Last $61.59 USD
Change Today -0.96 / -1.53%
Volume 3.3M
DVN On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

devon energy corp (DVN) Key Developments

Devon Energy Corporation Announces Consolidated Production and Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production and Capital Expenditures Guidance for the First Quarter and Year 2015

Devon Energy Corporation announced consolidated production and financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company produced total oil /bitumen of 239 MBbls/d against 177 MBbls/d a year ago. Total natural gas was 1,710 MMcf/d against 2,383 MMcf/d a year ago. Total natural gas liquids were 141 MBbls/d against 132 MBbls/d a year ago. Total oil equivalent was 665 Mboe/d against 696 Mboe/d a year ago. For the year, the company produced total Oil /Bitumen of 214 MBbls/d against 168 MBbls/d a year ago. Total natural gas was 1,920 MMcf/d against 2,393 MMcf/d a year ago. Total natural gas liquids were 139 MBbls/d against 126 MBbls/d a year ago. Total oil equivalent was 673 Mboe/d against 693 Mboe/d a year ago. For the quarter, the company reported total operating revenue of $5,995 million against $2,624 million a year ago. Operating income was $460 million against $591 million a year ago. Earnings from continuing operations before income taxes were $291 million against $475 million a year ago. Net loss attributable to the company was $408 million or $1.01 per diluted share against earnings of $207 million or $0.51 per diluted share a year ago. Net cash from operating activities was $963 million against $1,437 million a year ago. Capital expenditures were $1,975 million against $1,539 million a year ago. Core earnings attributable to the company (Non-GAAP) were $343 million or $0.83 per diluted share. Earnings before income taxes were $291 million. For the year, the company reported total operating revenue of $19,566 million against $10,397 million a year ago. Operating income was $4,698 million against $567 million a year ago. Earnings from continuing operations before income taxes were $4,059 million against $149 million a year ago. Net earnings attributable to the company were $1,607 million or $3.91 per diluted share against net loss attributable to the company of $20 million or $0.06 per diluted share a year ago. Net cash from operating activities was $5,981 million against $5,436 million a year ago. Capital expenditures were $6,988 million against $6,758 million a year ago. Net debt (Non-GAAP) was $9,782 million against $5,956 million a year ago. Core earnings attributable to the company (Non-GAAP) were $2,017 million or $4.91 per diluted share. For the first quarter, the company expects oil and bitumen production in the range of 250 to 260 MBbls/d, natural gas production in a range of 1,620 to 1,670 MMCF/d, natural gas liquids production in a range of 650 to 673 MBbls/d. Total income tax rate in the range of 30.0% -40.0%. Devon capital expenditures is expected in the range of $1,480 million to $1,630 million. For the year 2015, the company expects oil and bitumen production in the range of 250 to 260 MBbls/d, natural gas production in a range of 1,570 to 1,620 MMCF/d, natural gas liquids production in a range of 637 to 662 MBbls/d. Total income tax rate in the range of 30.0% -40.0%. Devon capital expenditures is expected in the range of $4,710 million to $5,210 million.

Devon Energy Corporation to Report Q4, 2014 Results on Feb 17, 2015

Devon Energy Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 17, 2015

Devon Energy Intends To Sell Utica Shale

Devon Energy Corporation (NYSE:DVN) is planning to sell Utica Shale, horizontal well near Apple Creek in East Union Township, said Jillian Mershon in a note to the Ohio Department of Natural Resources in January 2015. Jillian further said that Devon also intends to divest interest in a well in Guernsey County.

Devon Energy Corporation, Q4 2014 Earnings Call, Feb 18, 2015

Devon Energy Corporation, Q4 2014 Earnings Call, Feb 18, 2015

Devon Energy Corporation Presents at Credit Suisse Energy Summit 2015, Feb-24-2015 08:00 AM

Devon Energy Corporation Presents at Credit Suisse Energy Summit 2015, Feb-24-2015 08:00 AM. Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: David A. Hager, Chief Operating Officer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DVN:US $61.59 USD -0.96

DVN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Anglo American PLC 1,210 GBp -8.00
Apache Corp $65.84 USD +0.10
Canadian Natural Resources Ltd C$36.36 CAD -0.58
MMC Norilsk Nickel OJSC 11,182 RUB +89.00
Sempra Energy $108.20 USD -0.25
View Industry Companies
 

Industry Analysis

DVN

Industry Average

Valuation DVN Industry Range
Price/Earnings 15.8x
Price/Sales 1.4x
Price/Book 1.2x
Price/Cash Flow 5.1x
TEV/Sales 0.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DEVON ENERGY CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.