Devon Energy is trading 4.06% up at $44.73, supported by stronger crude prices amid uncertainty over reopening the Strait of Hormuz.
- On August 10, 2026, Brent rose 1.0% and WTI gained 0.8%, supporting oil producers broadly.
- Reuters reported Devon’s August 4 quarterly profit beat expectations: second-quarter net income was $1.91 billion and adjusted earnings were $1.57 per share versus analysts’ $1.39 expectation.
- That catalyst is several sessions old; the intraday move is best attributed to sector strength, not fresh company-specific news.