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Devon Energy Corp (DVN.N)

DVN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Devon Energy Says CEO's FY 2018 Total Compensation Was $12.5 Mln Vs $13.4 Mln In 2017
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Devon Energy Corp ::DEVON ENERGY CORP SAYS CEO DAVID HAGER'S FY 2018 TOTAL COMPENSATION WAS $12.5 MILLION VERSUS $13.4 MILLION IN FY 2017 - SEC FILING.DEVON ENERGY CORP SAYS CEO PAY RATIO FOR 2018 IS 79:1.  Full Article

Devon Energy Says As Of Dec 31, Co had about 2,900 Employees
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Devon Energy Corp ::DEVON ENERGY SAYS AS OF DECEMBER 31, 2018, DEVON AND ITS CONSOLIDATED SUBSIDIARIES HAD APPROXIMATELY 2,900 EMPLOYEES - SEC FILING.DEVON ENERGY SAYS AS OF DEC 31, 2017, CO, UNITS HAD ABOUT 4,900 EMPLOYEES, OF WHICH ABOUT 1,500 EMPLOYEES WERE EMPLOYED BY ENLINK.  Full Article

Devon Energy Expects To Close Data Room On Canada Assets By Q1 End -Conf Call
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Devon Energy Corp ::WORKING TO DELIVER AT LEAST $780 MILLION IN ANNUAL COST SAVINGS - CEO, CONF. CALL.EXPECTS E&P CAPITAL IN THE RANGE OF $1.8 BILLION TO $2 BILLION FOR 2019.CURRENTLY EXPECTING A COMPLETE EXIT FROM CANADA AND BARNETT - CFO, CONF. CALL.EXPECTS TO CLOSE DATA ROOM ON CANADA ASSETS BY END OF Q1, BARNETT BY END OF Q2 - CO EXEC, CONF. CALL.  Full Article

Devon Energy Corp Qtrly Total Oil Equivalent Production Net Of Royalties Of 532 MBOE/d Versus 548 MBOE/d
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Devon Energy Corp ::QTRLY TOTAL OIL EQUIVALENT PRODUCTION NET OF ROYALTIES OF 532 MBOE/D VERSUS 548 MBOE/D.SEES Q1 TOTAL OIL EQUIVALENT PRODUCTION (MBOE/D) 478 - 514.QTRLY TOTAL REVENUES $3,708 MILLION VERSUS $2,380 MILLION.Q4 REVENUE VIEW $2.67 BILLION -- REFINITIV IBES DATA.SEES FULL YEAR TOTAL OIL EQUIVALENT PRODUCTION (MBOE/D) 496 - 531.SEES FULL YEAR CAPITAL EXPENDITURES $2,050 MILLION - $2,310 MILLION.SEES Q1 CAPITAL EXPENDITURES $530 MILLION - $605 MILLION.  Full Article

Devon Energy Corp - Pursuing Separation Of Its Canadian And Barnett Shale Assets
Tuesday, 19 Feb 2019 

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.  Full Article

Devon Energy Corp Enters A $3 Bln Revolving Credit Agreement
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Devon Energy Corp ::DEVON ENERGY CORP - ON OCT 5, ENTERED INTO A NEW $3 BILLION REVOLVING CREDIT AGREEMENT - SEC FILING.DEVON ENERGY CORP - AGREEMENT PROVIDES THAT ITS PROCEEDS MAY BE USED FOR BORROWERS' AND THEIR SUBSIDIARIES' GENERAL CORPORATE PURPOSES.DEVON ENERGY CORP - CREDIT AGREEMENT MATURES ON OCTOBER 5, 2023.  Full Article

Devon Energy Provides Update On $4 Bln Share-Repurchase Program
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Devon Energy Corp ::DEVON ENERGY PROVIDES UPDATE ON $4 BILLION SHARE-REPURCHASE PROGRAM.DEVON ENERGY CORP - EXPECTS TO REPURCHASE APPROXIMATELY AN INCREMENTAL $500 MILLION BEFORE ITS Q3 EARNINGS CALL.DEVON ENERGY CORP - NOW EXPECTS TO COMPLETE ITS $4 BILLION SHARE-REPURCHASE PROGRAM IN EARLY 2019.DEVON ENERGY CORP - ON TRACK TO REPURCHASE NEARLY 20 PERCENT OF COMPANY'S OUTSTANDING COMMON STOCK.  Full Article

Devon Energy Announces Q3 Cash Dividend At $0.08/Share
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Devon Energy Corp ::DEVON ENERGY ANNOUNCES THIRD-QUARTER 2018 CASH DIVIDEND FOR COMMON STOCKHOLDERS.DEVON ENERGY CORP - DECLARED A QUARTERLY CASH DIVIDEND ON DEVON'S COMMON STOCK FOR Q3 OF 2018 AT A RATE OF $0.08 PER SHARE.  Full Article

Devon Energy Monetizes Interests In EnLink Midstream
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Devon Energy Corp ::DEVON ENERGY MONETIZES INTERESTS IN ENLINK MIDSTREAM, INCREASES SHARE-REPURCHASE PROGRAM TO $4 BILLION.ENTERED INTO AN AGREEMENT TO SELL ITS AGGREGATE OWNERSHIP INTERESTS IN ENLINK MIDSTREAM PARTNERS.TO SELL AGGREGATE OWNERSHIP INTERESTS IN ENLINK MIDSTREAM PARTNERS, AND ENLINK MIDSTREAM, FOR $3.125 BILLION.BOARD OF DIRECTORS HAS INCREASED SIZE OF COMPANY'S SHARE-REPURCHASE AUTHORIZATION TO $4 BILLION.ENLINK SALE TO REDUCE DEVON'S CONSOLIDATED DEBT BY 40 PERCENT.ACCRETIVE TRANSACTION VALUES ENLINK OWNERSHIP AT 12 TIMES CASH FLOW.NO INCREMENTAL CORPORATE CASH TAXES RESULTING FROM TRANSACTION.NO INCREMENTAL CORPORATE CASH TAXES RESULTING FROM TRANSACTION.ENLINK PROCEEDS, COMBINED WITH PROCEEDS FROM NON-CORE E&P ASSETS ALREADY SOLD , WILL EXCEED $5 BILLION DIVESTITURE TARGET.DEVON ENERGY - CO WILL EXTEND FIXED-FEE GATHERING AND PROCESSING CONTRACTS WITH RESPECT TO BRIDGEPORT AND CANA PLANTS WITH ENLINK THROUGH 2029.DEVON ENERGY - UPON CLOSE OF DEAL, FINANCIAL RESULTS OF ENLINK MIDSTREAM WILL NO LONGER BE CONSOLIDATED WITH DEVON'S UPSTREAM BUSINESS.  Full Article

Devon Energy Q1 Loss Per Share $0.38
Tuesday, 1 May 2018 

Devon Energy Corp ::DEVON ENERGY REPORTS FIRST-QUARTER 2018 RESULTS.Q1 LOSS PER SHARE $0.38.$1 BILLION SHARE-REPURCHASE PROGRAM UNDERWAY.Q1 ADJUSTED CORE EARNINGS PER SHARE $0.20 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE VIEW $0.20 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES AND OTHER $3,810 MILLION VERSUS $3,547 MILLION REPORTED LAST YEAR.QTRLY OIL, GAS AND NGL SALES $1,360 MILLION VERSUS $1,309 MILLION REPORTED LAST YEAR.RAISING FULL-YEAR 2018 OIL PRODUCTION OUTLOOK.G&A AND INTEREST SAVINGS TO REACH $175 MILLION ANNUALLY.EXITED Q1 WITH $1.4 BILLION OF CASH ON HAND.TARGETING ASSET DIVESTITURE PROCEEDS IN EXCESS OF $5 BILLION.SEES Q2 TOTAL OIL EQUIVALENT PRODUCTION OF 524 MBOE/D - 549 MBOE/D.SEES FY TOTAL OIL EQUIVALENT PRODUCTION OF 536 MBOE/D - 560 MBOE/D.IN A SEPARATE TRANSACTION WITHIN BARNETT, FORMED A PARTNERSHIP WITH DOWDUPONT IN APRIL.SEES FY DEVON CAPITAL EXPENDITURES $2,300 MILLION - $2,550 MILLION; EXCLUDES CAPITAL EXPENDITURES RELATED TO ENLINK.QTRLY TOTAL OIL EQUIVALENT PRODUCTION NET OF ROYALTIES 544 MBOE/D.DEVON ENERGY - WILL MONETIZE HALF ITS WORKING INTEREST ACROSS 116 GROSS UNDRILLED LOCATIONS FOR APPROXIMATE $75 MILLION PAYMENT FROM DOW SPREAD OVER 5 YRS.WILL ALSO DRILL AND OPERATE UP TO 24 WELLS PER YEAR AS PER AGREEMENT WITH DOWDUPONT.BOARD APPROVED A 33 PERCENT INCREASE TO ITS QUARTERLY COMMON STOCK DIVIDEND TO $0.08 PER SHARE.Q1 REVENUE VIEW $3.89 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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