Devon Energy (DVN) Pursuing separation of its Canadian and Barnett Shale assets, Share-repurchase authorization increased to $5 billion

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Go back to Devon Energy (DVN) Pursuing separation of its Canadian and Barnett Shale assets, Share-repurchase authorization increased to $5 billion

Devon Energy Announces Final Step to Complete Transformation to U.S. Oil Growth Company

February 19, 2019 4:10 PM EST

Highlights

Pursuing separation of its Canadian and Barnett Shale assets Expect to complete separation by end of 2019 Share-repurchase authorization increased to $5 billion Quarterly dividend increased 13 percent Committed to at least $780 million in annual cost reductions

OKLAHOMA CITY--(BUSINESS WIRE)-- Devon 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... More