EOG Resources vs Devon Energy
Explore a comprehensive comparison between EOG Resources and Devon Energy. This page delves into their respective business models, evaluates key aspects of their financial performance, and analyses their market context. Gain insights into how these two energy companies stand against each other without external claims or specific recommendations. Educational content, not financial advice.
Explore a comprehensive comparison between EOG Resources and Devon Energy. This page delves into their respective business models, evaluates key aspects of their financial performance, and analyses th...
Why It's Moving
EOG Resources Targets $6.5B Capex for 2026 Amid Oil Oversupply, Betting on Cost Cuts and Encino Synergies.
- Plans $6.5B capex—trimmed from initial $6.6B outlook—thanks to faster-than-expected Encino integration yielding $150M in early synergies and doubled volatile-oil acreage.
- Expects low-single-digit oil growth versus late 2025 amid oversupply, prioritizing ~15% Delaware well cost reductions and digitization for strong economics.
- Commits 90-100% of free cash flow to shareholders via growing ~$4 annualized dividend and buybacks, signaling confidence in cash generation despite market headwinds.
UBS Turns Bullish on Devon Energy as Cost Cuts and Oil Tailwinds Spark Pre-Market Gains
- UBS raised its price target to $46 from $40, pointing to $1 billion in debt reduction by mid-2026 as a major catalyst for shareholder value.
- Devon plans to cut 2026 capital requirements by $100 million versus 2025 levels, with production optimization already lifting output by 20,000 barrels of oil equivalent per day.
- Retail sentiment shifted to neutral from bearish, fueled by drilling tech advances and industry consolidation driving down U.S. costs.
EOG Resources Targets $6.5B Capex for 2026 Amid Oil Oversupply, Betting on Cost Cuts and Encino Synergies.
- Plans $6.5B capex—trimmed from initial $6.6B outlook—thanks to faster-than-expected Encino integration yielding $150M in early synergies and doubled volatile-oil acreage.
- Expects low-single-digit oil growth versus late 2025 amid oversupply, prioritizing ~15% Delaware well cost reductions and digitization for strong economics.
- Commits 90-100% of free cash flow to shareholders via growing ~$4 annualized dividend and buybacks, signaling confidence in cash generation despite market headwinds.
UBS Turns Bullish on Devon Energy as Cost Cuts and Oil Tailwinds Spark Pre-Market Gains
- UBS raised its price target to $46 from $40, pointing to $1 billion in debt reduction by mid-2026 as a major catalyst for shareholder value.
- Devon plans to cut 2026 capital requirements by $100 million versus 2025 levels, with production optimization already lifting output by 20,000 barrels of oil equivalent per day.
- Retail sentiment shifted to neutral from bearish, fueled by drilling tech advances and industry consolidation driving down U.S. costs.
Investment Analysis
Pros
- EOG maintains a durable competitive moat with ROIC exceeding WACC by 8.87% and strong profitability margins of 75.7% gross and 27.39% net.
- Company holds a net cash position with negative net debt to EBITDA ratio of -0.16, supporting financial stability.
- Ongoing cost reductions in Delaware Basin and Eagle Ford, plus Encino integration synergies of $150 million, enhance operational efficiency.
Considerations
- Plans low-to-flat oil production in 2026 amid persistent oil oversupply pressuring prices for several quarters.
- Recent revenue growth slowed to 0.85% over the past year with declining gross profit and EBIT.
- Exposed to high commodity price volatility and operational risks directly impacting cash flow and profitability.
Devon Energy
DVN
Pros
- Devon benefits from strong free cash flow generation in core Permian and Bakken basins amid high oil prices.
- Variable dividend policy returns up to 50% of free cash flow to shareholders, enhancing yield attractiveness.
- Recent debt reduction strengthens balance sheet, improving liquidity and financial flexibility.
Considerations
- Heightened sensitivity to oil price declines due to higher production costs compared to peers.
- Ongoing integration risks from Williston Basin acquisitions could delay synergies and raise execution challenges.
- Cyclical exposure to energy sector volatility and regulatory shifts in key U.S. shale plays.
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EOG Resources (EOG) Next Earnings Date
EOG Resources' next earnings date is scheduled for February 25, 2026, with a conference call and webcast at 10:00 AM EST. This report will cover the fourth quarter and full year 2025 results. The date was announced by the company on January 13, 2026, aligning with estimates from multiple analyst sources.
Devon Energy (DVN) Next Earnings Date
Devon Energy (DVN) is scheduled to report its next earnings on February 17, 2026, after market close. This release will cover the fourth quarter of 2025, aligning with the company's confirmed announcement and consensus estimates across multiple analyst sources. Investors should monitor for updates, as dates are occasionally subject to minor adjustments based on historical patterns.
EOG Resources (EOG) Next Earnings Date
EOG Resources' next earnings date is scheduled for February 25, 2026, with a conference call and webcast at 10:00 AM EST. This report will cover the fourth quarter and full year 2025 results. The date was announced by the company on January 13, 2026, aligning with estimates from multiple analyst sources.
Devon Energy (DVN) Next Earnings Date
Devon Energy (DVN) is scheduled to report its next earnings on February 17, 2026, after market close. This release will cover the fourth quarter of 2025, aligning with the company's confirmed announcement and consensus estimates across multiple analyst sources. Investors should monitor for updates, as dates are occasionally subject to minor adjustments based on historical patterns.
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
OPEC+ Supply Squeeze: Could Shale Stocks Surge?
OPEC+ has decided to limit its oil production increase, causing a climb in global oil prices. This creates a potential investment opportunity in oil and gas companies, especially U.S. shale producers, who can benefit from the higher prices.
Published: October 10, 2025
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Fuel up with investment opportunities in the energy markets. This collection features carefully selected stocks from industry giants and innovators, chosen by professional analysts for their potential in the growing $6.93 trillion global oil and gas market.
Published: May 15, 2025
Explore BasketBuy EOG or DVN in Nemo
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