Devon Energy (DVN) PT Cut to $53 at UBS Following Cost-Driven EPS Beat; Sees Material Reduction in 2016 Capex vs Consensus
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Devon Energy Reports Second-Quarter 2015 Results
August 4, 2015 4:15 PM EDTDelivered record oil production in U.S. Exceeded oil production expectations for fourth consecutive quarter Reduced operating costs 8 percent year over year Improved 2015 capital spending and operating cost outlook
OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today announced core earnings of $320 million, or $0.78 per diluted share, for the second quarter of 2015. This compares with first-quarter 2015 core earnings of $89 million, or $0.22 per diluted share.
Devon delivered another high-quality performance in the second quarter as we... More
