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Stock impact report

Why Devon Energy Corporation (DVN) Is Gaining This Week? [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Corporation (NYSE:DVN) stands against other energy stocks that are gaining this week. The energy sector has outperformed the broader market so far this year, with gains of 2.7% against the general market's surge of 1.48%. This comes after a disappointing 2024 when the energy sector lagged significantly behind gains of 25% by the wider market. READ ALSO: 12 Best Oil Refinery Stocks To Invest In According to Analysts and 11 Best Natural Gas Stocks To Buy Now As the world gets hungry for more and more energy, the International Energy Agency has forecasted the world's electricity consumption to rise at its fastest pace in recent years, growing at close to 4% annually through 2027. The uptick can be mainly attributed to a surge in industrial production, increased demand for air conditioning, accelerating electrification, primarily by the transport sector, and the rapid expansion of data centers. Electricity demand in the United States, the second-largest consumer in the world after Show less Read more
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