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DEVON ENERGY CORP. Registered S (DY6.SG)

Stuttgart - Stuttgart Delayed Price. Currency in EUR
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18.59-0.33 (-1.72%)
At close: 8:01AM CEST
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Previous Close18.92
Open18.59
Bid18.32 x 100000
Ask18.49 x 100000
Day's Range18.59 - 18.59
52 Week Range7.30 - 22.27
Volume0
Avg. Volume90
Market CapN/A
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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News
Press Releases
  • Devon Energy Schedules First-Quarter 2021 Earnings Release and Conference Call
    GlobeNewswire

    Devon Energy Schedules First-Quarter 2021 Earnings Release and Conference Call

    OKLAHOMA CITY, March 30, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2021 results on Tuesday, May 4, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2021 results will be available on the company’s website at www.devonenergy.com. On Wednesday, May 5, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. Investor Contacts Media ContactScott Coody, 405-552-4735 Lisa Adams, 405-228-1732Chris Carr, 405-228-2496

  • Devon Energy Issues Updated Guidance Including Impact from Winter Storm and Asset Sale
    GlobeNewswire

    Devon Energy Issues Updated Guidance Including Impact from Winter Storm and Asset Sale

    KEY MESSAGES Devon provided guidance for the first quarter and full-year 2021, adjusted for weather and an asset saleSevere winter weather is estimated to reduce first-quarter production by 8 percentGuidance excludes WPX results prior to the acquisition close date of Jan. 7, 2021Sale of Wind River asset in Wyoming is expected to reduce 2021 oil production by 2,000 barrels per day OKLAHOMA CITY, March 29, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today provided guidance for the first quarter and full-year 2021 that incorporates the operational impact from recent winter weather and a minor asset sale. The company has restored its production to pre-storm levels and expects the weather-related downtime to be confined to the first quarter. First-quarter production is estimated to be reduced by 8 percent due to the impact of severe winter weather. Adjusting for this downtime, Devon expects oil production in the first quarter of 261,000 to 265,000 barrels per day and total production of 485,000 to 499,000 oil-equivalent barrels per day. The company’s guidance also excludes WPX results prior to the acquisition close date of Jan. 7, 2021, limiting production by an incremental 3 percent for the first quarter. “I would like to personally thank the team for their hard work and dedication preparing for and safely responding to the unprecedented severe weather conditions,” said Rick Muncrief, president and CEO. “With our operations fully restored to pre-storm levels, we are well positioned to execute on our disciplined capital plan, accelerate free cash flow generation and return increasing amounts of cash to shareholders.” Per-unit expenses are expected to increase by approximately 5 percent in the first quarter as a result of the weather impact across Devon’s operations. The company’s full-year 2021 guidance was also adjusted for the sale of the company’s Wind River asset in Wyoming which closed on March 3, 2021. This divesture is expected to reduce oil production by approximately 2,000 barrels per day for the full-year 2021. Additional details of Devon’s forward-looking guidance for the first quarter and full-year 2021 are available on the company’s website at www.devonenergy.com. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. Investor ContactsMedia ContactScott Coody, 405-552-4735Lisa Adams, 405-228-1732Chris Carr, 405-228-2496 FORWARD LOOKING STATEMENTS This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Devon. These risks include, but are not limited to: the risk that we experience further production downtime, higher-than expected expenses (including from third-party claims) or other adverse impacts from Winter Strom Uri and its effects; and the other risks identified in Devon’s 2020 Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially and adversely from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date hereof, and Devon does not undertake, and expressly disclaim, any duty to update or revise our forward-looking statements based on new information, future events or otherwise.

  • Devon Energy Announces Early Redemption of $700 Million of Senior Notes
    GlobeNewswire

    Devon Energy Announces Early Redemption of $700 Million of Senior Notes

    OKLAHOMA CITY, March 11, 2021 (GLOBE NEWSWIRE) -- WPX Energy, Inc. (“WPX”), a wholly-owned subsidiary of Devon Energy Corporation (the “Company”), notified The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”) under that certain Indenture, dated as of September 8, 2014, between WPX and the Trustee (as supplemented, the “Indenture”), of its intention to redeem the aggregate principal amounts set forth below with respect to the following notes issued under the Indenture: $210,000,000 of the 5.250% Senior Notes due 2027 (the “2027 Notes”);$175,000,000 of the 5.875% Senior Notes due 2028 (the “2028 Notes”); and$315,000,000 of the 4.500% Senior Notes due 2030 (the “2030 Notes” and, together with the 2027 Notes and the 2028 Notes, the “Notes”). Such Notes will be redeemed in accordance with the terms set forth in the Indenture regarding the redemption of Notes following a cash equity contribution to, or other equity offering by, WPX. The redemption price will equal (1) 105.250%, 105.875% and 104.500% of the principal amount of the 2027 Notes, the 2028 Notes and 2030 Notes being redeemed, respectively, plus (2) accrued and unpaid interest, if any, up to, but not including, the applicable redemption date. The funds for the redemption will be contributed to WPX by the Company on or prior to the applicable redemption date, which is March 26, 2021 for the 2028 Notes and the 2030 Notes being redeemed and April 10, 2021 for the 2027 Notes being redeemed. “This debt redemption is another important step in our plan to return value to shareholders,” said Jeff Ritenour, executive vice president and chief financial officer. “With this redemption we will have executed on nearly half of our $1.5 billion board authorized debt repurchase program and we will continue to manage toward our stated leverage target of 1 times net debt-to-EBITDA or less.” ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com. Investor ContactsScott Coody, 405-552-4735Chris Carr, 405-228-2496Media ContactLisa Adams, 405-228-1732 FORWARD LOOKING STATEMENTS This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Devon. These risks include, but are not limited to: the risk that we do not complete the debt repurchase program or meet or maintain our leverage target; and the other risks identified in Devon’s 2020 Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially and adversely from those projected in the forward-looking statements. The forward-looking statements in this press release are made as of the date hereof, and Devon does not undertake, and expressly disclaim, any duty to update or revise our forward-looking statements based on new information, future events or otherwise.