Devon Energy Declares Dividend

Devon Energy has declared a quarterly cash dividend on Devon's common stock for the fourth quarter of 2007. The dividend is payable on December 28, 2007, at a rate of $0.14 per share based on a record date of December 14, 2007.

Devon also announced that its board of directors declared a quarterly cash dividend on its 6.49 percent cumulative preferred stock, series A. The dividend rate is $1.6225 per share and is payable on December 28, 2007. The record date for the dividend is December 14, 2007.

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