Post reports a Bloomberg-sourced merger talk between Devon Energy and Coterra Energy that would create a $44 billion shale producer, with no explicit trade or valuation argument from the author.
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Per bloomberg 10 mins ago. Devon Energy and Cotarra in talks of merger that would be a huge deal.
Devon Energy is a leading independent oil and natural gas exploration and production company. Devon's operations are focused onshore in the United States.
The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. Devon's second quarter 2025 daily production was approximately 387,000 barrels of oil, about 222,000 barrels of natural gas liquids and nearly 1.4 billion cubic feet of natural gas.
Headquartered in Oklahoma City, Devon is a Fortune 500 company and is included in the S&P 500 Index. Its common shares trade on the New York Stock Exchange under the ticker symbol DVN.