Devon Energy (DVN) Tops Q3 EPS by 4c
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Devon Energy Reports Third-Quarter 2016 Results
November 1, 2016 4:16 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the third quarter of 2016 and provided guidance for the fourth quarter of 2016.
Highlights
Achieved record-setting well results in U.S. resource plays Increased STACK production 38 percent year over year Decreased lease operating expenses 37 percent from peak rates Expected cost savings to reach $1 billion in 2016 Completed $3.2 billion asset divestiture program Repurchased $1.2 billion of debt... More