Devon Energy Corporation reported Q2 earnings of $1.18 per share, beating the analyst consensus estimate of $1.17. The company also reported record oil production of 323,000 barrels per day in Q2 and expects to sustain production in the range of 643,000 to 663,000 Boe per day for the full-year 2023. Operating cash flow totaled $1.4 billion in Q2, funding all capital requirements and resulting in $326 million of free cash flow. Devon declared a quarterly cash dividend of $0.49 per share, payable on September 29, 2023.