Devon Agrees to Buy Oil Rival Coterra for $21.4 Billion in Stock [Yahoo! Finance Canada]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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investors.devonenergy.com/investors/events-presentations/default.aspx
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Bloomberg News first reported the talks earlier this year and revealed last week that a deal was near. The deal, expected to close in the second quarter and generate about $1 billion in pre-tax savings, illustrates how shale companies are pushing to consolidate as many of the best US drilling sites have been tapped. The combination would strengthen their positions in the Permian Basin of West Texas and New Mexico, the country's largest and most productive oil field, giving them more scale to better compete with rivals such as Exxon Mobil Corp. and Diamondback Energy Inc. Devon Energy Corporation (DVN) “We've now built a diverse asset base of high-quality, long duration inventory to drive resilient value creation and returns for shareholders through cycles,” Gaspar said on Monday. Devon shareholders will own 54% of the combined company, and Coterra shareholders will own 46%. Devon has rights to about 400,000 net acres in a fast-growing swath of the
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DVN
News
- Devon Energy (NYSE:DVN) was given a new $50.00 price target on by analysts at UBS Group AG.MarketBeat
- Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors' Lists [Seeking Alpha]Seeking Alpha
- Devon Energy (NYSE:DVN) was upgraded by analysts at Barclays PLC from an "equal weight" rating to an "overweight" rating.MarketBeat
- Devon Energy (NYSE:DVN) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Halper Sadeh LLC is Investigating PKST, DVN, CTRA on Behalf of ShareholdersGlobeNewswire
DVN
Earnings
- 11/5/25 - Beat
DVN
Sec Filings
- 2/2/26 - Form 425
- 2/2/26 - Form 425
- 2/2/26 - Form 8-K
- DVN's page on the SEC website