Justice Department Struggles In Defining “What Is A Market”? [Forbes]
Exxon Mobil Corporation (XOM)
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Source: Forbes
The transaction now must be approved by the Justice Department. If approved, the merger is expected to close in the second quarter of 2026. ( Critics of the deal complain about its anti-competitive features because it would combine Devon's current top position in the Permian Basin of Texas with Coterra's already commanding role in the Marcellus Basin of Pennsylvania, Ohio, and West Virginia, as well. However, this proposed merger comes amid declining oil and natural gas prices generally, as well as the possibility of a return to the market of massive amounts of oil and gas from Venezuela. Also, many of the current energy majors, including Chevron and ExxonMobil, who for years refrained from taking a large position in shale, have recently switched course and now expect to remain substantial competitors with the newly combined company, to be known as Devon Energy. Indeed, even if the merger does go through, the newly combined company still would be smaller than ExxonMobil is at pres
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XOM
Earnings
- 1/30/26 - Beat
XOM
Sec Filings
- 2/20/26 - Form 8-K
- 2/18/26 - Form S-3ASR
- 2/18/26 - Form 10-K
- XOM's page on the SEC website