Investor Presentaiton
2022e Annualized Dividend Yield
Delivering a Market-Leading Dividend Yield
10%
(1)
~8%
8%
6%
4%
2%
OUR MARKET-LEADING YIELD
~6 TIMES HIGHER than the S&P 500 yield
SHARE BUYBACK enhances cash returns (pg. 9)
ORGANICALLY FUNDED within free cash flow
0%
Energy
Utilities
Real Estate
devon
Consumer
Staples
Financials
Materials
Industrials Health Care
Technology Communication Consumer
Services Discretionary
Note: Assumes Devon market capitalization as of April 29, 2022. Sector yields sourced from FactSet.
S&P 500 Sectors
(1) Assumes $100 WTI for remainder of 2022, Henry Hub strip pricing & NGL realizations at 40% of WTI. Also assumes 50% of excess free cash flow (adjusted free cash flow less fixed dividends) is paid through a variable dividend.
Any future dividends are authorized and determined by the board in its sole discretion.
Q1 2022 Earnings Presentation
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