy Corp
|
Q1 2024 Earnings Call Presentation
| Rick Muncrief | Page 2 of 11 |
May 16, 2024
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"Q1 2024 Earnings Call Presentation"
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Key T akeaways From Our Presentation OUR DISCIPLINED MODEL CREATES SIGNIFICANT VALUE Q1 PRODUCTION EXCEEDS GUIDANCE BY 4% Volumes beat top-end of guidance across all products 1 FREE CASH FLOW REACHES $844 MILLION IN Q1 15 th consecutive quarter of free cash flow generation 3 RAISING FULL-YEAR 2024 PRODUCTION OUTLOOK Improved production & free cash flow outlook for 2024 5 DELAWARE BASIN DRIVES Q1 OUTPERFORMANCE Improving well productivity & efficiency gains drive strong results 2 SHARE BUYBACKS BOLSTER CASH RETURNS IN Q1 Total cash-return payout reaches $430 million in the quarter 4