Devon Energy quarterly profit up on asset sales, output rises
Nov 4 (Reuters) - Devon Energy Corp, a North American onshore operator, on Tuesday reported a sharply higher quarterly profit as its results were helped by the sale of U.S. oil and gas properties.
The Oklahoma City-based company posted a third-quarter profit of $1 billion, or $2.47 per share, compared with $429 million, or $1.05 per share, in the same period a year ago.
Total oil and gas production from company's retained assets averaged 640,000 barrels of oil equivalent per day, up 19 percent from a year ago. (Reporting by Anna Driver, editing by G Crosse)
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