Comment on Devon Energy posts $2.8 billion loss in second quarter

Devon Energy posts $2.8 billion loss in second quarter

FROM STAFF AND WIRE REPORTSDevon Energy Corp. posted a $2.8 billion loss in the second quarter as falling energy prices forced the Oklahoma City company to write down the value of its assets. However, Devon said its "core earnings" of $320 million in the second quarter was an improvement over this year's first quarter.

 

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