Devon and Coterra to Create Shale Giant in $58-Billion Merger Deal [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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Source: Yahoo! Finance
The deal, announced today after weeks of speculation , would create a company with a significantly increased position in the premier part of the Permian Basin and operations in the Marcellus Shale and Anadarko Basin. The deal will create one of the top shale producers with pro-forma third quarter 2025 production exceeding 1.6 million barrels of oil equivalent (Boe) per day, including over 550,000 barrels of oil per day and 4.3 billion cubic feet of gas per day, the companies said. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a significant presence in Oklahoma City. Devon and Coterra expect to realize $1 billion in annual pre-tax synergies with the deal. Lower oil prices have shale producers considering how they can boost investor returns when expanding drilling at $60 a barrel oil or lower is eating the margins. In terms of drilling opportunities, the combined company will have the largest inventory in the Delaware b
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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