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Analytical Report: Devon Energy And Kinder Morgan

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Analytical Report Devon Energy & Kinder Morgan James Visconti Belk College of Business COMM 3160 Professor Joy Davis April 21, 2023 Table of Contents I. Abstract……………………………………………………………………………….. pg.2 II. Introduction…………………………………………………………………………… pg.3 III. Description……………………………………………………………………………. pg.3 IV. Market Position/Growth Potential……………………………………………………. pg.4 V. Ability to Compete…...……………………………………………………………….. pg.5 VI. Financial Analysis…………………………………………………………………….. pg.6 VII. Recent Publicity………………………………………………………………………. pg.7 VIII. Conclusion……………………………………………………………………………. pg.8 IX. References…………………………………….………………………………………. pg.9 Abstract The goal of this article is to compare Devon Energy (DVN) and Kinder Morgan …show more content…

The business model of the company is centered on long-term contracts with its customers, which provide a consistent and predictable stream of revenue (Kinder Morgan, "KMI History"). KMI has an excellent financial track record, with a history of stable revenue growth and dividend payments to shareholders. KMI has a good financial track record, with a history of consistent revenue growth and dividend payments to shareholders. In 2022, the company generated $19.2 billion in revenue and $2.5 billion in net profits (Kinder Morgan, "Kinder Morgan Reports Fourth Quarter 2022 Results"). This is a significant improvement from 2021, when KMI's revenue was only $12.8 billion and net income was $1.4 billion (Kinder Morgan, "Kinder Morgan Reports Fourth Quarter 2022 Results"). Furthermore, the board of directors of Kinder Morgan approved an increase in share repurchase authorization from $2.0 billion to $3.0 billion (Kinder Morgan, "Kinder Morgan Reports Fourth Quarter 2022 Results"). This is a very positive sign for shareholders and investors seeking a company with a strong financial history. Furthermore, Kinder Morgan's operational costs are significantly low at only $15.2 billion (Kinder Morgan, "Kinder Morgan Reports Fourth Quarter 2022 Results"), leaving them with a sizable $4 billion in operating income in …show more content…

Devon will be able to diversify its products because of this merger into other sectors of the energy globe. The partnership included a $10 million strategic investment by Devon Energy, which will enable Devon "generate free cash flow and return capital to shareholders" (Devon Energy, " Fervo Energy Announces Investment from US Oil and Gas Leader Devon Energy "). As previously stated, renewable energy is the way of the future, therefore it is encouraging to see a corporation like Devon taking a significant step in that

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