Devon Energy Corporation Presents at UBS Global Oil and Gas Conference, May-21-2013 10:00 AM. Venue: Four Seasons Hotel, 98 San Jacinto Blvd., Austin, Texas, United States. Speakers: David A. Hager, Executive Vice President of Exploration & Production.

Devon Energy Corporation reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $1,972 million compared to $2,497 million a year ago. Loss from continuing operations before income taxes was $1,962 million compared to earnings from continuing operations before income taxes of $611 million a year ago. Loss from continuing operations was $1,339 million or $3.34 per basic and diluted share compared to earnings from continuing operations of $414 million or $1.03 per basic and diluted share a year ago. Net loss was $1,339 million or $3.34 per basic and diluted share compared to net earnings of $393 million or $0.97 per basic and diluted share a year ago. Net cash from operating activities was $1,002 million compared to $1,026 million a year ago. Capital expenditures were $1,926 million compared to $2,088 million a year ago. On non GAPP basis, adjusted earnings were $270 million or $0.66 per diluted share. Net debt was $5,651 million compared to $3,729 million a year ago. Non-GAAP cash flow for the quarter was $2.85 per share on a diluted basis. For the quarter, the company reported total period production of natural gas of 218.2 Bcf compared to 239.2 Bcf a year ago. Total period production of Oil /Bitumen was 14.6 MMBbls compared to 12.9 MMBbls a year ago. Average daily production of Natural Gas was 2,424.0 MMcf compared to 2,628.2 MMcf a year ago. Average daily production of Oil /Bitumen was 162.3 MBbls compared to 142.0 MBbls a year ago. For the quarter, the company reported asset impairment charges was $1,913 million. The company provided earnings and production guidance for the full year of 2013. Shifting to the Barnett Shale in North Texas, the company expects to generate nearly $600 million of free cash flow in the Barnett in 2013. With a more favorable gas price outlook for the rest of the year, the company is well positioned to achieve its full year forecast of $425 million to $475 million of midstream operating profit. The company’s full year production guidance assumes a 4% year-over-year decline for the Barnett, but it continues to be impressed with the performance of its base production.

Devon Energy Corporation Presents at Citi's Global Energy and Utilities Conference, May-14-2013 11:45 AM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States. Speakers: David A. Hager, Executive Vice President of Exploration & Production.