2 Top Oil Stocks to Buy Amid Crude Oil's Slump to $70 a Barrel [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: Yahoo! Finance
West Texas Intermediate, the primary U.S. oil price benchmark, was recently around $70 a barrel. That's well below its peak of over $85 a barrel a few months ago because of healthy supplies amid demand concerns from a potential slowdown in the global economy. While falling oil prices will affect oil company profits, several producers are well equipped to handle lower prices. Chevron (NYSE: CVX) and Devon Energy (NYSE: DVN) stand out for their ability to thrive at lower oil prices. That makes them great oil stocks to buy in the current environment. Built to run on lower oil prices Chevron has built an advantaged global resources portfolio. That enables it to earn high profit margin and returns on its investments, meaning it can still thrive at lower oil prices. The integrated global energy giant has stress-tested its portfolio for much lower oil prices. A downside scenario assumes a flat $50 oil price from 2025 through 2027. Under that bear case, Chevron would produce enough ca
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DVN
News
- Devon Energy Completes Strategic Acquisition in the Williston BasinGlobeNewswire
- Devon Energy (DVN) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Devon Energy Schedules Third-Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Devon Energy (NYSE:DVN) jumps 3.7% this week, though earnings growth is still tracking behind five-year shareholder returns [Yahoo! Finance]Yahoo! Finance
- Is Devon Energy Corporation (DVN) the Best Affordable Stock To Buy Right Now? [Yahoo! Finance]Yahoo! Finance
DVN
Earnings
- 8/6/24 - Beat
DVN
Sec Filings
- 9/26/24 - Form SD/A
- 9/26/24 - Form SD
- 9/13/24 - Form 4
- DVN's page on the SEC website