DVN · 8-K · 20260804PR332824
Capital Expenditure Guidance
DEVON ENERGY CORP/DE · 2026-08-04 · Importance 33 · Surprise 24 · In source text
Devon kept its full-year 2026 guidance unchanged after the second quarter. Third-quarter 2026 capital spending is expected to be between $1.4 billion and $1.5 billion. Total production is forecast at 1.660 million to 1.690 million Boe per day, including oil production of 550,000 to 560,000 barrels per day.
Key facts
- Capital spending in the third quarter is expected to be between $1,400 million and $1,500 million. source
- In the third quarter of 2026, total production is expected to average between 1,660,000 and 1,690,000 Boe per day. source
- In the third quarter of 2026, oil production is expected to average between 550,000 and 560,000 barrels per day. source
- Capital expenditures totaled $1,269 million, or 2 percent below the guidance midpoint. source
- Full-year 2026 guidance remains unchanged from June. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | Capital spending in the third quarter is expected to be between $1,400 million and $1,500 million. |
| assets | positive | probable | — | Capital spending in the third quarter is expected to be between $1,400 million and $1,500 million. |
| cash | negative | realized | — | Capital expenditures totaled $1,269 million, or 2 percent below the guidance midpoint. |
| assets | positive | realized | — | Capital expenditures totaled $1,269 million, or 2 percent below the guidance midpoint. |