Devon Coterra Merger

1 day agodevon energy (“devon”) (nyse: Dvn) and coterra energy (“coterra”) (nyse: Ctra) today announced the signing of a definitive agreement to merge in an all-stock transaction.

1 day agodevon energy and coterra energy on monday announced a $58 billion all-stock merger to become a large-cap producer with a top position in the permian basin as the shale sector. 22 hours agoa merger between to big independent upstream companies, devon energy and coterra energy, creates a new powerhouse on the u.s. 1 day agodevon energy and coterra energy are merging to create a $58bn shale drilling giant, in one of the oil and gas industry’s biggest deals in years.

18 hours agothe massive permian basin merger creates a combined devon with a $58 billion enterprise value. 23 hours agothe merger between devon and coterra would create a $58 billion oil and gas company based in houston, the companies said. 1 day agodevon and coterra are targeting $1 billion in annual pre-tax savings by 2027 and plan to lift shareholder returns through higher dividends and a share buyback program of more than $5 billion..

1 day agodevon energy and coterra energy will merge in a $58 billion all-stock deal to form one of the largest and most capital-efficient shale producers in the united states. 3 days agoceo commentary “this transformative merger combines two companies with proud histories and cultures of operational excellence, creating a premier shale operator,” said clay. 1 day agocoterra energy (nyse:ctra) and devon energy agreed to a us$58b all stock merger.