戴文能源公司Devon Energy Corporation (DVN) 2014年年度报告「NYSE」.pdf

1、Commitment Runs DeepDevon Energy 2014 Letter to Shareholders and Form 10-Krepositioned portfolio and improved execution,provide us flexibility to continue to invest in high-return projects and maintain operational continuity in our core plays,in spite of the challenged commodity price environment.We

2、 have set our 2015 initial capital budget at$4.1 to$4.4 billion for exploration and production projects,a 20 percent decrease from 2014.Despite the lower capital budget,we still expect to grow oil production by 20 to 25 percent this year.We will continue to monitor market conditions and adjust capit

3、al as necessary to maintain flexibility.We must be ever mindful that cycles and fluctuations are inherent in our business.Adapting to change is a key to our ongoing success.But some things,like our core values,never change.We maintain a steadfast commitment to foster a corporate culture based on acc

4、ountability and integrity,while delivering top-quartile share returns.Being a premier independent oil and natural gas company in North America requires a social license to operate that is earned through the trust and acceptance of our shareholders,royalty owners,neighbors,policymakers and other stak

5、eholders.Our 2015 Corporate Social Responsibility Report,available on our website at ,provides an overview of Devons safe and responsible operations,community engagement and giving,environmental stewardship,employee wellness and much more.I have had the honor of leading this great company as preside

6、nt since 2004 and chief executive officer since 2010 and,over that time,the company has achieved many notable milestones.As we enter the next phase of Devons growth,Dave Hager,our chief operating officer,will become president and CEO upon my retirement in July.Dave has been intimately involved in th