Devon Energy Eagle Ford Sale to Boost Buybacks and Reduce Debt
Devon Energy agreed to sell its Eagle Ford assets to Crescent Energy for $4.2 billion in cash, with proceeds supporting buybacks and debt reduction.
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Why It Matters
Devon Energy is selling some oil fields for 4.2 billion dollars. They will use that money to pay down debt and buy back their own stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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