Business OptimizationA business optimization plan has been introduced to save $1 billion by year-end 2026, with 40% of the goal expected to be achieved this year.
Debt ReductionDevon Energy sold their stake in Matterhorn Pipeline for $375 million, with proceeds going towards short-term debt reduction.
Real Estate And Pipeline MonetizationDevon Energy has successfully monetized $495 million of value from real estate and the Matterhorn pipeline, adding value that was not previously reflected in the share price.