Investing.com - Devon Energy reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Devon Energy announced earnings per share of $2.59 on revenue of $5.63B. Analysts polled by Investing.com anticipated EPS of $2.32 on revenue of $4.11B.
Devon Energy shares are up 39% from the beginning of the year and are trading at $61.55 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.6% from the start of the year.
Devon Energy shares lost 0.06% in after-hours trade the report.
Devon Energy follows other major Energy sector earnings this month
Devon Energy's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $4.14 on revenue of $115.68B, compared to forecasts EPS of $3.84 on revenue of $111.3B.
Chevron had beat expectations on Friday with second quarter EPS of $5.82 on revenue of $68.76B, compared to forecast for EPS of $5.08 on revenue of $58.66B.
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