Devon Energy’s Quarterly Profit Surges

Devon Energy Corp. on Nov. 6 reported a jump in quarterly profit as the oil producer gained from the sale of its stakes in pipeline operator EnLink Midstream.

The company’s net income attributable to shareholders rose to $2.5 billion, or $5.14 per share, in the third quarter ended Sept.30, from $193 million, or 37 cents per share, a year earlier.