| Devon Energy reports 2Q loss | |
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OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a loss of $1.57 billion in its second quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $3.04. Earnings, adjusted for non-recurring costs, came to 6 cents per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The oil and gas exploration company posted revenue of $2.49 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.29 billion.
Devon Energy shares have climbed 13 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5.5 percent. In the final minutes of trading on Tuesday, shares hit $36.12, a fall of 25 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at http://www.zacks.com/ap/DVN
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Keywords: Devon Energy, Earnings Report
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 26,2 milliards US$ (23,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 août 1995 à 10,00 US$, et son plus haut niveau récent le 22 février 2008 à 99,19 US$. Devon Energy possède 525 000 000 actions en circulation. |