trending Market Intelligence /marketintelligence/en/news-insights/trending/tgphrkbkb_z3sh3t5em6ta2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Devon to divest up to $5B in noncore assets to streamline portfolio

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Devon to divest up to $5B in noncore assets to streamline portfolio

The Oklahoma-based oil and gas producer Devon Energy Corp. plans to divest up to $5 billion of its noncore assets over the next few years in an effort to simplify its portfolio.

The strategic asset sales, to be carried out "on a significant scale," would streamline Devon's operations to just the SCOOP/STACK, Permian and Rocky Mountain shale plays, said David Hager, president, CEO and director of Devon, during the Scotia Howard Weil energy conference in New Orleans.

Devon's assets in the Delaware and the STACK play, in particular, are shifting to full-field development and the company expects to prioritize capital allocation into funding its operational plants in these areas, according to a Feb. 21 earnings call. "With our Delaware Basin and STACK assets rapidly building momentum and operating scale, we are committed to simplifying our asset portfolio by selling less competitive assets," Hager said during the call.

The divestitures are also expected to help Devon boost shareholder returns through dividend increases and share buybacks, according to Hager.