Devon and Coterra Energy Announce Major Merger Creating a U.S. Shale Giant
- Last Updated on February 5, 2026
Devon Energy Corporation and Coterra Energy Inc. have agreed to merge in a transformative all-stock deal valued at roughly $58 billion, creating one of the largest shale oil and gas operators in the United States. The transaction, unanimously approved by both companies’ boards, positions the combined company as a leading force in U.S. onshore energy
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