Devon Energy Corp. announced today that management will present at the BofA Securities Global Energy Conference at 4:00 p.m. ET on Wednesday, Nov. 11, 2020. The presentation will be available to the public via webcast and will include forward-looking information. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event. Devon Energy is a leading independent energy [...]
Devon Energy Corp. today reported financial and operational results for the third quarter 2020. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation 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 third-quarter [...]
Devon Energy Corp. today announced it will report third-quarter 2020 results on Thursday, Oct. 29, after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2020 results will be available on the company’s website at www.devonenergy.com. On Friday, Oct. 30, the company will hold a conference call at 9:30 a.m. Central Time , which will consist primarily of answers to questions [...]
Devon Energy Corp. today released its 2020 Sustainability Report which highlights the company’s performance and efforts related to emissions and flaring reductions, environment preservation, pandemic and crisis management, employee empowerment and community investment. “At Devon we are providing energy the world needs, and we take pride in doing so reliably and responsibly,” said ESG Executive Sponsor and Executive Vice [...]
The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. Devon Energy Corp. Merger Announcement: September 28, 2020 Transaction Details: Under the terms of the agreement, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of Devon common stock for each share [...]
The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. Devon Energy Corp. Merger Announcement: September 28, 2020 Transaction Details: Under the terms of the agreement, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of Devon common stock for each share [...]
Devon Energy Corp. today announced that it has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures . Devon received a cash payment of $320 million from BKV at closing, after adjusting for a $170 million deposit received in April and purchase-price adjustments that, among other things, allocate revenues and expenses based on a Sept. 1, 2019, effective date. The sale agreement with BKV provides [...]
The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. Devon Energy Corp. Merger Announcement: September 28, 2020 Transaction Details: Under the terms of the agreement, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of Devon common stock for each share [...]
Devon Energy and WPX Energy today announced they have entered into an agreement to combine in an all-stock merger of equals transaction. The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin. The combined company, which will be named Devon Energy, will benefit from enhanced scale [...]
KEY HIGHLIGHTS Merger of equals creates a leading unconventional oil producer in the U.S. Builds a dominant Delaware Basin acreage position totaling 400,000 net acres All-stock transaction accretive to per-share metrics in year one and maintains financial strength Expect to achieve cost savings that will drive $575 million of annual cash flow improvements by year-end 2021 Maintenance capital funding requirements in 2021 [...]
Devon Energy Corp. announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2020. The dividend is payable on Dec. 30, 2020, at a rate of $0.11 per share based on a record date of Dec. 11, 2020. ABOUT DEVON ENERGY Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and [...]
KEY HIGHLIGHTS Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020 Board of directors declares a $100 million special dividend in conjunction with Barnett closing Expect to achieve $300 million of sustainable cash cost savings by year-end Plan to use cash on hand to repurchase up to $1.5 billion of additional debt OKLAHOMA CITY, Aug. 04, 2020 -- In conjunction with its [...]
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