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flag Devon Energy plans to boost profits by $1 billion annually through efficiency and cost cuts.

flag 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. flag 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. flag The company will provide updates on progress during its earnings call on May 7.

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