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Devon Energy Corporation (DVN)

  • Jan. 3, 2012, 9:19 AM
    Devon Energy (DVN) announces a transaction with Sinopec International (SHI) whereby the company will give up one-third of its interest in 5 separate venture plays for $2.2B. The firm says the deal will improve its capital efficiency by recovering its land and drilling costs and by cutting future capital commitments. Shares +4.8% premarket.
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  • Nov. 2, 2011, 8:14 AM
    Devon Energy (DVN): Q3 EPS of $1.54 beats by $0.04. Revenue of $3.50B (+48.8% Y/Y) beats by $850M. (PR)
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  • Nov. 2, 2011, 12:05 AM
    Notable earnings before Wednesday's open: AOL, CLX, CMCSA, CNP, CTSH, DVN, EIX, EP, EPD, FWLT, GPOR, HUN, LVLT, MA, MMC, NVE, PWR, RRD, SNE, SVM, TAP, TEVA, TLM, TRW, TWX
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  • Aug. 15, 2011, 2:16 PM
    A federal judge strikes down a U.S. policy that had required more extensive environmental review of some drilling permits on public lands. The group filing the suit on behalf of Devon Energy (DVN), Anadarko (APC) and others says the ruling "holds the promise of new jobs and economic growth," but it's not clear how the Interior Department will respond.
  • Aug. 3, 2011, 8:08 AM
    Devon Energy (DVN): Ex-adjusting items, Q2 EPS of $1.71 beats by $0.18. Revenue of $3.2B (+44% Y/Y) beats by $0.8B. Results "were impacted by certain items securities analysts typically exclude from their published estimates," including a $2.5B gain on the sale of Brazilian assets. With adjusting items, EPS of $6.48. (PR)
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  • Aug. 3, 2011, 12:05 AM
    Notable earnings before Wednesday's open: AGN, AGU, BRKR, CEG, CLX, CMCSA, CTL, DVN, FTR, GRMN, KKR, MA, MFA, MMC, OC, PEG, PWR, RRD, SE, SWC, TRW, TWX, UMC
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  • May 23, 2011, 5:25 PM
    Five attractive "takeover baits" that Matrix Advisors' David Katz believes possess qualities and assets that could make them compelling enough to acquire: AA, DVN, HRS, MWW, SPLS.
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  • May 4, 2011, 7:43 AM
    Devon Energy (DVN): Q1 EPS of $0.97 vs consensus of $1.33. Revenue of $2.14B (-33.3% Y/Y) misses by $0.09B. (PR)
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  • May 4, 2011, 12:05 AM
    Notable earnings before Wednesday's open: AGN, AGU, AOL, DVN, GRMN, K, KKR, MGM, MMC, NXPI, PCG, PWR, RRD, TLM, TRW, TWX
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  • Apr. 6, 2011, 10:55 AM
    With BP (BP +0.5%) meeting "technical" requirements to work off Brazil's coast, approval may come this month for its $3.2B purchase of Devon Energy's (DVN +0.2%) assets there, says a top lawyer at the country's oil regulator. Devon has been selling off international and offshore assets to focus production.
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  • Mar. 30, 2011, 10:10 AM
    The smart way to invest in natural gas is not by investing in a natural gas company, Dee Gill writes, but rather with oil giant Exxon Mobil (XOM). While some of the top nat gas firms have too much debt or look just plain expensive, XOM is now the biggest U.S. nat gas producer, debt levels and shareholder returns are attractive, and dividend yields are at least double those of other nat gas producers.
  • Mar. 10, 2011, 5:10 PM
    The prospect of slower growth in China trumped Libyan supply disruptions, as energy stocks of all stripes were clobbered today. Among the biggest decliners in the S&P 500: BTU -5.8%, MEE -5.4%, VLO -5%, CNX -4.4%, CHK -4.3%, DVN -4%, NBL -4%. The top five by market cap: XOM -3.6%, RDS.A -2.3%, CVX -3%, BP -3.7%, COP -3.7%.
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  • Feb. 16, 2011, 6:51 AM
    Devon Energy (DVN): Q4 EPS of $1.57 beats by $0.16. Revenue of $2.14B (+12.7% Y/Y) misses by $0.2B. (PR)
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  • Feb. 16, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ANF, CMCSA, CVC, DE, DF, DVN, FE, GENZ, OC, OMX, TLM
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  • Dec. 29, 2010, 3:11 PM
    Crude oil futures slip a bit, but energy stocks continue to pace the market, with several new 52-week highs today among oil producers and servicers - CVX +0.7%, XOM +0.2%, COP +1%, MRO +1.5% - as well as exploration and production companies - NBL +2.7%, MUR +1.1%, DVN +0.7%, APA +1%.
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  • Nov. 3, 2010, 8:13 AM
    Devon Energy (DVN): Q3 EPS of $1.44 beats by $0.15. Revenue of $2.4B (+27.3%) vs. $2.3B. Shares +0.6% premarket. (PR)
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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.