Atlantic-based IntercontinentalExchange (ICE) said late Wednesday that it plans to conduct an initial public offering of its common stock. It plans to file a registration statement with Securities and Exchange Commission in the next several weeks. ICE operates an online exchange for trading natural gas, crude oil and power futures and over-the-counter energy products. ICE conducts its markets for futures trading through its subsidiary, London-based International Petroleum Exchange (IPE), Europe’s leading energy futures and options exchange. ICE also announced its 2004 financial results on Wednesday, reporting revenues of $108.4 million and consolidated net income of $22 million. Consolidated cash flow from operations was $40.3 million. Capital expenditures and capitalized software in 2004 totaled $6.5 million. For 2004, volume traded on ICE’s futures subsidiary, the International Petroleum Exchange (IPE), reached 35.5 million contracts. Electronically traded IPE Brent volume increased from 2.8% of total contract volume in January 2004 to 27.2% of total contract volume in December 2004. For more information, go to www.theinterchange.com.

Devon Energy’s board increased the company’s quarterly cash dividend on its common stock by 50% on Wednesday. The dividend for the first quarter of 2005 is 7.5 cents/share payable on March 31. “We increased the common stock dividend in 2004 and are doing so again in 2005,” said CEO J. Larry Nichols. “Devon is committed to delivering value to our shareholders. Dividends are one of the ways in which we do this.” Devon also announced that its board declared a quarterly cash dividend on its 6.49% cumulative preferred stock, series A. The dividend rate is $1.6225 per share.

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