Key Takeaways Devon Energy leverages five shale basins to reduce risk and optimize capital across market cycles. The Delaware Basin drives over 60% of DVN's output, delivering high margins and strong well economics. In 2024, DVN returned over 70% of free cash flow to shareholders through dividends and buybacks.Devon Energy Corporation (DVN) stands out as a premier U.S. shale producer with a strategic focus on multi-basin oil and gas assets, offering geographic diversity, scale and flexibility. Its core op ...