Devon Energy Corporation (DVN), an independent energy company with a market cap of $30.2 billion, operates in the exploration, development, and production of oil, natural gas, and natural gas liquids within the U.S. The Oklahoma-based company is expected to unveil its fiscal Q2 earnings results after the market closes on Tuesday, Aug. 6.
Prior to the event, analysts anticipate DVN to report a profit of $1.29 per share, up 9.3% from $1.18 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. The company reported an EPS of $1.16, exceeding the consensus EPS estimate by 5.5% in the most recent quarter due to higher production from the Delaware basin.
