Devon Energy Q2 2016 Operations Report

Devon Energy's Q2 2016 operations report highlights exceeded production expectations across U.S. resource plays, with core assets reaching 545,000 BOE per day and production guidance raised 3%. The company achieved significant cost reductions, including 26% year-over-year lease operating expense cuts, and completed a $3.2 billion asset divestiture program while increasing E&P capital investment by $200 million.