Devon Energy Announces Fourth Quarter Cash Dividend for Common Stockholders

  Devon Energy Announces Fourth Quarter Cash Dividend for Common Stockholders

Business Wire

OKLAHOMA CITY -- September 11, 2013

Devon Energy Corporation (NYSE:DVN) today announced that its board of
directors declared a quarterly cash dividend on Devon’s common stock for the
fourth quarter of 2013. The dividend is payable on December 31, 2013 at a rate
of $0.22 per share based on a record date of December 13, 2013.

Devon has paid quarterly dividends continuously since 1993 and has increased
its dividend at an average annual rate of 24% since 2004. The current annual
rate is $0.88 per share.

Devon Energy Corporation is an Oklahoma City-based independent energy company
engaged in oil and gas exploration and production. Devon is a leading
U.S.-based independent oil and gas producer and is included in the S&P 500
Index. For more information about Devon, please visit our website at
www.devonenergy.com.

Contact:

Devon Energy Corporation
Investor Contacts
Scott Coody, 405-552-4735
or
Shea Snyder, 405-552-4782
or
Media Contact
Chip Minty, 405-228-8647