Devon Energy Rallied Nearly 15% in Q1 While the Nasdaq Had Its Worst Quarter Since the Bear Market

Devon Energy (NYSE: DVN) got off to a great start in 2025. The oil company's stock price surged 14.3% in the first quarter, according to data from S&P Global Market Intelligence. What made that rally all the more impressive is that it came amid a tough period for the broader market. The S&P 500 was down 4.6% while the Nasdaq slumped 10.4%, its biggest drop since the bear market of 2022. Here's a look at what fueled Devon's strong first-quarter rally and whether it has the fuel to continue heading higher.The first quarter was a relatively quiet period for Devon Energy. The only notable news was the oil company's fourth-quarter earnings report, which came out in mid-February. In commenting on the report, CEO Rick Muncrief stated: "I am proud to report that Devon ended 2024 with exceptionally strong results. Our operational performance was outstanding, underpinning robust financial outcomes and generating significant free cash flow." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool