Devon Energy Corp.

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Devon Energy Corp. announced today it is establishing a voluntary, company-specific target to reduce methane emissions for its U.S. oil and natural gas production operations, consistent with its core value of being a good environmental steward. By 2025, Devon will achieve a methane-intensity rate of 0.28 percent or lower. In 2018, Devon’s methane-intensity rate was estimated at 0.32 percent, which is pending EPA [...]

Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2019. The dividend is payable on Sept. 27, 2019, at a rate of $0.09 per share based on a record date of Sept. 13, 2019. About Devon Energy Devon Energy Corp. is a leading independent energy company engaged in finding and producing oil and natural gas. Based in [...]

Devon Energy Corp. today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to customary terms and conditions and is expected to close by the end of the second quarter of 2019. Proceeds from the sale of Canada will be used for debt reduction. “The sale of Canada is an [...]

Devon Energy Corp. today reported operational and financial results for the first quarter of 2019. The company’s earnings release, supplemental financial tables and related operations report can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These materials will also be available on the Securities and Exchange Commission's website. The company’s first-quarter [...]

Devon Energy Corp. today announced plans to announce first-quarter 2019 results on Tuesday, April 30, after the close of U.S. financial markets. The earnings release and operations report for the first-quarter 2019 results will be available on the company’s website at www.devonenergy.com. On Wednesday, May 1, the company will hold a conference call at 10 a.m. Central Time , which will consist primarily of answers to [...]

Devon Energy Corp. announced today that management will present at the Scotia Howard Weil Energy Conference in New Orleans on Monday, March 25, 2019. The presentation will be available to the public on Devon’s website at www.devonenergy.com on the date of the event. The presentation will include forward-looking information. About Devon Energy Devon Energy is a leading independent energy company engaged in finding [...]

The board of directors of Devon Energy Corp. announced today that Ann G. Fox and Keith O. Rattie have been nominated to stand for election to the board at the company’s annual meeting of stockholders on June 5. Fox, 42, is the president and chief executive officer of Nine Energy Service Inc. , a Houston-based oilfield services company with operations throughout the U.S. and Canada. Rattie, 65, is the former [...]

Devon Energy Corp. today reported operational and financial results for the fourth quarter and full-year 2018. Also provided is the company’s guidance for the first quarter and full-year 2019. Supplemental financial tables for the fourth quarter, full-year 2018 and 2019 outlook are available on the company’s website at www.devonenergy.com. Fourth-Quarter and Full-Year 2018 Highlights Light-oil production [...]

Devon Energy Corp. today announced that the board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to complete its transformation to a high-return U.S. oil growth business. Devon will evaluate multiple methods of separating the assets, including a potential sale or spin-off. The separation will allow the company to focus on its top-tier, high-return U.S. oil assets [...]