Devon Energy Corp

DVN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Devon Energy: Sell-Off This Quarter Is a Long-Term Opportunity

Joshua Aguilar , Christian Fleming

May 6, 2026

Devon posted total production of 833 mboe/d, a 2% decrease sequentially, though in line with guidance. Field-level cash margin (USD/boe basis) of $27.78 rose nearly 27% sequentially, while nontax operating costs came in slightly higher than expected. The stock declined 6% on the trading day.

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Devon Energy Corp

Devon Energy: Sell-Off This Quarter Is a Long-Term Opportunity

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