Devon Energy (DVN) Raises Quarterly Dividend 12.5% to $0.09; 1.3% Yield
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Devon Energy (DVN) Posts Q4 Results, to Separate Canadian and Barnett Shale assets, Raises Dividend and Buyback
February 19, 2019 4:23 PM ESTDevon Energy (NYSE: DVN) reported Q4 EPS of $0.10, $0.23 worse than the analyst estimate of $0.33.
Completing Transformation to High-Return U.S. Oil Growth Company
Additionally, in a separate press release issued today, Devon announced that its board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to complete the transformation to a high-return U.S. oil growth business. The company will evaluate multiple methods of separating the assets,... More
Devon Energy (DVN) Pursuing separation of its Canadian and Barnett Shale assets, Share-repurchase authorization increased to $5 billion
February 19, 2019 4:23 PM ESTDevon Energy Corp. (NYSE: DVN) today announced that the board of directors has authorized the company to pursue the separation of its Canadian and Barnett Shale assets to complete its transformation to a high-return U.S. oil growth business. Devon will evaluate multiple methods of separating the assets, including a potential sale or spin-off. The separation will allow the company to focus on its top-tier, high-return U.S. oil assets and is aligned with Devons previously announced long-term strategic plan.
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