Devon Energy is a $25.5 billion market cap oil E&P company. Its base dividend yields 2.3%, and it also repurchases shares and has paid a variable dividend in the past. Devon is operating well, and its results will be enhanced as it begins reporting production and reserves from its $5 billion Grayson Mill acquisition. However, the company is disadvantaged by the near-zero prices for its substant...
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer Devon Energy's chief executive officer told attendees at an energy conference in Dallas on Wednesday.
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