August 2, 2017 archive

Devon Energy Announces $425 Million Profit for 2Q 2017

Oklahoma City-based Devon Energy Corporation’s plan for growth is proving to be highly successful as the company posted $425 million in net earnings for the second quarter of 2017, up from a loss of more than $1.5 billion for the same quarter last year. “Devon achieved another high-quality operating performance in the second quarter, building …

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Crude Oil Futures Retreat on Tuesday

Oil futures receded on Tuesday as the U.S. benchmark fell below $50 a barrel while evidence pointed to an OPEC production increase, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude fell $1.01, or 2%, to settle at $49.16 a barrel. October Brent crude, the global benchmark, lost 94 cents, …

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