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0 -0.00306513409961679 0.00102171136653893 0.00536398467432952 0.00536398467432952 -0.00485312899105997 -0.00413793103448273 0.00638569604086846
Stock impact report

Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. The formation of this premier company is expected to unlock substantial value by leveraging each company's core strengths and through the realization of $1 billion in annual pre-tax synergies. The realization of synergies, technology-driven capital efficiency gains and optimized capital allocation will drive near and long-term per share growth. KEY HIGHLIGHTS Transformative merger combines high-quality assets and complementary technical capabilities Creates a scaled, large-cap E&P with leading inventory duration and durable free cash flow Devon to be a leader in the Delaware Basin, w Show less Read more
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