Devon Energy Corp. (DVN) reported first-quarter 2024 earnings per share (EPS) of $1.16, outpacing the Zacks Consensus Estimate of $1.10 by 5.5%. Strong production volumes and efficient cost management allowed the company to enjoy the benefit of rising oil prices during the quarter.GAAP earnings per share in the reported quarter were 94 cents compared with $1.81 in the year-ago quarter. The difference between GAAP and operating earnings in the first quarter was due to a 22-cent impact of fair value changes i ...