10-QPeriod: Q3 FY2005

DEVON ENERGY CORP/DE Quarterly Report for Q3 Ended Sep 30, 2005

Filed November 3, 2005For Securities:DVN

Summary

Devon Energy Corporation's (DVN) 10-Q filing for the quarter ended September 30, 2005, reveals a company actively managing its financial position and operations within the dynamic energy sector. The report provides a snapshot of the company's financial health, detailing its assets, liabilities, and equity as of the end of the third quarter. Investors should note the company's reporting as an accelerated filer, indicating its substantial size and public float. Key operational and financial metrics from the Consolidated Statements of Operations and Cash Flows for the nine months ended September 30, 2005, and 2004, are crucial for understanding performance trends. While specific results are not detailed in this introductory section, the filing indicates a comprehensive overview of the company's financial performance, including revenues, expenses, and cash generation activities. Investors should delve into the full report for detailed insights into revenue drivers, cost structures, and the company's ability to generate free cash flow, as well as its exposure to market risks.

Key Highlights

  • 1Devon Energy Corporation (DVN) filed its quarterly report (10-Q) for the period ended September 30, 2005.
  • 2The company is an accelerated filer, indicating its significant market capitalization and reporting status.
  • 3The filing includes unaudited Consolidated Financial Statements: Balance Sheets, Statements of Operations, Stockholders' Equity, and Cash Flows for the relevant periods.
  • 4Management's Discussion and Analysis of Financial Condition and Results of Operations is provided for deeper insight into performance.
  • 5Disclosures regarding Market Risk and Legal Proceedings are included, offering transparency on potential vulnerabilities.
  • 6The number of outstanding common shares as of September 30, 2005, was 444,300,000.

Frequently Asked Questions

This Form 10-Q is a quarterly report filed by Devon Energy Corporation (DVN) to provide investors with unaudited financial statements and management's analysis of the company's financial condition and results of operations for the quarterly period ended September 30, 2005. It updates information from the company's last annual report and discloses any material changes since then.

Being an 'accelerated filer' means that Devon Energy meets certain thresholds for public float (the market value of shares held by non-affiliates) and filing history. Accelerated filers are required to file their quarterly reports (10-Q) and annual reports (10-K) more promptly than smaller companies, indicating a larger, more established public entity.

Detailed financial performance information can be found in the 'Consolidated Statements of Operations' for the three and nine months ended September 30, 2005, and 2004, and within 'Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.' These sections will provide specific figures on revenues, expenses, and profitability.

Yes, the report includes sections for 'Item 1. Legal Proceedings' and 'Item 3. Quantitative and Qualitative Disclosures About Market Risk.' Investors should review these sections for information on ongoing legal matters and the company's exposure to various market risks such as commodity price fluctuations, interest rates, and foreign currency exchange rates.