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Devon Energy Corp. Earnings: Oil Continues to Fuel Results

Source: Devon Energy ( ).

Source: Devon Energy Investor Presentation ( link opens a PDF ).

While oil and natural gas liquids fueled 73% of the company's revenue last quarter, the two combined for just 57% of production. Meanwhile, natural gas delivered 43% of production but just 27% of revenue. This shows that the company's continued shift toward oil is yielding a meaningful increase in revenue and profits. Oil and natural gas liquids are expected to be 60% of production by the end of the year.

Because of this, investors should expect growth in profits this year and beyond as Devon's oil-focused drilling program continues to deliver results.

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The article Devon Energy Corp. Earnings: Oil Continues to Fuel Results originally appeared on Fool.com.

Matt DiLallo owns shares of Linn Energy, LLC. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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