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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Debt
Repayments
During 2008, we repaid $1.5 billion in outstanding credit
facility borrowings primarily with proceeds received from the
sales of assets under our African divestiture program. Also
during 2008, virtually all holders of exchangeable debentures
exercised their option to exchange their debentures for shares
of Chevron common stock owned by us. The debentures matured on
August 15, 2008. In lieu of delivering our shares of
Chevron common stock, we exercised our option to pay the
exchanging debenture holders cash totaling $1.0 billion.
This amount included the retirement of debentures with a book
value of $652 million and a $379 million payment of
the related embedded derivative option.
During 2007, we repaid the $400 million 4.375% notes,
which matured on October 1, 2007. Also during 2007, certain
holders of exchangeable debentures exercised their option to
exchange their debentures for shares of Chevron common stock
prior to the debentures’ August 15, 2008 maturity
date. In lieu of delivering shares of Chevron common stock, we
exercised our option to pay the exchanging debenture holders an
amount of cash equal to the market value of Chevron common
stock. We paid $167 million in cash to exchangeable
debenture holders who exercised their exchange rights. This
amount included the retirement of debentures with a book value
of $105 million and a $62 million payment of the
related embedded derivative option.
During 2006, we retired the $500 million 2.75% notes
and the $178 million ($200 million Canadian)
6.55% senior notes. We also repaid $180 million of
debt acquired in the Chief acquisition.
Debt
Repayments
During 2008, we repaid $1.5 billion in outstanding credit
facility borrowings primarily with proceeds received from the
sales of assets under our African divestiture program. Also
during 2008, virtually all holders of exchangeable debentures
exercised their option to exchange their debentures for shares
of Chevron common stock owned by us. The debentures matured on
August 15, 2008. In lieu of delivering our shares of
Chevron common stock, we exercised our option to pay the
exchanging debenture holders cash totaling $1.0 billion.
This amount included the retirement of debentures with a book
value of $652 million and a $379 million payment of
the related embedded derivative option.
During 2007, we repaid the $400 million 4.375% notes,
which matured on October 1, 2007. Also during 2007, certain
holders of exchangeable debentures exercised their option to
exchange their debentures for shares of Chevron common stock
prior to the debentures’ August 15, 2008 maturity
date. In lieu of delivering shares of Chevron common stock, we
exercised our option to pay the exchanging debenture holders an
amount of cash equal to the market value of Chevron common
stock. We paid $167 million in cash to exchangeable
debenture holders who exercised their exchange rights. This
amount included the retirement of debentures with a book value
of $105 million and a $62 million payment of the
related embedded derivative option.
During 2006, we retired the $500 million 2.75% notes
and the $178 million ($200 million Canadian)
6.55% senior notes. We also repaid $180 million of
debt acquired in the Chief acquisition.
Debt Repayments During 2008, we repaid $1.5 billion in outstanding credit facility borrowings primarily with proceeds received from the sales of assets under our African divestiture program. Also during 2008, virtually all holders of exchangeable debentures exercised their option to exchange their debentures for shares of Chevron common stock owned by us. The debentures matured on August 15, 2008. In lieu of delivering our shares of Chevron common stock, we exercised our option to pay the exchanging debenture holders cash totaling $1.0 billion. This amount included the retirement of debentures with a book value of $652 million and a $379 million payment of the related embedded derivative option. During 2007, we repaid the $400 million 4.375% notes, which matured on October 1, 2007. Also during 2007, certain holders of exchangeable debentures exercised their option to exchange their debentures for shares of Chevron common stock prior to the debentures’ August 15, 2008 maturity date. In lieu of delivering shares of Chevron common stock, we exercised our option to pay the exchanging debenture holders an amount of cash equal to the market value of Chevron common stock. We paid $167 million in cash to exchangeable debenture holders who exercised their exchange rights. This amount included the retirement of debentures with a book value of $105 million and a $62 million payment of the related embedded derivative option. During 2006, we retired the $500 million 2.75% notes and the $178 million ($200 million Canadian) 6.55% senior notes. We also repaid $180 million of debt acquired in the Chief acquisition. Debt Repayments During 2008, we repaid $1.5 billion in outstanding credit facility borrowings primarily with proceeds received from the sales of assets under our African divestiture program. Also during 2008, virtually all holders of exchangeable debentures exercised their option to exchange their debentures for shares of Chevron common stock owned by us. The debentures matured on August 15, 2008. In lieu of delivering our shares of Chevron common stock, we exercised our option to pay the exchanging debenture holders cash totaling $1.0 billion. This amount included the retirement of debentures with a book value of $652 million and a $379 million payment of the related embedded derivative option. During 2007, we repaid the $400 million 4.375% notes, which matured on October 1, 2007. Also during 2007, certain holders of exchangeable debentures exercised their option to exchange their debentures for shares of Chevron common stock prior to the debentures’ August 15, 2008 maturity date. In lieu of delivering shares of Chevron common stock, we exercised our option to pay the exchanging debenture holders an amount of cash equal to the market value of Chevron common stock. We paid $167 million in cash to exchangeable debenture holders who exercised their exchange rights. This amount included the retirement of debentures with a book value of $105 million and a $62 million payment of the related embedded derivative option. During 2006, we retired the $500 million 2.75% notes and the $178 million ($200 million Canadian) 6.55% senior notes. We also repaid $180 million of debt acquired in the Chief acquisition. These excerpts taken from the DVN 10-K filed Jun 9, 2008. Debt
Repayments
During 2007, we repaid the $400 million 4.375% notes,
which matured on October 1, 2007. Also during 2007, certain
holders of exchangeable debentures exercised their option to
exchange their debentures for shares
Table of Contents
of Chevron common stock prior to the debentures’
August 15, 2008 maturity date. We have the option, in lieu
of delivering shares of Chevron common stock, to pay exchanging
debenture holders an amount of cash equal to the market value of
Chevron common stock. We paid $167 million in cash to
debenture holders who exercised their exchange rights. This
amount included the retirement of debentures with a book value
of $105 million and a $62 million reduction of the
related embedded derivative option’s balance.
During 2006, we retired the $500 million 2.75% notes
and the $178 million ($200 million Canadian) 6.55%. We
also repaid $180 million of debt acquired in the Chief
acquisition.
During 2005, we spent $0.8 billion to retire zero coupon
convertible debentures due in 2020 and $400 million
6.75% notes due in 2011 before their scheduled maturity
dates. We also spent $0.4 billion to repay various notes
that matured in 2005.
Debt Repayments During 2007, we repaid the $400 million 4.375% notes, which matured on October 1, 2007. Also during 2007, certain holders of exchangeable debentures exercised their option to exchange their debentures for shares
Table of Contentsof Chevron common stock prior to the debentures’ August 15, 2008 maturity date. We have the option, in lieu of delivering shares of Chevron common stock, to pay exchanging debenture holders an amount of cash equal to the market value of Chevron common stock. We paid $167 million in cash to debenture holders who exercised their exchange rights. This amount included the retirement of debentures with a book value of $105 million and a $62 million reduction of the related embedded derivative option’s balance. During 2006, we retired the $500 million 2.75% notes and the $178 million ($200 million Canadian) 6.55%. We also repaid $180 million of debt acquired in the Chief acquisition. During 2005, we spent $0.8 billion to retire zero coupon convertible debentures due in 2020 and $400 million 6.75% notes due in 2011 before their scheduled maturity dates. We also spent $0.4 billion to repay various notes that matured in 2005. These excerpts taken from the DVN 10-K filed Feb 28, 2008. Debt
Repayments
During 2007, we repaid the $400 million 4.375% notes,
which matured on October 1, 2007. Also during 2007, certain
holders of exchangeable debentures exercised their option to
exchange their debentures for shares
Table of Contents
of Chevron common stock prior to the debentures’
August 15, 2008 maturity date. We have the option, in lieu
of delivering shares of Chevron common stock, to pay exchanging
debenture holders an amount of cash equal to the market value of
Chevron common stock. We paid $167 million in cash to
debenture holders who exercised their exchange rights. This
amount included the retirement of debentures with a book value
of $105 million and a $62 million reduction of the
related embedded derivative option’s balance.
During 2006, we retired the $500 million 2.75% notes
and the $178 million ($200 million Canadian) 6.55%. We
also repaid $180 million of debt acquired in the Chief
acquisition.
During 2005, we spent $0.8 billion to retire zero coupon
convertible debentures due in 2020 and $400 million
6.75% notes due in 2011 before their scheduled maturity
dates. We also spent $0.4 billion to repay various notes
that matured in 2005.
Debt Repayments During 2007, we repaid the $400 million 4.375% notes, which matured on October 1, 2007. Also during 2007, certain holders of exchangeable debentures exercised their option to exchange their debentures for shares
Table of Contentsof Chevron common stock prior to the debentures’ August 15, 2008 maturity date. We have the option, in lieu of delivering shares of Chevron common stock, to pay exchanging debenture holders an amount of cash equal to the market value of Chevron common stock. We paid $167 million in cash to debenture holders who exercised their exchange rights. This amount included the retirement of debentures with a book value of $105 million and a $62 million reduction of the related embedded derivative option’s balance. During 2006, we retired the $500 million 2.75% notes and the $178 million ($200 million Canadian) 6.55%. We also repaid $180 million of debt acquired in the Chief acquisition. During 2005, we spent $0.8 billion to retire zero coupon convertible debentures due in 2020 and $400 million 6.75% notes due in 2011 before their scheduled maturity dates. We also spent $0.4 billion to repay various notes that matured in 2005. This excerpt taken from the DVN 10-K filed Feb 28, 2007. Debt
Repayments
Our net debt retirements were $0.9 billion,
$1.3 billion and $1.0 billion in 2006, 2005 and 2004,
respectively. These amounts consisted of payments at the
scheduled maturity dates with the exception of the following
payments. The 2006 amount includes $0.2 billion related to
the repayment of debt acquired in the Chief acquisition. The
2005 amount includes $0.8 billion related to the retirement
of zero coupon convertible debentures due in 2020 and
6.75% notes due in 2011. The 2004 amount includes
$635 million for the payment of the outstanding balance
under a $3 billion term loan credit facility due in 2006.
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