Devon and Rival Shale Driller Coterra to Merge in All-Stock Deal

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Why This Matters

Devon Energy Corp. and Coterra Energy Inc. are merging in an all-stock deal to create a $58 billion US shale producer, one of the largest oil and natural gas deals in years.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Coterra Energy Inc. and Devon Energy Corp. are combining to create a US shale producer with an enterprise value of about $58 billion, one of the largest oil and natural gas deals in years.

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Original article published by Bloomberg on February 2, 2026.
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