This $58 Billion Merger Is Creating a New U.S. Oil and Gas Giant [Yahoo! Finance]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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US:NYSE Investor Relations:
investors.devonenergy.com/investors/events-presentations/default.aspx
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Source: Yahoo! Finance
Devon Energy (NYSE: DVN) shareholders will end up owning 54% of the overall company after its merger with Coterra Energy (NYSE: CTRA) is completed. While this is being billed as a merger, it is really more of an acquisition, with Coterra shareholders receiving 0.7 Devon shares for every Coterra share they own. That said, this pairing looks like a very attractive growth opportunity for Devon. The quickest way to grow Devon Energy doesn't actually need to buy another company to grow its business. The U.S. onshore energy company can simply drill more wells. That, however, is a slow and tedious process, and it has to be juxtaposed against depletion. Every barrel of oil Devon pulls from the ground is one less barrel it has to produce in the future. A quicker way to grow is to buy another company, which also adds more developable land to support future growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "In
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News
- Devon–Coterra Deal Signals Investors Still Rule the Shale Patch [Yahoo! Finance]Yahoo! Finance
- Oil Rally Is Temporary - Sell Most Of These Oil Stocks [Seeking Alpha]Seeking Alpha
- Trade Tracker: Josh Brown sells Devon Energy [CNBC]CNBC
- Devon Energy (DVN) had its price target raised by BMO Capital Markets from $45.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Mizuho Reaffirms Outperform Rating on Devon Energy Corporation (DVN) as Q4 Revenue Beats Estimates at $4.12 Billion [Yahoo! Finance]Yahoo! Finance
DVN
Earnings
- 2/17/26 - Beat
DVN
Sec Filings
- 2/18/26 - Form 10-K
- 2/17/26 - Form 8-K
- 2/12/26 - Form 4
- DVN's page on the SEC website