DVN -- 1Q23

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):

• DVN press release, summary.
• DVN press release at company's website.
• DVN presentation.

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

New offering.

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