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Devon Energy Details 1Q 2014 Results

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May 12, 2014

Devon Energy Corp. (NYSE: DVN) detailed its financial results for the first-quarter 2014 on May 7. The quarter ended March 31, the company said.

The company said that upstream revenues increased 42% from first-quarter 2013. Oil, natural gas and NGL generated $2.6 billion in the first-quarter, and this was due to growth in high-margin oil production and improved price realizations for all products, Devon Energy noted. Out of the total amount, oil sales comprised 50% of the revenues, the company added.

The higher-margin oil production, improved price realizations and a ...

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