Devon Energy (DVN) Tops Q2 EPS by 25c

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Go back to Devon Energy (DVN) Tops Q2 EPS by 25c

Devon Energy Reports Second-Quarter 2016 Results

August 2, 2016 4:16 PM EDT

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the second quarter of 2016 and provided guidance for the third quarter and full-year 2016.

Highlights

Exceeded production expectations in U.S. resource plays Raised 2016 production guidance for retained assets by 3 percent Reduced lease operating expenses 26 percent year over year Improved operating and G&A expense outlook Completed asset divestiture program with proceeds totaling $3.2 billion... More