Devon Energy reports lower profit, sees production hit from winter storm

Devon Energy reports lower profit, sees production hit from winter storm

Business
February 28, 2024 by secret
38
[ad_1] (Reuters) -U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices and forecast a 2% impact in first-quarter production due to severe winter weather. Concerns over global demand weighed on commodity prices throughout the reported quarter, with U.S. natural gas prices declining by more