Reuters logo
Devon Energy posts 2nd-qtr profit vs yr-ago loss
August 1, 2017 / 8:08 PM / 4 months ago

Devon Energy posts 2nd-qtr profit vs yr-ago loss

Aug 1 (Reuters) - U.S. oil and gas producer Devon Energy Corp reported a quarterly profit, compared with a year-ago loss when the company recorded a $1.50 billion asset impairment charge.

The net income attributable to Devon was $425 million, or 80 cents per share, in the second quarter ended June 30, compared with a loss of $1.57 billion, or $3.04 per share, a year earlier.

Production fell nearly 17 percent to 536,000 barrels of oil equivalent per day. (Reporting by John Benny in Bengaluru; Editing by Sriraj Kalluvila)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below