Locator: 44597DVN.
Updates
May 9, 2023: nice review by Rigzone.
Devon Energy Corp. reported $995 million in net earnings for the first quarter as its oil production surged to an all-time high.
The USA producer’s opening-quarter profit fell year on year from $1 billion and quarter on quarter from $1.2 billion as oil and gas prices fell.
Devon produced 641,000 oil-equivalent barrels per day in January-March 2023, up by both year-ago and prior-quarter comparisons.
Original Post
Will look at these later. I'm at the pool with Sophia and then Jiu-Jitsu later.
It's 87°F, calm, and clear -- and it feels like 100°F.
The links sent to me by a reader (thank you):
AP:
- 1Q23 profit: $995 million
- per share, $1.53 earnings, adjusted, $1.46
- beat expectations, Zacks 1.39
- revenue: $3.82 billion; forecast $3.93 billion
- so, revenues less than expected, but earnings much better than expected
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NOG
- 8.750% senior notes due 2031
- offering price equal to 98.568% of par
- to close on May 15, 2023
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