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"Devon Energy's Q4 Profit Declines Due to Winter Storm, Beats Estimates"

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Source: Yahoo Finance
"Devon Energy's Q4 Profit Declines Due to Winter Storm, Beats Estimates"
Photo: Yahoo Finance
TL;DR

Devon Energy reported a decrease in fourth-quarter profit due to lower oil and gas prices and projected a 2% production impact in the first quarter as a result of severe winter weather. The company's average realized price without hedges fell, and it reaffirmed its 2024 production forecast while expecting first-quarter production to be down 2%. Despite the challenges, Devon Energy raised its fixed quarterly dividend by 10%.

Topics:businessenergy-industry#devon-energy#energy-industry#fourth-quarter-profit#oil-and-gas-prices#shale-production#winter-storm-impact
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  1. Devon Energy reports lower profit, sees production hit from winter storm  Yahoo Finance
  2. Devon Energy Reports Fourth-Quarter and Full-Year 2023 Results; Declares Quarterly Dividend and Raises Fixed Dividend by 10 Percent in 2024  Yahoo Finance
  3. Devon Energy Non-GAAP EPS of $1.41 beats by $0.01  Seeking Alpha
  4. Is Devon Energy Corp (DVN) Stock a Smart Value?  InvestorsObserver
  5. Devon Energy beats Q4 estimates, shares dip slightly By Investing.com  Investing.com

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