8-KEarnings & ResultsRegulation FDExhibits & Filings

DEVON ENERGY CORP/DE 8-K Report, Financial Results (Oct 16, 2018)

Filed October 16, 2018For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed an 8-K on October 16, 2018, to furnish a press release containing an operational update for its Jackfish 1 heavy oil project in Alberta, Canada. The release also provided estimated production and capital spending figures for the third quarter of 2018. This filing serves as an investor communication tool, offering a glimpse into the company's operational performance and financial outlook during the period. While the 8-K itself does not contain detailed financial statements, it directs investors to an accompanying press release (Exhibit 99.1) for specific operational and financial metrics for Q3 2018. Investors should review this press release for details on production levels, capital expenditure, and any significant operational developments that could impact the company's future performance.

Key Highlights

  • 1Company issued an operational update on the Jackfish 1 heavy oil project in Alberta, Canada.
  • 2Provided estimated results for third-quarter 2018 production.
  • 3Disclosed estimated third-quarter 2018 capital spending.
  • 4The press release containing these details is furnished as Exhibit 99.1.
  • 5The information is provided under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
  • 6The filing clarifies that the information is furnished, not filed, for Section 18 purposes.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally provide investors with an operational update regarding Devon Energy's Jackfish 1 heavy oil project and to share estimated production and capital spending figures for the third quarter of 2018.

The detailed operational and financial information is contained in the press release dated October 16, 2018, which is furnished as Exhibit 99.1 to this 8-K filing.

No, this 8-K filing itself does not include the company's official third-quarter financial statements. It refers investors to an accompanying press release for estimated operational and financial results for the period.

When information is 'furnished' under Item 2.02 and 7.01, it generally means it is being provided to the SEC for disclosure purposes but is not considered 'filed' for the purposes of liability under Section 18 of the Securities Exchange Act of 1934. This means the company assumes less legal liability for the accuracy of this specific furnished information compared to information formally 'filed' with the SEC.