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Devon Energy Reports Second-Quarter 2020 Financial And Operational Results
Devon Energy Provides Barnett Update, Announces Special Dividend And Outlines Next Steps In Cost-Reduction Plan
Devon Energy Announces Third-Quarter 2020 Cash Dividend For Common Stockholders
Devon Energy Corporation is an independent energy company. The Company operates through its U.S operating segment. Its U.S operating segment is engaged exploration, development and production of oil, natural gas and natural gas liquids (NGL). The Company’s operations are concentrated in various North American onshore areas in the United States. The Company’s operations are focused in four core oil producing areas: the Delaware Basin, Eagle Ford, STACK and Rockies Oil. The Company’s Delaware Basin offers exploration and development opportunities from geologic reservoirs and play types, including the oil-rich Bone Spring, Wolfcamp and Leonard formations. The Company operates approximately 10 rigs in the asset. Its acreage in the Rockies Oil is focused on emerging oil opportunities in the Powder River Basin. Rockies Oil operates two rigs targeting the Turner, Parkman, Teapot and Niobrara formations in northern Converse County of the Powder River Basin.
Oil & Gas Operations
333 W Sheridan Ave
OKLAHOMA CITY, OK
Duane Carl Radtke
Chairman of the Board
David A. Hager
President, Chief Executive Officer, Director
Jeffrey L. Ritenour
Chief Financial Officer, Executive Vice President
Lyndon C. Taylor
Executive Vice President, Chief Legal and Administrative Officer
David Gerard Harris
Executive Vice President, Exploration and Production
Price To Earnings (TTM)
Price To Sales (TTM)
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Total Debt To Equity (MRQ)
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Pioneer Natural Resources <PXD.N> and Devon Energy Corp <DVN.N> plan a variable dividend, executives at the U.S. shale producers said on Wednesday as companies in the battered sector seek ways to reward shareholders after years of poor returns.
Pioneer Natural Resources Co on Tuesday posted a quarterly loss that was smaller than estimates, as the U.S shale producer reined in costs to cushion a blow from the coronavirus-induced plunge in oil prices.
Shale producer Devon Energy Corp has curtailed roughly 10,000 barrels per day of oil production, its chief executive said at an energy conference on Tuesday, but said Devon still expects to end the year with output flat with 2019 levels.
Shale producer Devon Energy Corp has curtailed roughly 10,000 barrels per day of oil production, the company said at an energy conference on Tuesday.
National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.
Oil and gas producer Devon Energy <DVN.N> posted a bigger quarterly loss on Tuesday as it took an asset writedown of $2.8 billion and said it expects to cut 10,000 barrels of a day in the second quarter as oil prices crater.
Oil and gas producer Devon Energy on Tuesday reported a bigger quarterly loss as it took a non-cash impairment charge of $2.8 billion, and said it expects to cut 10,000 barrels of oil per day in the second quarter as oil prices cratered to historic lows.
Oil and gas producer Devon Energy <DVN.N> said on Monday it was further reducing its capital expenditures by $300 million to $1 billion for 2020, citing weak oil prices.
Oil and gas producer Devon Energy on Monday said it is further reducing its capital expenditure by $300 million to nearly $1 billion for 2020, citing weak oil prices.
U.S. oil and gas producer Devon Energy Corp on Thursday cut its 2020 spending forecast by $500 million or nearly 30% to about $1.3 billion, joining its shale peers as the industry battles a slump in crude prices.
U.S. oil and gas producer Devon Energy on Thursday cut spending by $500 million to about $1.3 billion from its prior forecast for 2020, joining its shale peers as the industry battles a slump in crude prices.
Shares of U.S. shale producers Concho Resources <CXO.N>, Devon Energy <DVN.N> and Diamondback Energy <FANG.O> rose on Wednesday after the companies hiked dividends and posted profits that beat Wall Street expectations.
Shares in U.S. shale producers Concho Resources, Devon Energy and Diamondback Energy rose on Wednesday after they hiked dividends and posted profits that beat Wall Street expectations.
Shale producers Concho Resources Inc <CXO.N> and Devon Energy Corp <DVN.N> reined in spending plans for the year as investors try to save cash in the backdrop of weak oil and gas prices.
Devon Energy Corp on Tuesday raised its oil production forecast for the full year, while cutting its spending plans for 2020.
U.S. oil and gas producer Devon Energy Corp said https://bit.ly/2ExoNWW on Wednesday it expects to take a non-cash pretax charge of $650 million to $750 million in the fourth quarter related to the sale of its assets in the Barnett shale in north Texas.
Devon Energy Corp beat Wall Street estimates for adjusted quarterly profit on Tuesday and raised its full-year oil output forecast, as the U.S. oil and gas producer kept a check on expenses.
Devon Energy Corp reported a much smaller quarterly profit on Tuesday, as the U.S. oil and gas producer's year-earlier quarter included a $2.2 billion gain from the sale of its stake in pipeline operator EnLink Midstream.
Devon Energy Corp <DVN.N> raised its full-year oil output forecast and beat estimates for quarterly profit on Tuesday, as the U.S. oil and gas producer drilled more in Delaware basin and sold it at higher prices while keeping a tight lid on expenses.
U.S. oil and gas producer Devon Energy Corp raised its full-year oil production forecast and reported a quarterly profit on Tuesday, benefiting from lower expenses and higher output from its assets in the Delaware basin.
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