Devon has agreed a $1.4 billion joint venture deal with Japan’s Sumitomo in the Permian, but the company’s second-quarter earnings show a dramatic drop in profits and lower-than-expected production volumes.
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Devon and Sumitomo team up in the Permian
Devon has agreed a $1.4 billion joint venture deal with Japan’s Sumitomo in the Permian, but the company’s second-quarter earnings show a dramatic drop in profits and lower-than-expected production volumes.