Devon Energy — Corporate Update (April 2025)

4 slides from Devon Energy's corporate update, Apr 22, 2025

Slide 1: Devon Energy Business Optimization
DEVON ENERGY BUSINESS OPTIMIZATION April 22, 2025 NYSE: DVN DEVONENERGY.COM
Slide 2: Targeting Opportunities to Improve Margins and Capital Efficiency
BUSINESS OPTIMIZATION PLAN Capture efficiencies through design CAPITAL TARGETING optimization, cycle time reductions, EFFICIENCY facility standardization & vendor management OPPORTUNITIES TO IMPROVE Use advanced analytics to minimize PRODUCTION maintenance events, reduce OPTIMIZATION downtime, flatt
Slide 3: Pathway and Timing to Deliver
PATHWAY AND TIMING TO DELIVER IMPROVEMENTS BY CATEGORY TIMING TO DELIVER RUN-RATE IMPROVEMENTS ($MM) ($MM) Production Optimization $1,000 $250 MM $1.0 Capital Efficiency $750 $300 MM BILLION Corporate Cost Reductions $500 $150 MM ANNUAL PRE-TAX FREE CASH FLOW IMPROVEMENTS $250 Commercial Opportuniti
Slide 4: Investor Contacts & Notices
INVESTOR CONTACTS & NOTICES plan could differ materially from actual results; market and geopolitical uncertainty as a result of changes in trade relations and policies, such as the imposition of tariffs by the U.S., China or other countries; and any of the other risks and uncertainties discussed in