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United States

Devon Energy Corp (DVN.N)

DVN.N on New York Stock Exchange

26.34USD
19 Jul 2019
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$0.64 (+2.49%)
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Latest Key Developments (Source: Significant Developments)

Devon Energy Establishes Target To Reduce Methane Emissions
Monday, 10 Jun 2019 11:45am EDT 

June 10 (Reuters) - Devon Energy Corp ::DEVON ENERGY ESTABLISHES TARGET TO REDUCE METHANE EMISSIONS.DEVON ENERGY CORP - BY 2025, DEVON WILL ACHIEVE A METHANE-INTENSITY RATE OF 0.28 PERCENT OR LOWER.  Full Article

Canadian Natural Resources Limited Announces The Acquisition Of Substantially All Of The Assets Of Devon Canada Corporation
Wednesday, 29 May 2019 05:00am EDT 

May 29 (Reuters) - Canadian Natural Resources Ltd ::CANADIAN NATURAL RESOURCES LIMITED ANNOUNCES THE ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS OF DEVON CANADA CORPORATION.CANADIAN NATURAL RESOURCES- DEAL FOR A CASH PURCHASE PRICE OF C$3.775 BILLION.  Full Article

Devon Energy Announces Strategic Exit Of Canadian Business For CAD $3.8 Billion
Wednesday, 29 May 2019 04:58am EDT 

May 29 (Reuters) - Devon Energy Corp ::DEVON ENERGY ANNOUNCES STRATEGIC EXIT OF CANADIAN BUSINESS FOR CAD $3.8 BILLION.DEVON ENERGY CORP - PROCEEDS FROM SALE OF CANADA WILL BE USED FOR DEBT REDUCTION.DEVON ENERGY CORP - DEVON CONTINUES TO ADVANCE DIVESTITURE PROCESS FOR ITS BARNETT SHALE GAS ASSETS IN NORTH TEXAS.DEVON ENERGY CORP - DATA ROOMS FOR BARNETT WILL OPEN IN Q2 OF 2019.  Full Article

Devon Energy Will Not Be Raising Co's Capital Guidance - Conf Call
Wednesday, 1 May 2019 02:15pm EDT 

May 1 (Reuters) - Devon Energy Corp ::EXPECT U.S. OIL BUSINESS TO ACHIEVE AT LEAST $780 MILLION IN SUSTAINABLE ANNUAL COST SAVINGS BY 2021 - CEO, CONF CALL.EXPECT TO USE PROCEEDS FROM CANADA AND BARNETT ASSET SALE TO RETIRE UP TO $3 BILLION OF DEBT - CEO, CONF CALL.SEES Q2 OIL PRODUCTION AT 134-141 MBOD - PRESENTATION.SEES 3-YEAR CUMULATIVE FREE CASH FLOW OF $2.3 BILLION AT $60 WTI FROM NEW DEVON - PRESENTATION.WILL NOT BE RAISING OUR CAPITAL GUIDANCE - CEO, CONF CALL.EXPECT "SOME MINOR GROWTH" IN OIL VOLUME IN THE DELAWARE IN Q2 - CO EXEC. CONF CALL.  Full Article

Devon Energy Says CEO's FY 2018 Total Compensation Was $12.5 Mln Vs $13.4 Mln In 2017
Wednesday, 24 Apr 2019 07:22am EDT 

April 24 (Reuters) - Devon Energy Corp ::DEVON ENERGY CORP SAYS CEO DAVID HAGER'S FY 2018 TOTAL COMPENSATION WAS $12.5 MILLION VERSUS $13.4 MILLION IN FY 2017 - SEC FILING.DEVON ENERGY CORP SAYS CEO PAY RATIO FOR 2018 IS 79:1.  Full Article

Devon Energy Says As Of Dec 31, Co had about 2,900 Employees
Wednesday, 20 Feb 2019 01:33pm EST 

Feb 20 (Reuters) - Devon Energy Corp ::DEVON ENERGY SAYS AS OF DECEMBER 31, 2018, DEVON AND ITS CONSOLIDATED SUBSIDIARIES HAD APPROXIMATELY 2,900 EMPLOYEES - SEC FILING.DEVON ENERGY SAYS AS OF DEC 31, 2017, CO, UNITS HAD ABOUT 4,900 EMPLOYEES, OF WHICH ABOUT 1,500 EMPLOYEES WERE EMPLOYED BY ENLINK.  Full Article

Devon Energy Expects To Close Data Room On Canada Assets By Q1 End -Conf Call
Wednesday, 20 Feb 2019 11:54am EST 

Feb 20 (Reuters) - Devon Energy Corp ::WORKING TO DELIVER AT LEAST $780 MILLION IN ANNUAL COST SAVINGS - CEO, CONF. CALL.EXPECTS E&P CAPITAL IN THE RANGE OF $1.8 BILLION TO $2 BILLION FOR 2019.CURRENTLY EXPECTING A COMPLETE EXIT FROM CANADA AND BARNETT - CFO, CONF. CALL.EXPECTS TO CLOSE DATA ROOM ON CANADA ASSETS BY END OF Q1, BARNETT BY END OF Q2 - CO EXEC, CONF. CALL.  Full Article

Devon Energy Corp Qtrly Total Oil Equivalent Production Net Of Royalties Of 532 MBOE/d Versus 548 MBOE/d
Tuesday, 19 Feb 2019 05:20pm EST 

Feb 19 (Reuters) - Devon Energy Corp ::QTRLY TOTAL OIL EQUIVALENT PRODUCTION NET OF ROYALTIES OF 532 MBOE/D VERSUS 548 MBOE/D.SEES Q1 TOTAL OIL EQUIVALENT PRODUCTION (MBOE/D) 478 - 514.QTRLY TOTAL REVENUES $3,708 MILLION VERSUS $2,380 MILLION.Q4 REVENUE VIEW $2.67 BILLION -- REFINITIV IBES DATA.SEES FULL YEAR TOTAL OIL EQUIVALENT PRODUCTION (MBOE/D) 496 - 531.SEES FULL YEAR CAPITAL EXPENDITURES $2,050 MILLION - $2,310 MILLION.SEES Q1 CAPITAL EXPENDITURES $530 MILLION - $605 MILLION.  Full Article

Devon Energy Corp - Pursuing Separation Of Its Canadian And Barnett Shale Assets
Tuesday, 19 Feb 2019 04:10pm EST 

Feb 19 (Reuters) - Devon Energy Corp ::DEVON ENERGY ANNOUNCES FINAL STEP TO COMPLETE TRANSFORMATION TO U.S. OIL GROWTH COMPANY.DEVON ENERGY CORP - PURSUING SEPARATION OF ITS CANADIAN AND BARNETT SHALE ASSETS.DEVON ENERGY CORP - EXPECT TO COMPLETE SEPARATION BY END OF 2019.DEVON ENERGY CORP - SHARE-REPURCHASE AUTHORIZATION INCREASED TO $5 BILLION.DEVON ENERGY CORP - QUARTERLY DIVIDEND INCREASED 13 PERCENT.DEVON ENERGY CORP - COMMITTED TO AT LEAST $780 MILLION IN ANNUAL COST REDUCTIONS.DEVON ENERGY CORP - ABOUT 70 PERCENT OF ESTIMATED COST REDUCTIONS ARE EXPECTED TO BE ACCOMPLISHED BY YEAR-END 2019.DEVON ENERGY - TO USE POTENTIAL PROCEEDS FROM SEPARATION OF ITS CANADIAN AND BARNETT SHALE ASSETS TO MAINTAIN TARGET DEBT LEVELS OF 1.0-TO-1.5X EBITDA.  Full Article

Devon Energy Corp Enters A $3 Bln Revolving Credit Agreement
Tuesday, 9 Oct 2018 05:15pm EDT 

Oct 9 (Reuters) - Devon Energy Corp ::DEVON ENERGY CORP - ON OCT 5, ENTERED INTO A NEW $3 BILLION REVOLVING CREDIT AGREEMENT - SEC FILING.DEVON ENERGY CORP - AGREEMENT PROVIDES THAT ITS PROCEEDS MAY BE USED FOR BORROWERS' AND THEIR SUBSIDIARIES' GENERAL CORPORATE PURPOSES.DEVON ENERGY CORP - CREDIT AGREEMENT MATURES ON OCTOBER 5, 2023.  Full Article

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Oil producer Canadian Natural doubles down on Canada in $2.8 billion deal with Devon

Oil and gas producer Canadian Natural Resources Ltd said on Wednesday it would buy the Canadian assets of U.S.-based Devon Energy Corp for C$3.8 billion ($2.81 billion) in cash, investing further in Canada's struggling energy sector as some rivals divest.