Devon Energy
Q1 2022 Earnings Call
May 03, 2022, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to Devon Energy's first quarter 2022 conference call. [Operator instructions] This call is being recorded. I'd now like to turn the call over to Scott Coody, vice president of investor relations. Sir, you may begin.
Scott Coody -- Vice President, Investor Relations
Good morning, and thank you to everyone for joining us on the call today. Last night, we issued an earnings release and presentation that cover our results for the quarter and updated outlook. Throughout the call today, we will make references to the earnings presentation to support prepared remarks, and these slides can be found on our website. Also joining me on the call today are Rick Muncrief, our president and CEO; Clay Gaspar, our chief operating officer; Jeff Ritenour, our chief financial officer; and a few other members of our senior management team.
Comments today will include plans, forecasts, and estimates that are forward-looking statements under U.S. securities law. These comments are subject to assumptions, risks, and uncertainties that could cause actual results to differ from our forward-looking statements. Please take note of the cautionary language and risk factors provided in our SEC filings and earnings materials.
With that, I'll turn the call over to Rick.
Rick Muncrief -- President and Chief Executive Officer
Thank you, Scott. Great to be here this morning. We appreciate everyone taking the time to join us on the call today. As we all know, it's been an extraordinary time in the world, including the energy markets over the past few months.
While no one could have accurately predicted the timing or the wide-ranging impact of the recent geopolitical events, I can assure you that our team at Devon deeply understands the importance of our role in providing energy security to the U.S. We take pride in providing our great nation, a reliable, safe and cost-advantaged source of energy. The first quarter operational results are yet another example of the resolve and dedication to our mission here at Devon. Our people overcame multiple bouts of extreme winter weather and fought through the challenges of a tight supply chain to not only meet but exceed oil production targets for the quarter.
We were also able to keep a lid on inflation and deliver these volumes in a very cost-effective way. This type of tough and resilient performance is what defines us and I want to congratulate the entire Devon team for getting the job done the right way amid some very challenging conditions. Now turning to Slide 5. The first key message I want to convey is that the execution of our disciplined operating plan resulted in yet another quarter of impressive financial results.