Nov 6 (Reuters) - Devon Energy Corp on Tuesday reported a jump in quarterly profit, as the oil producer gained from the sale of its stakes in pipeline operator EnLink Midstream.
The company’s net income attributable to shareholders rose to $2.5 billion, or $5.14 per share, in the third quarter ended Sept.30, from $193 million, or 37 cents per share, a year earlier.
In June, Devon Energy said it would sell its stakes in EnLink Midstream for $3.13 billion to pare debt and focus on its core shale business.
Total revenue rose to $2.58 billion from $1.93 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel)