Devon Energy Corporation has issued its financial guidance for the first quarter and full year 2026, projecting total oil equivalent production between 835,000 and 855,000 barrels of oil equivalent per day. Upstream capital expenditures are expected to range from $3.425 billion to $3.575 billion for the year. The company anticipates a minor production reduction of about 1 percent, or 10,000 Boe per day, in the first quarter due to severe winter weather. Oil price realizations are forecasted at 95% to 99% of WTI. The total income tax rate is estimated at approximately 22%.

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