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Devon Energy posts $2.8 billion loss

2015-08-05 06:53:05| Energy - Topix.net

Devon Energy Corp. on Tuesday recorded a second-quarter loss of $2.8 billion as tumbling oil prices led the company to write down the value of its assets. The loss translates to $6.94 a share, down from a profit of $675 million, or $1.64 a share in the second quarter of 2014.

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