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Devon Energy — Aug 4, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-26-332824
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Showing in the filing
Capital spending
“between $1,400 million and $1,500 million”
Period
Q3 FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 12
Fixed quarterly cash dividend for Q3 FY2026
“$0.32 per share”
Quarterly cash dividend for Q3 FY2026
“$0.32 per share”
Annual pre-tax synergies on a run-rate basis for FY2027
“at least $1.0 billion”
Quarterly fixed dividend rate
“$0.32 per share”
Share repurchase program
“$8.0 billion”
Remaining share repurchase authorization cap… for FY2029
“$7.8 billion”
Synergies for FY2027
“approximately $600 million”
Synergies expected to be captured for FY2027
“approximately $600 million”
Total production for Q3 FY2026
“between 1,660,000 and 1,690,000 Boe per day”
Oil production for Q3 FY2026
“between 550,000 and 560,000 barrels per day”
Capital spending for Q3 FY2026
“between $1,400 million and $1,500 million”
Capital spending for Q3 FY2026
“between $1,400 million and $1,500 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
In the third quarter of 2026, total production is expected to average between 1,660,000 and 1,690,000 Boe per day and oil production is expected to average between 550,000 and 560,000 barrels per day. Capital spending in the third quarter is expected to be between $1,400 million and $1,500 million. Additional details of Devon’s forward-looking guidance are available on the company’s website at www.devonenergy.com . CONFERENCE CALL WEBCAST AND SUPPLEMENTAL EARNINGS MATERIALS Also provided with today’s release is the company’s earnings presentation, available on the company’s website at www.devonenergy.com . The company’s second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on August 5, 2026, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com .   Investor Contact    Media Contact    investor.relations@dvn.com    Michelle Hindmarch    405-228-4450    405-552-7460    NON-GAAP DISCLOSURES This press release includes
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.