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More on Devon Energy (DVN) Q3: swings to net loss of $719M from profit of $1B a year earlier,...
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Wednesday, November 7, 2012, 8:56 AM ETMore on Devon Energy (DVN) Q3: swings to net loss of $719M from profit of $1B a year earlier, due to a $1.1B asset impairment charge as a 30% Y/Y slump in natural gas prices reduced the carrying value of Devon's assets. Cash flow from operations $1.4B. Oil production +14% to 143K bpd, U.S. output +26%. Total production +3% to 678K oil-equivalent barrels per day. (PR)
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