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Did Devon Energy cut its dividend?

Devon Energy is increasing its base dividend payment by 11%. However, the total dividend payment is lower again this quarter. The companys variable dividend continues to feel the impact of lower oil and gas prices.

How do I contact Devon Energy?

Have a question? Use the drop-down tab below to select where you would like to direct your message. For general inquiries, please call the Devon Energy Center in Oklahoma City at 405-235-3611 or 1-800-583-3866.

Does Devon Energy issue a 1099?

1099s are mailed on Jan. 31 of each year. If you do not receive your 1099 by Feb. 16 or if information on the 1099 is incorrect, call Devon Direct at 405-228-4800.

Why is Devon Energy stock dropping?

That falling dividend has put some downward pressure on Devons stock price. Devons free cash flow could decline further this year because of lower oil prices and the companys decision to increase its capital spending due to inflation and acquisitions.

How is DVN taxed?

Devon Energys effective tax rate decreased in 2020 (17.7%, -35.7%) and 2021 (2.2%, -87.3%) and increased in 2018 (24.4%, +39.2%), 2019 (27.5%, +13.0%), and 2022 (22.4%, +896.6%).

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