5 articles
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
Activist investor Kimmeridge criticized Devon Energy's slow asset divestment post-$25B Coterra acquisition, urging faster action on non-Permian holdings despite CEO assurances of urgency.
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
U.S. upstream oil and gas dealmaking reached $38 billion in Q1 2026, driven by Devon-Coterra's $25 billion merger. Despite March volatility from Middle East conflicts, analysts predict an M&A rebound
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