Edition:
United States

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.