Devon Energy Profits Drop in Q4 But Production Rises, Winter Storms Impact Q1 Output
- Devon Energy reports lower profit in Q4 2022 due to lower oil and gas prices
- Q4 production rose to 662,000 barrels of oil equivalent per day
- Forecasts 2% impact to Q1 2023 production due to winter storms
- Reaffirms 2024 production target of 650,000 barrels per day
- Raised quarterly dividend by 10%