Key Takeaways Devon Energy plans to reduce $2.5B in debt, already retiring$500M and targeting further reduction.The move cuts annual interest by $100M, improving cash flow and funding capital projects.DVN's shares gained 11.1% in three months, with ROE above peers and lower EV/EBITDA valuation.Devon Energy’s (DVN) ongoing debt reduction strengthens its financial position and enhances financial flexibility. As the companies operating in the Zacks Oil and Gas - Exploration and Production - United States indu ...