Devon Energy Is One Of The Few Growing Oil Companies

The Value Portfolio
Investing Group Leader
(6min)

Summary

  • Devon Energy is focused on aggressively growing production, both into 2024, along with double-digit growth into 2025.
  • The company has a strong dividend that it's increasing, and it plans to continue increasing that dividend going forward.
  • The company's aggressive share repurchases will combine with a growing dividend and production to enable overall shareholder returns.
  • The Retirement Forum members get exclusive access to our real-world portfolio. See all our investments here »

Drone captures a breathtaking sunset over the Permian Basin, showcasing an oil rig drilling and fracking for oil, amidst the vastness of the landscape

grandriver

Devon Energy (NYSE:DVN) is a mid-cap oil company worth just under $25 billion. The company has gone up almost 10% since we last recommended buying the dip, outperforming the market. Despite that, the company's strong cash flow, and continued

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This article was written by

The Value Portfolio
35.79K Followers

The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends.

He is the leader of the investing group The Retirement Forum with features including: model portfolios, macro overviews, in-depth company analysis and retirement planning information. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DVN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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