Devon Energy faces activist pressure to divest assets or sell following its Coterra merger. Analysts identify five potential suitors including Diamondback, ConocoPhillips, Chevron, EOG Resources, and
WhiteWater and partners including Devon Energy have reached a final investment decision to build the Solitude Pipeline System, transporting up to 4.5 billion cubic feet per day of natural gas from the
Devon Energy reported its highest quarterly profit since 2022 at $1.91 billion, driven by the completed $58 billion Coterra merger and rising global oil prices amid Middle East tensions.
Devon Energy is exploring a $4 billion sale of its Eagle Ford and Powder River shale assets to streamline its portfolio following the Coterra acquisition, driven by investor pressure to focus on the P
Devon Energy received an approximately $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets following its Coterra merger. The proposal utilizes a record-breaking asset-bac
Devon Energy acquired 16,300 net undeveloped acres in the Delaware Basin for $2.6 billion following its merger with Coterra Energy, strengthening its U.S. shale position with favorable federal lease t
Devon Energy agreed to acquire Coterra Energy in a stock-swap deal valued at $58 billion, creating one of the largest U.S. oil and gas producers with projected annual cost savings of $1 billion by 202
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