8-KEarnings & ResultsExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Financial Results (Feb 15, 2022)

Filed February 15, 2022For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed an 8-K on February 15, 2022, to report its financial and operational results for the year and quarter ended December 31, 2021. The filing includes an earnings release and supplemental financial information, which provides key details on the company's performance, guidance, and hedging strategies. Investors should review these furnished exhibits for a comprehensive understanding of the company's recent financial health and future outlook. The supplemental information is particularly important as it details the company's hedging positions, which can significantly impact earnings and cash flow volatility. Understanding these positions allows investors to better assess the company's risk management strategies and potential exposure to commodity price fluctuations. The company also made these materials available on its website, encouraging broader investor access to its financial reporting.

Key Highlights

  • 1Devon Energy reported its fourth quarter and full-year 2021 financial and operational results on February 15, 2022.
  • 2The 8-K filing includes an official earnings release detailing the company's performance.
  • 3Supplemental financial information, including future guidance and hedging details, was provided.
  • 4This information is crucial for investors to assess the company's recent performance and future expectations.
  • 5The company's hedging information is vital for understanding its risk management and potential impact of commodity price volatility.
  • 6All provided materials are accessible on Devon Energy's corporate website.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to Devon Energy's financial and operational results for the fourth quarter and full year ended December 31, 2021, along with forward-looking guidance and hedging information.

The detailed financial results, guidance, and hedging information are provided in Exhibits 99.1 (Earnings Release) and 99.2 (Supplemental Financial Information) attached to this 8-K filing. These documents are also available on Devon Energy's corporate website at www.devonenergy.com.

The hedging information is important for investors because it outlines Devon Energy's strategies to manage the risks associated with volatile commodity prices (like oil and natural gas). Understanding these hedges helps investors assess the company's potential earnings stability and cash flow predictability.

The information contained in this report and its exhibits is 'furnished,' not 'filed.' This means it is provided for informational purposes but does not carry the same legal implications as a 'filed' document under Section 18 of the Securities Exchange Act of 1934.