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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Common
Stock Repurchase Programs
We have an ongoing, annual stock repurchase program to minimize
dilution resulting from restricted stock issued to, and options
exercised by, employees. In 2009, the repurchase program
authorizes the repurchase of up to 4.8 million shares or a
cost of $360 million, whichever amount is reached first.
In anticipation of the completion of our West African
divestitures, our Board of Directors approved a separate program
to repurchase up to 50 million shares. This program expires
on December 31, 2009.
In response to the current economic environment and recent
downturn in commodity prices, we have indefinitely suspended
activity under both these programs. As a result, we do not
anticipate repurchasing shares under these programs in the
foreseeable future. Should economic conditions or commodity
prices strengthen, we will consider resumption of share
repurchases under our authorized programs.
Common
Stock Repurchase Programs
We have an ongoing, annual stock repurchase program to minimize
dilution resulting from restricted stock issued to, and options
exercised by, employees. In 2009, the repurchase program
authorizes the repurchase of up to 4.8 million shares or a
cost of $360 million, whichever amount is reached first.
In anticipation of the completion of our West African
divestitures, our Board of Directors approved a separate program
to repurchase up to 50 million shares. This program expires
on December 31, 2009.
In response to the current economic environment and recent
downturn in commodity prices, we have indefinitely suspended
activity under both these programs. As a result, we do not
anticipate repurchasing shares under these programs in the
foreseeable future. Should economic conditions or commodity
prices strengthen, we will consider resumption of share
repurchases under our authorized programs.
Common Stock Repurchase Programs We have an ongoing, annual stock repurchase program to minimize dilution resulting from restricted stock issued to, and options exercised by, employees. In 2009, the repurchase program authorizes the repurchase of up to 4.8 million shares or a cost of $360 million, whichever amount is reached first. In anticipation of the completion of our West African divestitures, our Board of Directors approved a separate program to repurchase up to 50 million shares. This program expires on December 31, 2009. In response to the current economic environment and recent downturn in commodity prices, we have indefinitely suspended activity under both these programs. As a result, we do not anticipate repurchasing shares under these programs in the foreseeable future. Should economic conditions or commodity prices strengthen, we will consider resumption of share repurchases under our authorized programs. Common Stock Repurchase Programs We have an ongoing, annual stock repurchase program to minimize dilution resulting from restricted stock issued to, and options exercised by, employees. In 2009, the repurchase program authorizes the repurchase of up to 4.8 million shares or a cost of $360 million, whichever amount is reached first. In anticipation of the completion of our West African divestitures, our Board of Directors approved a separate program to repurchase up to 50 million shares. This program expires on December 31, 2009. In response to the current economic environment and recent downturn in commodity prices, we have indefinitely suspended activity under both these programs. As a result, we do not anticipate repurchasing shares under these programs in the foreseeable future. Should economic conditions or commodity prices strengthen, we will consider resumption of share repurchases under our authorized programs. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Common
Stock Repurchase Programs
We have an ongoing, annual stock repurchase program to minimize
dilution resulting from restricted stock issued to, and options
exercised by, employees. In 2008, the repurchase program
authorizes the repurchase of up to 4.8 million shares or a
cost of $422 million, whichever amount is reached first.
In anticipation of the completion of our West African
divestitures, our Board of Directors has approved a separate
program to repurchase up to 50 million shares. This program
expires on December 31, 2009.
Common Stock Repurchase Programs We have an ongoing, annual stock repurchase program to minimize dilution resulting from restricted stock issued to, and options exercised by, employees. In 2008, the repurchase program authorizes the repurchase of up to 4.8 million shares or a cost of $422 million, whichever amount is reached first. In anticipation of the completion of our West African divestitures, our Board of Directors has approved a separate program to repurchase up to 50 million shares. This program expires on December 31, 2009. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Common
Stock Repurchase Programs
We have an ongoing, annual stock repurchase program to minimize
dilution resulting from restricted stock issued to, and options
exercised by, employees. In 2008, the repurchase program
authorizes the repurchase of up to 4.8 million shares or a
cost of $422 million, whichever amount is reached first.
In anticipation of the completion of our West African
divestitures, our Board of Directors has approved a separate
program to repurchase up to 50 million shares. This program
expires on December 31, 2009.
Common Stock Repurchase Programs We have an ongoing, annual stock repurchase program to minimize dilution resulting from restricted stock issued to, and options exercised by, employees. In 2008, the repurchase program authorizes the repurchase of up to 4.8 million shares or a cost of $422 million, whichever amount is reached first. In anticipation of the completion of our West African divestitures, our Board of Directors has approved a separate program to repurchase up to 50 million shares. This program expires on December 31, 2009. | EXCERPTS ON THIS PAGE:
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