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Devon Energy’s Revenue Expectations for Q2 2018

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Devon Energy’s Q2 2018 revenues estimates

For Q2 2018, Wall Street analysts expect Devon Energy (DVN) to report revenues of ~$3.90 billion. On a year-over-year basis, DVN’s Q2 2018 revenues expectations are ~24% higher compared with its Q2 2017 revenues of ~$3.15 billion. Sequentially, Devon Energy’s Q2 2018 revenue expectations are ~2% higher compared with its Q1 2018 revenues of ~$3.81 billion.

In Q2 2018, Devon Energy’s production volumes are expected to remain unchanged compared with Q2 2017. We’ll look at DVN’s production in the next part of this series.

Despite flat expected year-over-year growth in Devon Energy’s Q2 2018 production, its expected year-over-year revenue growth in Q2 2018 can be attributed to its higher crude oil prices in Q2 2018.

DVN’s peers Encana (ECA), Occidental Petroleum (OXY), Energen (EGN), and Marathon Oil (MRO) are expected to report ~10%, ~16%, ~32%, and ~37% year-over-year increases in their Q2 2018 revenues.

Next in this series, let’s take a look at DVN’s production guidance.

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