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Devon Energy – XtremeCuztoms

Tag: Devon Energy

US Shale Companies Top Wall Street Estimates, Focus on Returns

May 4, 2022
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U.S. shale producers Devon Energy, Diamondback Energy, and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production plans steady as they stressed a focus on shareholder returns. U.S. oil and gas producers are facing a windfall from higher energy prices, as Russia’s invasion of Ukraine has stoked…

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Devon Energy Says Inflation, Supply Chain Snags to Drive up Costs 15 Percent

February 18, 2022
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DENVER—U.S. shale producer Devon Energy on Wednesday said it was anticipating a 15 percent rise in costs this year compared to 2021 due to inflation and supply chain constraints. U.S. oil prices have climbed to their highest levels in seven years, trading at nearly $95 a barrel, as activity has come roaring back amid a…

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