Devon Energy Corp.

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Other Pre-Announcement

Devon Energy Reports Second-Quarter 2022 Financial And Operational Results

Published: 08/01/2022 18:49 GMT
Devon Energy Corp. (DVN) - Devon Energy Reports Second-quarter 2022 Financial and Operational Results.
Reported Net Earnings of $1.9 Billion, Or $2.93 per Diluted Share, in the Second Quarter of 2022.
Qtrly Core Earnings Were $1.7 Billion, Or $2.59 per Diluted Share.
Devon is Raising Its Full-year 2022 Production Forecast by 3 Percent to a Range of 600,000 to 610,000 Boe per Day.
Qtrly Production Averaged 616,000 Oil-equivalent Barrels (boe) per Day, an Increase of 7 Percent From the First Quarter of 2022.
Adjusted Its FY Upstream Capital Guidance to a Range of $2.2 Billion to $2.4 Billion Versus Prior Guidance of About $2.1 Billion.
Devon Energy - Updated Outlook Incorporates $100 Million of Incremental Capital Related to Acquisition in Williston Basin & Impact of Inflationary Cost Pressures.
Qtrly Total Revenue $5,626 Million Versus $2,417 Million.
Q2 Earnings per Share View $2.38, Revenue View $4.72 Billion -- Refinitiv Ibes Data (analyst estimates).