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Devon Energy Raises Production Guidance After Posting Strong Q1 Earnings ...Middle East
Devon Energy Corp (NYSE: DVN) raised its production guidance for 2024 after topping first-quarter earnings estimates as its production exceeded expectations and more than offset weak natural gas prices. The shale producer, which has focused its drilling program on the Delaware basin in the Permian, reported $730 million, or $1.16 per diluted share, in core earnings for Q1, adjusted for items analysts typically exclude from estimates. The earnings per share exceeded the average analyst estimate of $1.11 per share, according to LSEG…
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