$DVN (Devon Energy Corporation)

$DVN {{ '2016-06-16T14:50:29+0000' | timeago}} • Announcement

$DVN now expects its full-year 2016 upstream capital program to range of $1.1-1.3Bil, an increase of $200MM from prior guidance. The incremental capital investment will be deployed in the Delaware Basin and the Oklahoma STACK play beginning in 3Q16 with the addition of three operated rigs. $DVN is evaluating further accelerating activity in 4Q16.

$DVN {{ '2017-11-29T17:56:37+0000' | timeago}} • Announcement

Energy company $DVN has declared a cash dividend of $0.06 per share on its common stock, for the first quarter of 2018. The dividend is payable on March 29, 2018, to shareholders of record on March 15, 2018.

$APA {{ '2017-11-02T12:35:40+0000' | timeago}} • Announcement

$APA continued its recovery from the long spell of losses, but at a slower pace. The oil explorer posted earnings of $0.16 per share in 3Q17, compared to a $1.6 per share loss last year. The improvement was supported by a 10% growth in revenues to $1.6Bil, though operations were affected by hurricane. Among peers, $DVN reported EPS of $0.43 in 3Q.

$DVN {{ '2017-11-01T16:48:44+0000' | timeago}} • Webcast

$DVN said it is on target to reduce debt by at least $1Bil over the next year. The company has identified 29 new projects in the STACK and Delaware basin, with the potential for completion in the next two years.

$DVN {{ '2017-11-01T15:55:36+0000' | timeago}} • Webcast

$DVN said it is planning an upstream budget of $2-$2.5Bil for FY18, and targets to bring online 25% more ‘development wells’, compared to this year. The strategy is expected to increase oil production in the STACK and Delaware basin by  20% next year.  Going forward, the company’s divestiture program is expected to strengthen its finances further.

$DVN {{ '2017-11-01T15:34:46+0000' | timeago}} • Webcast

Providing details of its ‘2020 vision,’ $DVN said the top objective is to return capital to shareholders, while adopting a disciplined approach to capital allocation. Potential proceeds from Devon’s planned portfolio rationalization efforts will be balanced between debt reduction, reinvestment in core business and returning cash to shareholders.

$DVN {{ '2017-10-31T22:00:16+0000' | timeago}} • Infographic

$DVN Devon Energy Corp. Earnings AlphaGraphic: Q3 2017 Highlights

$DVN {{ '2017-10-31T20:58:38+0000' | timeago}} • Announcement

$DVN said it expects overall production to be in the range of 551-571 MBoe/d in 4Q17. Marketing and midstream operating profit is forecast between $245MM and $265MM, and general & administrative expenses between $150MM and $170MM. Devon is looking for capital expenditures of $740-$815MM for fourth quarter.

$DVN {{ '2017-10-31T20:46:28+0000' | timeago}} • Announcement

Operations of shale driller $DVN were impacted by the hurricane in the third quarter of 2017, resulting in a sharp fall in revenues and profit. Earnings plunged 77% to $0.43 per share. Offsetting the benefits of Devon’s cost-cutting initiatives, revenues dropped 25% YoY to $3.2Bil. Overall production declined 9% to 527 MBoe/d.

$DVN {{ '2017-09-13T15:44:50+0000' | timeago}} • Announcement

$DVN declared a quarterly cash dividend of $0.06 per share on its common stock for 4Q17, payable on Dec. 29, 2017 based on a record date of Dec. 15, 2017.

$DVN {{ '2017-09-13T15:01:42+0000' | timeago}} • Announcement

$DVN's BoD declared a quarterly cash dividend on its common stock for 4Q17 of $0.06 per share. The dividend is payable on Dec. 29, 2017, to stockholders of record as of Dec. 15, 2017.

$DVN {{ '2017-07-31T15:31:12+0000' | timeago}} • Announcement

$DVN has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its US operations, proceeds from the company’s recently announced $1Bil divestiture program have now reached $340MM. The Lavaca County transaction is expected to close by the end of 2017.

$DVN {{ '2017-07-31T12:25:51+0000' | timeago}} • Announcement

$DVN agreed monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its U.S. operations, proceeds from its recent $1Bil divestiture program have now reached $340MM. The transaction is expected to close by end of 2017.

$DVN {{ '2017-06-07T15:28:57+0000' | timeago}} • Announcement

$DVN has declared a quarterly cash dividend on its common stock for the third quarter of 2017. The dividend is payable on September 29, 2017, based on record date of September 15, 2017.

$DVN {{ '2017-05-03T16:24:43+0000' | timeago}} • Webcast

$DVN expects to see a significant upside to its risked inventory with additional appraisal activities. The company said a significant portion of appraisal dollars in Delaware Basin will be going into additional Wolfcamp wells in 2H17. Additionally, the company plans to do a lot of appraisal work in STACK.

$DVN {{ '2017-05-03T16:19:44+0000' | timeago}} • Webcast

$DVN has a very positive view on the Wolfcamp and said it will continue to deploy capital going forward. In terms of the areas of focus for 2017, the company said about 50% to 60% of well activity will be focused in both Leonard and Wolfcamp.

$DVN {{ '2017-05-03T10:31:57+0000' | timeago}} • Announcement

$DVN expects 2Q17 oil production of 230,000-240,000 barrels per day due to a planned turnaround at the company's Jackfish 3 facility and the timing of completions and new well tie-ins within the U.S. The reduced completion and tie-in activity in 2Q within the U.S. is expected to be driven entirely by the company's Eagle Ford asset.

$DVN {{ '2017-05-03T10:29:54+0000' | timeago}} • Announcement

$DVN continued to accelerate investment across its asset portfolio and exited 1Q17 with 15 rigs running. With these higher activity levels, $DVN continued to build operational momentum across its world-class U.S. resource plays by commencing production on more than 70 new wells in the quarter that achieved 30-day rates averaging 1,800 Boe per day.

$DVN {{ '2017-05-03T10:27:27+0000' | timeago}} • Announcement

$DVN's oil production for 1Q17 averaged 261,000 barrels per day, a 7% increase compared to 4Q16. The strong growth in oil production was driven entirely by the company's U.S. resource plays, where the company is attaining the highest margins within its portfolio.

$DVN {{ '2017-05-03T10:25:12+0000' | timeago}} • Announcement

$DVN swung to a profit in 1Q17 from a loss last year, on higher revenue as well as lower costs and expenses. Net income was $565MM or $1.07 per share compared to a loss of $3.06Bil or $6.44 per share in 1Q16. Revenue grew 59% to $3.55Bil, on higher commodity price realizations and product mix shift to higher-margin oil output. Core EPS was $0.41.

$DVN {{ '2017-05-02T20:57:43+0000' | timeago}} • Announcement

$DVN intends to divest approx. $1Bil of upstream assets across its portfolio. The non-core assets include select portions of the Barnett Shale focused primarily around Johnson County and other properties located principally within $DVN's US resource base. $DVN expects to commence the divestiture in 2Q17 and complete it over the next 12-18 months.

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