Investing.com - Devon Energy (NYSE:DVN) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Devon Energy announced earnings per share of $1.39 on revenue of $4.27B. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $3.72B.
Devon Energy shares are up 19% from the beginning of the year and are trading at $51.69 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.19% from the start of the year.
Devon Energy shares gained 0.53% in after-hours trade after the report.
Devon Energy follows other major Energy sector earnings this month
Devon Energy's report follows an earnings beat by Exxon Mobil on Tuesday, February 1, 2022, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.94 on revenue of $85.01B.
Chevron had missed expectations on Friday, January 28, 2022 with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar