Devon Energy Corp. (NYSE: DVN) reported Q1 EPS of $1.34, versus the analyst estimate of $1.26. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $2.87 billion.

Total production of oil, natural gas, and natural gas liquids averaged 691,000 oil-equivalent barrels (Boe) per day in the first quarter of 2014. Excluding production associated with divestiture properties, top-line production from Devon’s retained, go-forward asset base increased to 563,000 Boe per day in the first quarter. This represents a 7 percent increase compared to the first quarter of 2013. The company’s divestiture assets averaged 128,000 Boe per day in the first quarter, of which 76 percent was natural gas.

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