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Posted by
Two Blokes Apr 25 -
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Stock
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Devon Energy's business optimization plan aims to enhance margins and deliver $1 billion in annual pre-tax free cash flow improvements by year-end 2026. The plan includes $300 million in capital efficiency savings through design optimization, cycle time reductions, facility standardization, and vendor management. Production and commercial optimization targets $550 million in cost reductions, leveraging predictive maintenance and automation to lower operating costs and improve field performance.
