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DVN » Topics » Balancing Pay for Near-Term and Longer-Term Performance

This excerpt taken from the DVN DEF 14A filed Apr 27, 2007.
Balancing Pay for Near-Term and Longer-Term Performance
 
To reinforce the importance of balancing the goals of delivering near-term results and creating long-term stockholder value, executive officers regularly are provided both annual and long-term incentives. We believe that properly allocating near-term and longer-term incentives is critical in motivating executives to effectively carry out our two-pronged operating strategy. Overall, the value of an executive’s total compensation opportunity is weighted in favor of long-term incentives.
 
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