Devon Energy plans to release its third quarter earnings report on Tuesday, Nov. 5.
The report will be made public after the close of U.S. financial markets. The following day, Wednesday, Nov. 6, Devon will hold a conference call beginning at 10 a.m. Central Standard Time. Executives will be available for questions from analysts and investors.
In August, Devon released its second quarter earnings report showing net earnings of $844 million or $1.34 per share and core earnings of $885 million or $1.41 per share. Its second quarter oil production reached an all-time high of 335,000 barrels a day. Second quarter operating cash flow totaled $1.5 billion and free cash flow was $587 million.
During the second quarter, Devon also repurchased 5.2 million shares of common stock at a cost of $256 million. The board of directors also approved an increase of share-repurchases by 67% to $5 billion.