DVN · 10-Q · 2026Q3 · Full report

Capital Return Program

DEVON ENERGY CORP/DE · 2026-11-06 · Importance 64 · Surprise 42 · No source text

Devon announced an $8.0 billion share repurchase program after the merger, expiring June 30, 2029. The company repurchased approximately 8.9 million shares for $415 million, or $46.96 per share, in Q3 2026, and had executed approximately $725 million of the authorization through October 2026. First-nine-month repurchases were approximately 15.1 million shares for $686 million, while dividends totaled $887 million. Devon raised its fixed quarterly dividend approximately 33%, from $0.24 to $0.32 per share, in Q2 2026; the November 2026 dividend of $0.32 per share was expected to total approximately $363 million.

Key facts

• Devon announced an $8.0 billion share repurchase program in May 2026, expiring June 30, 2029. source
• Devon raised its fixed dividend approximately 33%, from $0.24 to $0.32 per share, in Q2 2026. source
• In November 2026, Devon announced a $0.32 per-share cash dividend payable in Q4 2026, totaling approximately $363 million. source
• Devon repurchased approximately 8.9 million common shares for approximately $415 million, or $46.96 per share, under the program in Q3 2026. source
• Through October 2026, Devon had executed approximately $725 million of its authorized $8.0 billion share repurchase program. source
• Devon repurchased approximately 15.1 million common shares for $686 million in the first nine months of 2026. source
• Devon paid $366 million in dividends during Q3 2026. source

Impact estimates