Devon Energy (DVN) Tops Q1 EPS by 11c, Raises Production Guidance
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Devon Energy Reports First-Quarter 2016 Results
May 3, 2016 4:15 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the first quarter of 2016 and provided guidance for the second quarter and full-year 2016.
Highlights
Exceeded midpoint expectations for all production products Raised full-year production guidance by 3 percent Reduced LOE costs by 21 percent year over year Lowered 2016 operating cost outlook by $50 million Improved balance sheet strength with liquidity increasing to $4.6 billionIn spite of the... More
