Devon Energy (DVN) is a public company. Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio touching the Anadarko Basin, Eagle Ford, Marcellus Shale, Powder River Basin, Williston Basin, and anchored by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate resilient free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. Founded in 1971. It has 5,653 employees. IPO 1998.

Transcript

Operator

Welcome to Devon Energy's second quarter 2026 conference call. At this time, all participants are in a listen-only mode. This call is being recorded. After today's prepared remarks, we will host a question and answer session. I'd now like to turn the call over to Mr. Dan Guffey. Dan, you may begin.

Dan Guffey — Senior VP of Corporate Finance

Good morning. Thank you for joining us on the call today. Last night, we issued Devon's second quarter 2026 earnings release and presentation materials. Throughout the call today, we will make reference to these materials to support prepared remarks. The release and slides can be found in the Investors section of the devon website. Joining me on the call today are Clay Gaspar, our President and Chief Executive Officer, Shane Young, our Executive Vice President and Chief Financial Officer, and other members of the executive management team. As a reminder, this call will include forward-looking statement as defined under U.S. securities laws. These statements involve risks and uncertainties that may cause actual results to differ materially from our forecast. Please refer to the cautionary language and risk factors provided in our SEC filings and earnings materials. Please note, Devon's second quarter results reflect legacy Devon operations for the full quarter, plus Coterra beginning on May 7th. I'll turn the call over to Clay.

Clay Gaspar — President and CEO

Thank you, Dan. Good morning, everyone. This morning I'm excited to discuss our strong Q2 execution, the company's differentiated technology platform, assets and operational prowess, and the significant progress we've made in just under 100 days since the close of our merger with Coterra. First, let's turn to slide two of our investor deck we published yesterday. I want to start with who Devon is, an operations-focused,