US shale producer Devon Energy tops second-quarter profit estimates
DVN•Devon Energy reports highest quarterly profit since 2022
Aug. 4 (Reuters) - Devon Energy DVN.N on Tuesday reported its highest quarterly profit since 2022, surpassing Wall Street expectations, as a surge in crude oil prices and higher production following its merger with Coterra Energy boosted business.
The Houston, Texas-based shale producer posted an adjusted profit of $1.57 per share for the three months ended June 30, compared with analysts' expectations of $1.39 per share, according to data compiled by LSEG.
