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Devon Energy beats Q1 profit estimate

May 1, 2024 1:42 PM

May 1 (Reuters) - U.S. shale producer Devon Energy ( DVN )

beat first-quarter profit estimates on Wednesday as

higher production helped it offset a decline in natural gas

prices.

Oklahoma City-based oil and gas producer reported adjusted

income of $1.16 per share for the three months ended March 31,

topping average analysts' estimate of $1.11 per share, according

to LSEG data.

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