Devon Energy Announces Cash Dividend for Common Stockholders



    OKLAHOMA CITY, Sept. 2 /CNW/ -- Devon Energy Corporation (NYSE:   DVN)
today announced that its board of directors declared a quarterly cash dividend
on Devon's common stock for the third quarter of 2008. The dividend is payable
on September 30, 2008, at a rate of $0.16 per share based on a record date of
September 16, 2008.
    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
http://www.devonenergy.com.




For further information:

For further information: 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

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DEVON ENERGY CORPORATION

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