Key Takeaways Devon Energy generates strong free cash flow despite commodity price volatility.DVN allocates cash to debt reduction, shareholder returns and reinvestment.Devon invested $3.64B in 2024 and targets$3.7B-$3.9B in 2025.Devon Energy Corporation (DVN) operates within the cyclical upstream sector, where the disciplined capital allocation, multi-basin portfolio and efficient cost structure allow it to consistently deliver strong free cash flow, even amid commodity price volatility. This financial re ...