Net Earnings (Loss) Per Share Attributable To Devon

9 Months Ended

Sep. 30, 2015

Net Earnings (Loss) Per Share Attributable To Devon:

Net Earnings (Loss) Per Share Attributable To Devon

7. Net Earnings (Loss) Per Share Attributable to Devon

The following table reconciles net earnings (loss) attributable to Devon and common shares outstanding used in the calculations of basic and diluted net earnings per share.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014

	(Millions, except per share amounts)

Net earnings (loss):
Net earnings (loss) attributable to Devon	$	(3,507)	$	1,016	$	(9,922)	$	2,015
Attributable to participating securities		(1)		(11)		(3)		(20)
Basic and diluted earnings (loss)	$	(3,508)	$	1,005	$	(9,925)	$	1,995
Common shares:
Common shares outstanding - total		411		409		411		408
Attributable to participating securities		(5)		(4)		(5)		(4)
Common shares outstanding - basic		406		405		406		404
Dilutive effect of potential common shares issuable		-		2		-		2
Common shares outstanding - diluted		406		407		406		406

Net earnings (loss) per share attributable to Devon:
Basic	$	(8.64)	$	2.48	$	(24.45)	$	4.94
Diluted	$	(8.64)	$	2.47	$	(24.45)	$	4.91
Antidilutive options (1)		4		1		4		3

(1)

Amounts represent options to purchase shares of Devon’s common stock that are excluded from the diluted net earnings per share calculations because the options are antidilutive.