Dividend And Shareholder ReturnsFor the first time since merging with WPX, Devon did not pay a variable dividend, and buybacks and fixed dividends fell short of the cash returns target.
Production And Operational ChallengesOperating expense guidance is significantly higher than previous reports, attributed to a water-handling agreement in the Delaware basin.
Stock Market DynamicsThere are approximately 30 million unrestricted private equity-owned shares that could enter the market soon, potentially affecting the stock price.