Devon Energy Posts Highest Quarterly Profit Since 2022 on Higher Prices, Output

(Reuters) – Devon Energy on Tuesday reported its highest quarterly profit since 2022 that also topped Wall Street expectations, benefiting from its merger with Coterra Energy and a surge in global oil prices. The conflict in the Middle East, now in its sixth month, has disrupted energy supplies, with benchmark Brent crude prices averaging 19.2% … Read more