The transaction is expected to close in the second half of 2026, the companies say. ...

Devon Energy与Coterra Energy宣布合并，将组建一家估值 580 亿美元的页岩钻探巨头，这是油气行业多 年来规模最大的交易之一。 Devon Energy与Coterra Energy宣布合并，将组建一家估值 580 亿美元的页岩钻探巨头，这是油气行业多 年来规模最大的交易之一。 此次合并于周一官宣，恰逢美国油价跌至四年低点。这一背景令页岩油行业承压，迫使规模较小的企业 考虑通过联合方式与大型竞争对手抗衡。根据这份全股票交易协议，Devon Energy股东将持有合并后公 司 54% 的股份，Coterra Energy股东则持有 46%。据报道，这两家美国企业的并购谈判已接近尾声。 该交易是迄今为止规模最大的油气行业并购案，此前的纪录由Diamondback Energy以 260 亿美元现金加 股票收购页岩油竞争对手Endeavor Energy Resources保持。 分析师推测，在经历了两年的交易淡季之后，Devon Energy与Coterra Energy的合并可能会引发美国油气 行业的一波收购热潮。合并后的公司将成为美国最大的页岩油生产商之一，在富含石油的二叠纪盆地特 拉 ...

Devon & Coterra Transformative Merger February 2, 2026 Transformative Merger Creates Premier Shale Operator | Must-own, large-cap independent with $58 billion pro | • | Large-Cap Shale | forma enterprise value1 | | | | --- | --- | --- | --- | --- | --- | | Powerhouse | • | Resilience anchored by high-margin L48 portfolio & | balanced commodity mix | | | | • | Underpins over 50% of enterprise-wide production | | | | | | Franchise | and free cash flow | Delaware Asset | | | | | >10 years of highly competitive ...

Core Viewpoint - Devon Energy and Coterra Energy have announced a merger to create a leading shale operator with a combined enterprise value of approximately $58 billion [1] Group 1: Merger Details - The merger will result in a company with a pro-forma production exceeding 1.6 million barrels of oil equivalent (Boe) per day by the third quarter of 2025, including over 550,000 barrels of oil per day and 4.3 billion cubic feet of gas per day [2] - The new entity will be named Devon Energy and will be headquartered in Houston, while also maintaining a significant presence in Oklahoma City [2] - Coterra shareholders will receive a fixed exchange ratio of 0.70 share of Devon common stock for each share of Coterra common stock, resulting in Devon shareholders owning about 54% and Coterra shareholders approximately 46% of the combined company [4] Group 2: Operational Synergies and Efficiency - The merger is expected to generate $1 billion in annual pre-tax synergies [2] - The combined company will have the largest inventory in the Delaware basin with a breakeven cost below $40 per barrel, enhancing its drilling opportunities [3] - The new entity will also exhibit top-tier capital efficiency across various basins, including Permian, Anadarko, Eagle Ford, Marcellus, and the Rockies [4] Group 3: Timeline and Approvals - The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in the second quarter of 2026, pending regulatory approvals and customary closing conditions [5]

Devon Energy Corp. agreed to acquire Coterra Energy Inc. for about $21.4 billion in stock to create one of the world’s biggest shale companies as dwindling drilling sites spur producers to consolidate. The deal calls for Coterra stockholders to receive 0.7 Devon shares for each share they own, according to a statement Monday. It amounts to a roughly 12% premium for Coterra investors based on the stock value in mid-January before news broke that the companies were in talks, but it’s a slight discount to Fr ...

Devon Energy And Coterra Create Shale Giant With $58 Billion Merger | Investor's Business DailyBREAKING: [Futures Off Lows, Bitcoin Dives To Lowest Since 2024]---Devon Energy (DVN) and Coterra Energy (CTRA) announced before Monday's stock market open they will merge in an all-stock transaction, which will create a shale oil and gas giant valued at about $58 billion. The two companies said Monday that the new entity will be named Devon Energy and headquartered in Houston. The merger is expected to bring abou ...

Devon Energy and Coterra Energy agreed to merge in a roughly $58 billion all-stock deal, including debt. ...

Core Viewpoint - U.S. shale producers Devon Energy and Coterra Energy are merging in a $58 billion all-stock deal to form one of the largest independent shale producers in the United States [1] Company Summary - The merger will combine the strengths of both companies, enhancing their operational capabilities and market presence in the shale industry [1] - The all-stock nature of the deal indicates a strategic move to consolidate resources and improve financial stability [1] Industry Summary - This merger reflects a trend in the shale industry towards consolidation as companies seek to optimize production and reduce costs amid fluctuating oil prices [1] - The creation of a larger independent shale producer may impact competition and market dynamics within the U.S. energy sector [1]

OKLAHOMA CITY and HOUSTON, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Devon 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. The combination will create a leading large-cap shale operator with a high-quality asset base anchored by a premier position in the economic core of the Delaware Basin. The combined company will be named Devon Energy and will be headquartered in Houston while maintaining a signif ...

Market Movements - US stock index futures are all down, with Dow futures down 0.32%, S&P 500 futures down 0.37%, and Nasdaq futures down 0.49% [1] - European indices show positive movement, with Germany's DAX up 1.04%, UK's FTSE 100 up 0.45%, France's CAC40 up 0.76%, and the Euro Stoxx 50 up 1.04% [2][3] - WTI crude oil is down 0.61% at $65.02 per barrel, while Brent crude oil is down 0.73% at $69.08 per barrel [3][4] Market News - Trump's nomination of Kevin Warsh for the Federal Reserve chair may face hurdles due to ongoing investigations, with some Republican senators indicating they will block nominations until legal issues are resolved [5] - The financial market perceives Warsh as a more hawkish candidate compared to current chair Powell, potentially leading to tighter monetary policies [5] - Gold and silver prices have seen significant declines, with gold dropping over 5% to $5,099 per ounce and silver down over 12% to $101.4 per ounce, raising concerns about the sustainability of recent price increases [6] - The temporary agreement between Trump and Senate Democrats aims to prevent a government shutdown, although further negotiations are ongoing [6] Investment Strategies - Bank of America indicates that global stock markets are flashing sell signals, with 89% of MSCI stock index prices above their 50-day and 200-day moving averages, surpassing the 88% threshold considered a sell signal [7] - Jeff Gundlach, known as the "new bond king," advises avoiding the US market due to high inflation and a weakening dollar, recommending a 30%-40% allocation to non-US stocks, particularly emerging markets [8] Company News - Apple reported record Q1 earnings of $143.8 billion, a 16% year-over-year increase, driven by a 23% increase in iPhone revenue to $85.3 billion, with significant growth in the Greater China region [9] - Apple CEO Tim Cook announced a partnership with Google to develop a more personalized Siri, while also warning of supply constraints due to 3nm chip production limitations [10] - Sandisk's Q2 revenue is projected to grow 61.2% to $3.03 billion, exceeding market expectations, with a strong performance in data center and consumer segments [11] - Western Digital reported a 25% increase in revenue to $3.02 billion, with net profit surging 296%, driven by AI infrastructure demand [12] - KLA Corporation's Q2 revenue grew 7.2% to $3.3 billion, benefiting from AI infrastructure expansion, but concerns about valuation risks have emerged [13] - Visa's Q1 adjusted earnings were $3.17 per share, a 15% increase, with total payment volume reaching $3.87 trillion, exceeding expectations [14] - ExxonMobil's Q4 adjusted net profit was $1.71 per share, driven by increased oil production and refining margins, while Chevron's Q4 adjusted earnings were $1.52 per share, with plans for production growth [15][16] - Coterra Energy and Devon Energy are reportedly in talks for a potential merger, which could be one of the largest oil and gas deals in recent years [17]