Devon Energy Announces Cash Dividend for Common Stockholders

OKLAHOMA CITY, March 2 /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 first quarter of 2009. The dividend is payable on March 31, 2009, at a rate of $0.16 per share based on a record date of March 16, 2009.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is the largest U.S.-based independent oil and gas producer and is included in the S&P 500 Index. For more information about Devon, please visit our website at www.devonenergy.com .

SOURCE Devon Energy Corporation

CONTACT: Investors
Zack Hager, +1-405-552-4526
or
Media
Chip Minty, +1-405-228-8647
both of Devon Energy Corporation

Company News On-Call: http://www.prnewswire.com/comp/118040.html/ /Web Site: http://www.devonenergy.com