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Devon Energy Corporation (DVN)

- NYSE
  • Oct. 13, 2010, 8:23 AM
    With the recent fall in natural gas prices, companies like Devon Energy (DVN) are shelving plans to hedge their natgas output. "The kind of hedges you can do are just locking in the bottom. Why bother?," asks Devon CEO Larry Nichols.
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  • Aug. 4, 2010, 8:40 AM
    Devon Energy (DVN): Q2 EPS of $1.53 beats by $0.11. Shares +0.4% premarket. (PR)
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  • Aug. 4, 2010, 12:05 AM
    Notable earnings before Wednesday's open: AGU, ANR, AOL, AYE, CAM, CNP, CTL, DVN, EP, FTR, GRMN, OC, PCG, PHM, PWR, Q, RL, RRD, SE, SIRI, TRW, TWX, UMC, XEC
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  • Jun. 16, 2010, 7:23 AM
    In light of the Gulf of Mexico spill, Brazilian regulators are taking another look at BP's (BP) $7B deal with Devon Energy (DVN) to buy Brazilian assets, and plan to fly to BP's Houston headquarters next week to discuss the matter. BP says the deal is moving ahead.
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  • May 28, 2010, 4:15 AM
    Shell's (RDS.A) acquisition of East Resources is the second-biggest oil and gas deal this year, after BP's (BP) acquisition of deepwater assets from Devon Energy (DVN) for $7B in March. Last December, ExxonMobil (XOM) agreed to buy XTO Energy (XTO), the No. 1 U.S. natural gas producer, for $31B.
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  • May 5, 2010, 7:17 AM
    Devon Energy (DVN): Q1 EPS of $1.85 beats by $0.38. Revenue of $3.2B (+69.5%) vs. $2.4B. Shares +0.6% premarket. (PR)
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  • May 5, 2010, 12:05 AM
    Notable earnings before Wednesday's open: AEE, AGU, ANR, AYE, CNP, CTB, CTL, DVN, FWLT, GRMN, HK, ICE, KG, PEG, PGN, PHM, PWR, Q, RRD, TLM, TRW, TWX, UPL, VSH, WMB, XTO
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  • Apr. 15, 2010, 3:21 PM
    "We believe that the market is set up for another round of very strong reports 
relative to expectations throughout the remainder of 1Q earnings season,” UBS writes, citing fondness for "cyclical" names which are supposed to bounce more as the economy gains steam. Its "best ideas": Amazon (AMZN), Apple (AAPL), Devon Energy (DVN), Ford (F) and Union Pacific (UNP).
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  • Apr. 15, 2010, 7:56 AM
    Apache (APA -3.5%) will acquire Mariner Energy (ME +38.7%) for $2.7B, bringing the oil-and-gas explorer deepwater exposure. Earlier this week, Apache agreed to buy assets from Devon Energy (DVN) for $1.05B. (PR)
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  • Apr. 12, 2010, 3:22 PM
    Apache (APA +0.6%) will buy Devon Energy's (DVN +0.1%) oil and gas assets on the Gulf of Mexico Shelf for $1.05B. Apache estimates net proved and probable reserves of 83M barrels of oil equivalent at year-end 2009.
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  • Apr. 9, 2010, 6:36 PM
    Apache (APA +0.4%) is reportedly in final talks to buy Devon Energy's (DVN +2%) shallow Gulf of Mexico assets in a deal that could come next week and reach $750M. Devon wants to keep focusing on North American onshore assets, while Apache is one of the few companies interested in the outer shelf's relatively mature oilfields.
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  • Mar. 11, 2010, 7:27 AM
    BP (BP +0.2%) signs a deal to pay Devon Energy (DVN +2.3%) $7B for assets in several countries. Devon and BP will also form an oil-sands JV in Canada. The deal helps Devon with its plan to divest assets and reposition itself, and gives BP its first taste of Brazil. (PR)
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  • Mar. 10, 2010, 4:25 PM
    BP (BP +0.3%) is the leading candidate to buy a large swath of oil assets from Devon Energy (DVN +1.4%) in a $5B+ deal that would vault BP into the hot new oil region off Brazil, sources say.
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  • Feb. 19, 2010, 8:09 AM
    CNOOC (CEO) and Sinopec (SNP) may bid as much as $3B for a Devon Energy (DVN) stake in an Azerbaijan oil field, say sources close to the matter. A Chinese purchase would be the latest in an $18B string of energy acquisitions since Dec. 2008.
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  • Feb. 17, 2010, 7:57 AM
    Devon Energy (DVN): Q4 EPS of $1.60 beats by $0.35. Revenue of $2.4B (-4.2%) vs. $2.2B. Shares +2.8% premarket. (PR)
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  • Feb. 17, 2010, 12:05 AM
    Notable earnings before Wednesday's open: DE, DVN, GENZ, HL, HST, IAG, OMX, XTO
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Company Description
Devon Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs.