Devon Energy And Coterra Create Shale Giant With $58 Billion Merger

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 ...