8-KEarnings & ResultsExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Financial Results (Feb 27, 2024)

Filed February 27, 2024For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed an 8-K on February 27, 2024, to report its financial and operational results for the year and quarter ended December 31, 2023. The filing itself is brief, primarily serving to attach the company's earnings release (Exhibit 99.1) and supplemental financial information, including guidance and hedging details (Exhibit 99.2). Investors should refer to these attached exhibits for the comprehensive details of the company's performance and forward-looking statements. While the 8-K doesn't contain the specific financial figures, it directs investors to the earnings release and supplemental package for key performance indicators, profitability metrics, operational achievements, and future outlook. These attached documents are crucial for understanding DVN's financial health, strategic direction, and potential investment value based on their 2023 results and 2024 guidance.

Key Highlights

  • 1Devon Energy announced its fourth quarter and full-year 2023 financial and operational results on February 27, 2024.
  • 2The 8-K filing primarily serves as a cover for the official earnings release (Exhibit 99.1).
  • 3Supplemental financial information, including guidance and hedging details, is also furnished as Exhibit 99.2.
  • 4Investors are directed to the company's website (www.devonenergy.com) for access to these detailed reports.
  • 5The filing clarifies that the information furnished is not considered 'filed' for the purposes of Section 18 of the Exchange Act, nor incorporated by reference into other SEC filings.
  • 6Key details regarding performance, financial condition, and future outlook are contained within the attached exhibits, not the 8-K itself.

Frequently Asked Questions

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

No, the 8-K filing itself does not contain the specific financial figures. It serves as a notification and attachment vehicle for the company's earnings release and supplemental financial information, which hold the detailed results.

This means that while the information is publicly disclosed, it does not carry the same legal liabilities and implications as information formally 'filed' with the SEC. It's a common practice for earnings releases furnished under Item 2.02.

Exhibit 99.2 typically includes detailed operational data, financial metrics beyond the standard income statement and balance sheet, forward-looking guidance for future periods, and information on the company's hedging strategies used to manage commodity price risk.