News Summary

• Devon Energy Corp on Thursday reported $656 million in net profit adjusted for nonrecurring items, topping expectations.
• Devon produced 853,000 barrels of oil equivalent a day (boed) in Q3, exceeding the upper end of its guidance of 847,000 boed.
• Devon ended Q3 with $1.28 billion in cash, cash equivalents and restricted cash.
• Short-term debt stood at $998 million.
• In Q3 it repurchased 7.3 million shares for $250 million, under Devon's ongoing buyback package of $5 billion.