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Devon Energy Corp

DVN.N

Latest Trade

21.18USD

Change

0.01(+0.05%)

Volume

472,620

Today's Range

20.79

 - 

21.26

52 Week Range

7.74

 - 

26.13

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Devon Energy Issues Updated Guidance Including Impact From Winter Storm And Asset Sale

March 29 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY - EXPECTS OIL PRODUCTION IN Q1 OF 261,000 TO 265,000 BARRELS PER DAY & TOTAL PRODUCTION OF 485,000 TO 499,000 OIL-EQUIVALENT BARRELS PER DAY.DEVON ENERGY CORP - SALE OF WIND RIVER ASSET IN WYOMING IS EXPECTED TO REDUCE 2021 OIL PRODUCTION BY 2,000 BARRELS PER DAY.DEVON ENERGY CORP - FIRST-QUARTER PRODUCTION IS ESTIMATED TO BE REDUCED BY 8 PERCENT DUE TO IMPACT OF SEVERE WINTER WEATHER.DEVON ENERGY CORP - HAS RESTORED ITS PRODUCTION TO PRE-STORM LEVELS AND EXPECTS WEATHER-RELATED DOWNTIME TO BE CONFINED TO Q1.DEVON ENERGY CORP - PER-UNIT EXPENSES ARE EXPECTED TO INCREASE BY ABOUT 5 PERCENT IN Q1 AS A RESULT OF WEATHER IMPACT ACROSS DEVON'S OPERATIONS.

Devon Energy Sees $160 - $200 Mln Of Costs On Closing Merger with WPX Energy

Feb 17 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY - IN CONJUNCTION WITH CLOSING OF MERGER WITH WPX ENERGY, CO ANTICIPATES ABOUT $160 MILLION - $200 MILLION OF RESTRUCTURING AND TRANSACTION COSTS.DEVON ENERGY CORP - EXPECTS TO RECOGNIZE MAJORITY OF RESTRUCTURING CHARGES IN Q1 OF 2021 AND WILL RECOGNIZE REMAINING COSTS THROUGHOUT 2021.DEVON- INCLUDING $85 MILLION OF EMPLOYEE RETIREMENT PLAN DISTRIBUTIONS, ESTIMATES $220 MILLION-$255 MILLION OF TOTAL COSTS WILL RESULT IN FUTURE CASH EXPENDITURES.

Encap Partners GP LLC Reports 13.2% Stake In Devon Energy As Of Jan. 7

Jan 13 (Reuters) - Devon Energy Corp <DVN.N>::ENCAP PARTNERS GP, LLC REPORTS 13.2% STAKE IN DEVON ENERGY AS OF JAN. 7 - SEC FILING.

BKV Says Funds Managed By Oaktree Capital Management L.P. Invested $100 Mln In Preferred Equity In BKV

Dec 16 (Reuters) - BKV Corporation: :BKV CORPORATION - FUNDS MANAGED BY OAKTREE CAPITAL MANAGEMENT L.P. INVESTED $100 MILLION IN PREFERRED EQUITY IN BKV TOWARDS BKV'S DEAL WITH DEVON ENERGY.BKV CORPORATION - OAKTREE HAS COMMITTED TO INVEST AN ADDITIONAL $600 MILLION IN FUTURE MUTUALLY AGREED UPON OPPORTUNITIES IN NATURAL GAS.

Devon Energy Completes Sale Of Barnett Shale Assets

Oct 1 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY COMPLETES SALE OF BARNETT SHALE ASSETS.COMPLETED SALE OF ITS ASSETS IN BARNETT SHALE TO BANPU KALNIN VENTURES.RECEIVED A CASH PAYMENT OF $320 MILLION FROM BKV AT CLOSING.SALE AGREEMENT WITH BKV PROVIDES DEVON OPPORTUNITY FOR CONTINGENT CASH PAYMENTS OF UP TO $260 MILLION.CONTINGENT PAYMENT PERIOD COMMENCES ON JAN. 1, 2021 AND HAS A TERM OF FOUR YEARS.

Devon Energy Corp Says Wpx Deal Has A Termination Fee Equal To $75 Million

Sept 28 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY CORP - WPX DEAL HAS A TERMINATION FEE EQUAL TO $75 MILLION.

Devon Energy And Wpx Energy To Combine In Merger Of Equals

Sept 28 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY AND WPX ENERGY TO COMBINE IN MERGER OF EQUALS, CREATING A LEADING ENERGY COMPANY FOCUSED ON GENERATING FREE CASH FLOW AND RETURN OF CAPITAL TO SHAREHOLDERS.DEVON ENERGY - WPX SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 0.5165 SHARES OF DEVON COMMON STOCK FOR EACH SHARE OF WPX COMMON STOCK OWNED.DEVON ENERGY CORP - DEAL FOR ENTERPRISE VALUE FOR COMBINED ENTITY OF APPROXIMATELY $12 BILLION.DEVON ENERGY CORP - DAVE HAGER TO SERVE AS EXECUTIVE CHAIRMAN OF BOARD; RICK MUNCRIEF TO SERVE AS PRESIDENT AND CEO.DEVON ENERGY CORP - ALL-STOCK TRANSACTION ACCRETIVE TO PER-SHARE METRICS IN YEAR ONE AND MAINTAINS FINANCIAL STRENGTH.DEVON ENERGY CORP - UPON COMPLETION OF TRANSACTION, DEVON SHAREHOLDERS WILL OWN APPROXIMATELY 57 PERCENT OF COMBINED COMPANY.DEVON ENERGY CORP - WPX SHAREHOLDERS WILL OWN APPROXIMATELY 43 PERCENT OF COMBINED COMPANY.DEVON ENERGY - FUNDS MANAGED BY ENCAP INVESTMENTS OWN ABOUT 27% OF WPX SHARES & ENTERED INTO SUPPORT AGREEMENT TO VOTE IN FAVOR OF TRANSACTION.DEVON ENERGY - FOLLOWING MERGER, BOARD OF DIRECTORS WILL CONSIST OF 12 MEMBERS, 7 DIRECTORS FROM CO & 5 FROM WPX INCLUDING LEAD INDEPENDENT DIRECTOR.DEVON ENERGY CORP - COMBINED CO'S EXECUTIVE TEAM WILL INCLUDE JEFF RITENOUR AS EXECUTIVE VICE PRESIDENT AND CFO.DEVON ENERGY CORP - COMBINED COMPANY WILL BE HEADQUARTERED IN OKLAHOMA CITY.

Devon Energy Announces Fourth-Quarter 2020 Cash Dividend For Common Stockholders

Sept 16 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY ANNOUNCES FOURTH-QUARTER 2020 CASH DIVIDEND FOR COMMON STOCKHOLDERS.DEVON ENERGY CORP - DIVIDEND IS PAYABLE ON DEC. 30, 2020, AT A RATE OF $0.11 PER SHARE.

Devon Energy Reports Second-Quarter 2020 Financial And Operational Results

Aug 4 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY REPORTS SECOND-QUARTER 2020 FINANCIAL AND OPERATIONAL RESULTS.QTRLY DILUTED NET LOSS PER SHARE $1.78.QTRLY CORE LOSS PER SHARE $0.18.QTRLY TOTAL REVENUES $394 MILLION VERSUS $1,806 MILLION.QTRLY OIL, GAS AND NGL SALES $424 MILLION VERSUS $936 MILLION.Q2 EARNINGS PER SHARE VIEW $-0.26, REVENUE VIEW $1.12 BILLION -- REFINITIV IBES DATA.PLAN TO USE CASH ON HAND TO REPURCHASE UP TO $1.5 BILLION OF ADDITIONAL DEBT.EXPECT TO ACHIEVE $300 MILLION OF SUSTAINABLE CASH COST SAVINGS BY YEAR END.ACCELERATING BARNETT SHALE CLOSING TO OCT. 1, 2020, FROM PREVIOUSLY SCHEDULED DATE OF DEC. 31, 2020.LOWERING FULL-YEAR 2020 E&P CAPITAL EXPENDITURE GUIDANCE TO A RANGE OF $950 MILLION TO $1 BILLION.EXPECTS TO INVEST APPROXIMATELY $175 MILLION TO $225 MILLION OF UPSTREAM CAPITAL. IN 2020.RAISING FULL-YEAR OIL PRODUCTION FORECAST IN 2020 TO A RANGE OF 148,000 TO 152,000 BARRELS PER DAY.EXPECTS OIL PRODUCTION TO DECLINE TO A RANGE OF 138,000 TO 143,000 BARRELS PER DAY IN 2020.LOWERING 2020 EXPENSE OUTLOOK ACROSS MOST CASH COST CATEGORIES.

Devon Energy Provides Barnett Update, Announces Special Dividend And Outlines Next Steps In Cost-Reduction Plan

Aug 4 (Reuters) - Devon Energy Corp <DVN.N>::DEVON ENERGY PROVIDES BARNETT UPDATE, ANNOUNCES SPECIAL DIVIDEND AND OUTLINES NEXT STEPS IN COST-REDUCTION PLAN.DEVON ENERGY CORP - BOARD OF DIRECTORS DECLARES A $100 MILLION SPECIAL DIVIDEND IN CONJUNCTION WITH BARNETT CLOSING.DEVON ENERGY CORP - EXPECT TO ACHIEVE $300 MILLION OF SUSTAINABLE CASH COST SAVINGS BY YEAR-END.DEVON ENERGY CORP - PLAN TO USE CASH ON HAND TO REPURCHASE UP TO $1.5 BILLION OF ADDITIONAL DEBT.DEVON ENERGY CORP - ACCELERATING BARNETT SHALE CLOSING TO OCT. 1, 2020, FROM PREVIOUSLY SCHEDULED DATE OF DEC. 31, 2020.DEVON ENERGY CORP - COST-REDUCTION PLAN INCLUDES SEVERAL ACTIONS TO BETTER ALIGN WORKFORCE WITH GO-FORWARD ACTIVITY LEVELS.DEVON ENERGY CORP - DEBT-REDUCTION PROGRAM IS EXPECTED TO RESULT IN A GO-FORWARD INTEREST SAVINGS OF APPROXIMATELY $75 MILLION ON AN ANNUAL RUN-RATE BASIS.DEVON ENERGY CORP - REDUCTION OF CASH COSTS ACROSS EXPECTED TO DRIVE DOWN PER-UNIT EXPENSES BY INCREMENTAL 10% VERSUS Q2 2020 RESULTS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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