DVN: Q2 beat guidance, closed Coterra merger, boosted Permian assets, and returned $1.1B to shareholders
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Closed Coterra merger, identified $1B in annual synergies, and enhanced Permian inventory with a major federal lease acquisition. Q2 oil production and free cash flow exceeded guidance, while $1.1B was returned to shareholders and leverage improved. Original document: Devon Energy Corporation [DVN] Slides Release - Aug. 5 2026
