Devon Energy and Coterra Energy announce $58 billion merger deal
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Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator
February 2, 2026 6:59 AM ESTOKLAHOMA CITY & HOUSTON--(BUSINESS WIRE)-- 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 significant presence in Oklahoma City. The formation of this premier company is expected to... More
