Key Takeaways Devon Energy focuses on high-return Delaware Basin projects to drive efficient production growth DVN plans $3.7-$3.9B in 2025 capex to sustain free cash flow and shareholder returns. DVN trades at 3.59X EV/EBITDA TTM compared with industry average of 11.31X, suggesting undervaluation.Devon Energy Corporation (DVN) , a leading independent oil and gas producer, has leveraged systematic capital investment to solidify its competitive position in the Zacks Oil and Gas – Exploration and Production ...