DVN · 10-Q · 2026Q2 · Full report
Capital Expenditure Guidance
DEVON ENERGY CORP/DE · 2026-08-05 · Importance 68 · Surprise 60 · In source text
Devon expects approximately $2.7 billion to $2.9 billion of capital expenditures during the remainder of 2026. Capital expenditures for the first six months of 2026 were $2.157 billion, representing approximately 40% of operating cash flow, and increased primarily because the Coterra merger closed on May 7, 2026. Management said its capital program is designed to moderate production growth, prioritize returns and maximize free cash flow. The company also expects to use cash for opportunistic share repurchases, dividends, debt repayments and cash-balance growth.
Key facts
- Capital expenditures budget for the remainder of 2026 is expected to be approximately $2.7 billion to $2.9 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -3.4% | Capital expenditures budget for the remainder of 2026 is expected to be approximately $2.7 billion to $2.9 billion. |
| assets | positive | committed | +3.4% | Capital expenditures budget for the remainder of 2026 is expected to be approximately $2.7 billion to $2.9 billion. |