Devon Energy (DVN 7.71%) recently closed the book on a record year. The oil company reported record production volumes in the fourth quarter and full year. That enabled it to produce strong free cash flow, a majority of which it returned to shareholders through dividends and share repurchases. The oil company expects to continue growing its production this year, which should enable it to generate a lot of cash and return the bulk of it to shareholders.An outstanding yearDevon Energy achieved record oil prod ...