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Posted by
Two Blokes Jun 21 -
Filed in
Stock
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Devon Energy benefits from surging petroleum prices due to the Middle East turmoil, boosting its earnings and free cash flow outlook. The company's multi-basin production strategy and aggressive capital returns, including buybacks and dividends, strengthen its investment case. Devon Energy returned almost 50% of its free cash flow in the first quarter to shareholders, mostly in the form of stock buybacks.
