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Devon Energy plans to boost profits by $1 billion annually through efficiency and cost cuts.
Devon Energy has launched a business optimization plan to boost margins and cash flow, aiming for $1 billion in annual pre-tax improvements by 2026.
The plan includes enhancing capital and production efficiency, seizing commercial opportunities, and reducing corporate costs, with 30% of the savings expected by year-end 2025.
The company will provide updates on progress during its earnings call on May 7.
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Devon Energy planea aumentar las ganancias en mil millones de dólares anuales a través de eficiencia y recortes de costos.