$DVN (Devon Energy Corporation)

$DVN {{ '2016-03-03T13:23:39+0000' | timeago}} • SEC

$DVN's marketing and midstream operating profit for 2015 slid by 1% from 2014, due to full year of EnLink's legacy asset operations compared to prior year and facility expansions coming online in late 2014, along with assets acquired during 2015. The change was offset by fall in marketing activities due to decline in commodity prices.

$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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