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Devon Energy Announces Cash Dividends for Common and Preferred Stockholders

    OKLAHOMA CITY, Sept. 1 /PRNewswire-FirstCall/ -- Devon Energy
Corporation (NYSE: DVN) today announced that its board of directors
declared a quarterly cash dividend on Devon's common stock for the third
quarter of 2006. The dividend is payable on September 29, 2006, at a rate
of 11.25 cents per share based on a record date of September 15, 2006.
    Devon also announced that its board of directors declared a quarterly
cash dividend on its 6.49 percent cumulative preferred stock, series A. The
dividend rate is $1.6225 per share and is payable on September 29, 2006.
The record date for the dividend is September 15, 2006.
    Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration, production and property
acquisitions. Devon is one of the larger independent oil and gas producers
and is included in the S&P 500 Index. For additional information, visit
http://www.devonenergy.com .


SOURCE Devon Energy Corporation




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  • http://www.devonenergy.com
  • http://www.prnewswire.com/comp/118040.html /
    CONTACT:
    investor, Zack Hager, +1-405-552-4526, or
    media, Chip Minty, +1-405-228-8647, both of Devon Energy
    Corporation