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0.00020889910173387 0.000800779889979672 0.00341201866165295 0.000905229440846706 -0.000696330339113033 0.00619803634844363 -0.0020889910173387 -0.00250678922080645
Stock impact report

Devon, Coterra Merger Redraws the 2026 U.S. Shale Playbook [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
a $58 billion producer anchored in the Delaware Basin, with roughly 750,000 net acres, and targets $1 billion in annual pretax savings by 2027. Devon will also shift its headquarters to Houston. This isn't scale for scale's sake. The combined DVN-CTRA portfolio concentrates cash flow in the Delaware Basin, while keeping multi-basin options, a setup that investors will find rewarding when it translates to durable free cash flow and disciplined capital returns. That same playbook has been reinforced by how the largest operators — including ExxonMobil XOM and Chevron CVX — have leaned into scale through major acquisitions over the last few years, while Permian-focused consolidators like Diamondback Energy FANG have expanded aggressively to extend inventory life. After a surge in deal activity in 2023-2024, mergers slowed in 2025. The Devon-Coterra transaction changes that tone, standing out as one of the largest upstream deals since 2020 and signaling renewed interest in large-scale Show less Read more
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