This Top Oil Stock Smart Plan Puts It in a Stronger Position to Weather Volatile Crude Oil Prices

Devon Energy (NYSE: DVN) has spent several years building a larger-scale, low-cost U.S. onshore oil and gas producer. That strategy enables the company to produce more free cash flow. It also puts the company in a better position to withstand lower oil prices. In 2025, it will only need crude oil to average around $45 a barrel to generate enough cash to break even with its funding plan. With crude recently below $60 a barrel, the oil company is in a much better position to handle this year's oil price slump. Meanwhile, its plan to take out an additional $1 billion of costs over the next two years will further enhance its ability to generate cash and weather lower oil prices in the future.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool