Devon Energy Announces First Quarter Cash Dividend for Common Stockholders

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 2012. The dividend is payable on March 30, 2012 at a rate of $0.17 per share based on a record date of March 15, 2012.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production. Devon is a leading 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.