Apart from the largest names in the energy industry, Devon Energy has one of the best balance sheets there is. The company has a huge amount of available liquid cash, and extremely low debt. Numbers like these give a company a lot of flexibility, and a lot of options. In this video, Motley Fool energy analyst Joel South describes for us several of the other feathers in Devon Energy's financial cap, and how this could lead to further debt reduction, share buybacks, or more development for a company already involved in some interesting growth.
Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy and ExxonMobil. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.