Devon reports quarterly loss compared with year-ago profit

Reuters

Published Jul 31, 2018 04:22PM ET

Devon reports quarterly loss compared with year-ago profit

U.S. oil producer Devon Energy Corp (N:DVN) reported a quarterly loss compared with year-ago profit on Tuesday, hurt by higher expenses and a strong dollar.

Net loss attributable to the company was $425 million, or 83 cents per share, for the second quarter ended June 30, compared with a profit of $219 million, or 41 cents per share, a year earlier.