8-K filed Feb 2, 2026
Devon Energy authorizes $5B for stock buybacks
“Upon closing, the company plans to declare a quarterly dividend of $0.315 per share and establish a new share repurchase authorization in excess of $5 billion, both subject to Board approval.”
From Devon Energy’s 8-K filed Feb 2, 2026 · read the filing · all documents
How big is it?
Devon Energy bought back $766M of stock in the twelve months to Jun 30, 2026. At that pace, $5.0B covers about 6.5 years of buybacks.
The amount equals 107% of its free cash flow over the same twelve months ($4.7B).
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q3 '23 | $0 |
| Q4 '23 | $234M |
| Q1 '24 | $205M |
| Q2 '24 | $256M |
| Q3 '24 | $295M |
| Q4 '24 | $301M |
| Q1 '25 | $301M |
| Q2 '25 | $249M |
| Q3 '25 | $250M |
| Q4 '25 | $250M |
| Q1 '26 | $69M |
| Q2 '26 | $197M |
Other Devon Energy buyback announcements
- Aug 4, 2026Devon Energy authorizes $8B for stock buybacks$8.0B