Devon CEO Says Harvey Won't Significantly Impact Earnings

The video discusses the impact of a hurricane on production and employee safety, highlighting the recovery efforts. It covers asset management strategies in Eagle Ford, including potential acquisitions and divestments. The Vision 2020 strategy focuses on capital spending in Delaware and STACK plays, with plans for further divestments. The company's market position and future capital expenditure plans are outlined, emphasizing the need for consistent results. Finally, the impact of government policies on the oil and gas industry is analyzed, noting the supportive environment created by the Trump administration.

What was the primary concern for Devon Energy during the storm's impact on the Eagle Ford area?

• Maintaining production levels

• Ensuring employee safety

• Protecting equipment

• Securing financial assets

What is Devon Energy's current approach towards acquiring new assets?

• Partnering with other companies for acquisitions

• Selling off all current assets

• Focusing on executing existing opportunities

• Aggressively acquiring new assets

What is the main focus of Devon Energy's Vision 2020 strategy?

• Developing renewable energy sources

• Increasing natural gas production

• Concentrating capital spending in Delaware and STACK plays

• Expanding into new international markets

How does Devon Energy plan to maintain a strong balance sheet?

• By reducing production

• Through additional divestments

• By increasing debt

• By cutting employee salaries

What is a potential outcome if Devon Energy sells its assets in the Eagle Ford?

• Increased focus on renewable energy

• Greater market confidence in their strategy

• Loss of market share

• Decrease in stock value

What has been the impact of the Trump administration on the oil and gas industry according to Devon Energy?

• Higher taxes

• Reduced market opportunities

• Supportive environment for growth

• Increased regulations

What is Devon Energy's commitment towards energy production?

• Reducing workforce to cut costs

• Environmentally responsible energy production

• Focusing solely on oil production

• Maximizing profits at any cost