Devon Energy Announces Cash Dividend for Common Stockholders

    OKLAHOMA CITY, June 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 second quarter of 2008. The dividend is payable
on June 30, 2008, at a rate of $0.16 per share based on a record date of June
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 additional information, visit

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

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