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Devon Energy Corp (DVN.N)

DVN.N on New York Stock Exchange

40.60USD
17 Aug 2018
Change (% chg)

$-0.08 (-0.20%)
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Latest Key Developments (Source: Significant Developments)

Devon Energy Increases Cash Dividend
Wednesday, 7 Mar 2018 04:12pm EST 

March 7 (Reuters) - Devon Energy Corp ::DEVON ENERGY INCREASES CASH DIVIDEND 33 PERCENT, ANNOUNCES $1.0 BILLION SHARE-REPURCHASE PROGRAM AND PROGRESSES DEBT REDUCTION PLAN.DEVON ENERGY CORP - NEW QUARTERLY DIVIDEND RATE WILL BE $0.08 PER SHARE.DEVON ENERGY CORP - BOARD OF DIRECTORS AUTHORIZED A $1.0 BILLION SHARE-REPURCHASE PROGRAM OF COMPANY'S COMMON STOCK.  Full Article

Devon Energy ‍To Sell Southern Portion Of Its Barnett Shale Position
Wednesday, 7 Mar 2018 04:12pm EST 

March 7 (Reuters) - Devon Energy Corp ::DEVON ENERGY CORP - ‍TO SELL SOUTHERN PORTION OF ITS BARNETT SHALE POSITION FOR $553 MILLION​.  Full Article

Devon Energy CEO Says Higher Dividends, Stock Buybacks Possible In Future
Wednesday, 21 Feb 2018 11:30am EST 

Feb 21 (Reuters) - Devon Energy Corp ::CHIEF EXECUTIVE DAVE HAGER SAYS NEAR-TERM PRIORITY FOR CASH IS TO CUT DEBT.CEO SAYS STOCK BUYBACK NOT THE BEST MOVE FOR COMPANY RIGHT NOW.CEO SAYS HIGHER DIVIDENDS, STOCK BUYBACKS POSSIBLE IN FUTURE.CEO: 'THERE WILL BE INCREASING SHAREHOLDER RETURNS THIS YEAR'.CEO SAYS WILL SIMPLIFY PORTFOLIO BY SELLING ASSETS, BUT DECLINES TO SAY WHICH ASSETS.EXPECTS OILFIELD SERVICE COST INFLATION IN 2018 OF ABOUT MID- TO HIGH-SINGLE DIGITS.SAYS HAS RIGS NEEDED UNDER CONTRACT TO COMPLETE 2018 DRILLING PROGRAM.SAYS PLANS TO CUT RIG COUNT DURING YEAR FROM 20 TO ABOUT 16 OR 17 DUE TO IMPROVING EFFICIENCIES.SAYS HAS 'LARGELY SECURED' PRESSURE PUMPING NEEDS FOR 2018, WITH PLANS TO USE 7 FRACKING CREWS.SAYS HAS CONTRACTS IN PLACE FOR 'MAJORITY' OF REQUIREMENTS FOR SAND, WATER AND CHEMICALS IN 2018.CEO DESCRIBES THE DELAWARE AND STACK AS THE COMPANY'S TWO KEY CORE ASSETS.CEO SAYS UNDERSTANDS THE 'OPTIONALITY' AROUND OTHER ASSETS IN THE PORTFOLIO.  Full Article

Devon Energy Announces Q4 Earnings Per Share $0.35
Tuesday, 20 Feb 2018 05:10pm EST 

Feb 20 (Reuters) - Devon Energy Corp ::DEVON ENERGY ANNOUNCES THREE-YEAR OUTLOOK AND DETAILED 2018 GUIDANCE; REPORTS FOURTH QUARTER EARNINGS RESULTS.QTRLY TOTAL OIL EQUIVALENT PRODUCTION OF 548 MBOE/D VERSUS 537 MBOE/D.DEVON ENERGY - CHANGES TO U.S. TAX LEGISLATION DID NOT HAVE MATERIAL IMPACT TO DEVON’S Q4 RESULTS.Q4 EARNINGS PER SHARE $0.35.Q4 ADJUSTED CORE EARNINGS PER SHARE $0.38 EXCLUDING ITEMS.QTRLY TOTAL REVENUES $3,983 MILLION VERSUS $2,808 MILLION.Q4 EARNINGS PER SHARE VIEW $0.63, REVENUE VIEW $3.52 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY UPSTREAM REVENUES $1,333 MILLION VERSUS $988 MILLION.SEES Q1 DEVON CAPITAL EXPENDITURES OF $585 MILLION TO $700 MILLION.SEES Q1 TOTAL OIL EQUIVALENT PRODUCTION OF 530 MBOE/D TO 554 MBOE/D.SEES FY TOTAL OIL EQUIVALENT PRODUCTION OF 552 MBOE/D TO 576 MBOE/D.SEES FY DEVON CAPITAL EXPENDITURES OF $2,335 MILLION TO $2,615 MILLION.  Full Article

Devon energy reports third-quarter 2017 results
Tuesday, 31 Oct 2017 04:01pm EDT 

Oct 31 (Reuters) - Devon Energy Corp :Devon Energy reports third-quarter 2017 results.Q3 adjusted core earnings per share $0.46 excluding items.Q3 earnings per share view $0.38 -- Thomson Reuters I/B/E/S.Devon Energy Corp qtrly total revenue and other $‍3,156​ million versus $4,233 million.Devon Energy Corp - qtrly total oil equivalent production of ‍527 ​mboe/d versus 577 MBoe/d.Devon Energy Corp qtrly oil, gas and NGL sales $‍1,245​ million versus $1,113 million.Devon Energy Corp - due to positive operating trends, devon expects E&P capital spending to range from $2.0 billion to $2.1 billion in 2017.Devon Energy - not made changes to 2017 planned activity levels; on track to run about 20 development rigs across U.S. resource plays by end of 2017‍​.Devon Energy Corp sees Q4 total oil equivalent production 551 MBoe/d to 571 MBoe/d‍​.Devon Energy Corp qtrly ‍shr $0.43​.Q3 revenue view $3.17 billion -- Thomson Reuters I/B/E/S.  Full Article

Devon Energy provides hurricane Harvey production update
Friday, 15 Sep 2017 09:20am EDT 

Sept 15 (Reuters) - Devon Energy Corp :Devon Energy provides hurricane Harvey production update.Devon Energy - ‍as precautionary measure for hurricane Harvey, co temporarily suspended operations and shut-in production across its entire Eagle Ford​.Devon Energy Corp - ‍restored production to pre-storm levels across its U.S. operations following hurricane Harvey​.Devon Energy Corp - ‍company has now resumed production from all producing pads in Eagle Ford​.Devon Energy - co estimates impact of hurricane Harvey to reduce net liquids production in Eagle Ford, areas of U.S. by 15,000 barrels per day in Q3.Devon Energy - expects one-time production impact to be confined to Q3 and it represents one-half of 1 percent of co's total expected volumes for FY 2017.Devon Energy - ‍many third-party petrochemical facilities across gulf coast region have now restarted, are in process of ramping up to pre-storm capacity​.Devon - ‍temporary storm-related limitations in downstream petrochemical capacity in Gulf coast region curtailed production in some U.S. operations​ areas.  Full Article

Devon Energy files for potential mixed shelf offering
Thursday, 14 Sep 2017 05:07pm EDT 

Sept 15 (Reuters) - Devon Energy Corp :Devon Energy Corp files for potential mixed shelf offering; size not disclosed - SEC filing .‍​.  Full Article

Devon Energy says ‍co's authorized capital stock consists of 1 bln shares of common stock, par value $0.10 per share​
Thursday, 14 Sep 2017 04:58pm EDT 

Sept 15 (Reuters) - Devon Energy Corp :Devon Energy Corp - ‍Devon's authorized capital stock consists of 1.0 billion shares of common stock, par value $0.10 per share​.Devon Energy Corp - Devon's authorized capital stock consists of 4.5 million shares of preferred stock, par value $1.00 per share - SEC filing.  Full Article

Devon Energy provides preliminary update regarding impact of hurricane harvey
Wednesday, 6 Sep 2017 10:00am EDT 

Sept 6 (Reuters) - Devon Energy Corp :Devon energy provides preliminary update regarding impact of Hurricane Harvey.Devon Energy Corp - company has restarted drilling operations and expects to have vast majority of its affected production online by end of week..Devon Energy Corp - ‍post-storm inspections indicated that devon's producing assets and facilities sustained only minimal damage​.Devon Energy - in preparation for hurricane harvey, temporarily ceased drilling, well-completion activity shut-in production across entire eagle ford position.Devon Energy Corp - ‍expects to have vast majority of its affected production from hurricane harvey to be online by end of week​.  Full Article

Devon Energy lowers 2017 capital outlook by $100 mln
Tuesday, 1 Aug 2017 04:01pm EDT 

Aug 1 (Reuters) - Devon Energy Corp :Devon Energy reports second-quarter 2017 results.Devon Energy says lowering 2017 capital outlook by $100 million.Devon Energy says now expects E&P capital investment to range from $1.9 billion to $2.2 billion in 2017.Q2 earnings per share $0.80.Q2 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.Devon Energy - Q2 total operating revenues $3,273 million versus $2,488 million.Devon Energy - net production averaged 536,000 oil-equivalent barrels (Boe) per day during q2 of 2017​.Devon Energy - Q2 revenue from oil, gas and NGL sales $1,206 million versus $1,085 million.Devon Energy - has not made any changes to its planned activity levels in 2017 and is on track to increase to approximately 20 rigs by end of 2017.Q2 revenue view $3.25 billion -- Thomson Reuters I/B/E/S.Sees 2017 capital expenditures $2,185 million - $2,590 million.Devon Energy - adjusting for items, qtrly core earnings of $0.34 per diluted share.  Full Article

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