Devon Energy (DVN) Lowers Quarterly Dividend 75% to $0.06; 1.1% Yield

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Go back to Devon Energy (DVN) Lowers Quarterly Dividend 75% to $0.06; 1.1% Yield

Devon Energy Reports Fourth-Quarter and Full-Year 2015 Results; Provides 2016 Capital and Production Outlook

February 16, 2016 4:15 PM EST

Delivered oil production growth of 26 percent from year-ago quarter Reduced field-level costs by nearly $400 million in 2015 Maintained significant financial flexibility with nearly $4 billion of liquidity Decreased 2016 E&P capital spending outlook by 75 percent Reduced operating and G&A expense outlook by $800 million annually Adjusted quarterly dividend to improve cash flow by $320 million annually

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today announced... More