Devon Energy Corporation (NYSE: DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 billion.
In addition, BP will assume Devon's leases of the drilling rigs for the duration of the contract terms. The company also announced that Devon and BP will form a heavy oil joint venture to develop BP's Kirby oil sands leases in Alberta, Canada.
Devon Energy Corporation is an independent energy company engaged in oil and gas exploration and production.
American Eagle Outfitters, Inc. (NYSE: AEO) announced, excluding items, eaarnings were 0.33 per diluted share compared to $0.19 per diluted share last year. analysts average $0.33. AEO in line.
Total sales for the quarter ended January 30, 2010 increased 7% to $972.0 million compared to $905.7 million for the quarter ended January 31, 2009.
American Eagle Outfitters, Inc. operates as a retailer that engages in the design, marketing, and sale of clothing, accessories, and personal care products in the United States and Canada.
The board of directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.44 per share on the company's common stock. The dividend is payable April 1, 2010, to stockholders of record as of March 15, 2010.
Eastman Chemical Company engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally.
Leggett & Platt's Board of Directors (NYSE: LEG) declared a dividend of $.26 per share for the first quarter, a 4% increase versus the dividend declared in the first quarter of 2009. The dividend will be paid on April 15, 2010 to shareholders of record on March 15, 2010.
Leggett & Platt, Incorporated designs and produces a range of engineered components and products worldwide.
SPX Corporation (NYSE: SPW) board of directors declared a quarterly dividend of $0.25 per common share payable on April 6, 2010, to shareholders of record on March 15, 2010.
SPX Corporation provides flow technology products, test and measurement products, thermal equipment and services, and industrial products and services worldwide.
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