Devon Energy Announces Cash Dividend for Common Stockholders

OKLAHOMA CITY, June 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 second quarter of 2009. The dividend is payable on June 30, 2009, at a rate of $0.16 per share based on a record date of June 15, 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
06/01/2009 CONTACT: Investors, Zack Hager, 1-405-552-4526,
or Media, Chip Minty, 1-405-228-8647, both of Devon Energy Corporation Web Site: http://www.devonenergy.com
(DVN)