Devon Energy Corporation
Devon Energy and Coterra Complete Merger to Form Premier Shale Operator
Summary
Devon Energy Corporation and Coterra Energy Inc. have completed their previously announced all-stock merger, creating a premier large-cap shale operator. The combined company will operate under the name Devon Energy and will continue to trade on the New York Stock Exchange under the ticker symbol 'DVN'. The merger resulted in the appointment of new board members and executives, including Shannon E. Young III as Executive Vice President and Chief Financial Officer, and Gregory F. Conaway as Vice President and Chief Accounting Officer. The transaction was approved by stockholders of both companies at special meetings held on May 4, 2026.
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About Devon Energy Corporation
Devon Energy Corporation is a prominent player in the energy sector, specializing in the exploration, development, and production of oil and natural gas. With its corporate headquarters located in Oklahoma City, Oklahoma, Devon Energy operates principally across the United States. Its portfolio encompasses some of the most resource-rich areas, such as the Delaware Basin within the greater Permian Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and the Williston Basin. The company's primary function is to harness and maximize value from its substantial onshore oil and gas reserves, making substantial contributions to the energy supply chain. Devon Energy is noted for its strategic focus on efficient and sustainable practices in hydrocarbon extraction and production. It plays a critical role in the U.S. energy landscape, providing resources essential for various sectors including transportation, manufacturing, and residential energy needs. Through innovative drilling and operating techniques, Devon Energy pursues operational excellence while remaining committed to reducing its environmental footprint and enhancing the safety of its operations.
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