Company Profile For Devon Energy Corporation

Devon Energy Corporation (Devon) is an independent energy company engaged primarily in oil and gas exploration, development and production, the acquisition of producing properties, the transportation of oil, gas and natural gas liquids and the processing of natural gas. Devon owns oil and gas properties principally in the United States and Canada and, to a lesser degree, various regions located outside North America, including Azerbaijan, Brazil and China. The Company also owns properties in West Africa. In addition to its oil and gas operations, Devon has marketing and midstream operations primarily in North America. These include marketing natural gas, crude oil and natural gas liquids (NGLs), and constructing and operating pipelines, storage and treating facilities and gas processing plants. In June 2008, the Company announced the completion of the sale of its oil and gas business in Equatorial Guinea by GEPetrol.

BRIEF: For the nine months ended 30 September 2009, Devon Energy Corporation's revenues decreased 50% to $6.22B. Net loss from cont. ops. applicable to Common totaled $3.13B vs. an income of $3.72B. Revenues reflect a decrease in Gas sales, a fall in NGL sales, lower oil sales and a significant decrease in marketing & midstream revenues. Net loss reflects the presence of reduction of carrying value of oil & gas properties and a fall in other income.