Past year: ▲ 47%(32.49 – 51.37 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 June 2026debt financing● Neutral
Devon completed exchange offers swapping outstanding Coterra Energy bonds for newly issued Devon notes and cash, folding Coterra's legacy debt onto Devon's balance sheet - the same integration playbook Devon used after acquiring WPX Energy in 2021.
22 May 2026business combination● Neutral
Devon filed updated pro forma combined financial statements reflecting the completed Coterra merger.
7 May 2026business combination▲ GoodMajor
Devon completed its all-stock merger with Coterra on May 7, 2026, after both sets of stockholders approved it on May 4. Each Coterra share became 0.70 Devon shares, the board became 11 members with Coterra's Thomas Jorden as non-executive Chair, and Coterra's Shannon Young became CFO.
5 May 2026merger communication▲ Good
Devon shareholders approved both the share issuance for the Coterra merger and a charter amendment doubling Devon's authorized shares (to 2 billion) at their May 4, 2026 special meeting, clearing the last major hurdle to closing.
24 Apr 2026business combination▲ Good
The SEC declared Devon's Coterra merger registration statement effective, and both companies scheduled special shareholder meetings for May 4, 2026 to vote on the deal.
24 Apr 2026merger communication● Neutral
Devon re-filed the same Coterra merger vote-scheduling disclosure as a required merger-communication filing.
10 Apr 2026business combination● Neutral
Devon filed unaudited pro forma combined financial statements showing what Devon and Coterra's results would have looked like combined, a required disclosure ahead of the merger vote.
2 Apr 2026business combination▲ Good
The Coterra Energy merger cleared U.S. antitrust review (HSR Act) on April 1, 2026, removing a key condition to closing.
2 Apr 2026merger communication● Neutral
Devon re-filed the same Coterra merger antitrust-clearance disclosure as a required merger-communication filing.
30 Mar 2026business combination● NeutralMajor
Devon filed its definitive proxy for the Coterra merger agreed February 1, 2026: each Coterra share would become 0.70 Devon shares (about $36.45 based on March 27, 2026 prices). Devon holders would own about 54% and Coterra holders 46%, with a May 4, 2026 vote on the share issuance and on raising authorized shares from 1 billion to 2 billion.
24 Mar 2026business combination● NeutralMajor
Amendment No. 1 to the registration for Devon's merger with Coterra Energy, setting both special meetings for May 4, 2026 off a March 27 record date. The terms are 0.70 Devon shares per Coterra share, leaving Devon holders with about 54% of a company roughly twice its present size, with Evercore's fairness opinion behind Devon's board, an $865 million break fee either way, and a Devon charter amendment on the same ballot.
24 Mar 2026material agreement▲ Good
Separately from the Coterra merger process, Devon amended its 2023 credit agreement to extend its maturity by a year (to 2031), renew extension options, and remove a small interest-rate spread adjustment - modestly improving its borrowing terms.
12 Mar 2026business combination● NeutralMajor
Devon registered the shares for an all-stock merger with Coterra Energy at 0.70 Devon shares per Coterra share, splitting the combined company roughly 54/46 in Devon's favour -- by far the largest combination in Devon's history and a second merger of near-equals five years after WPX.
2 Feb 2026business combination▲ GoodMajor
Devon agreed to merge with Coterra Energy in an all-stock deal, with Coterra shareholders receiving 0.70 Devon shares per Coterra share; the combined company - to be named Devon Energy and headquartered in Houston while keeping a presence in Oklahoma City - would have about $58 billion of pro forma enterprise value and target $1 billion in annual pre-tax synergies.
2 Feb 2026merger communication● Neutral
Devon re-filed the same newly announced Coterra Energy merger agreement as a required Rule 425 merger-communication filing.
28 Aug 2024debt financing● Neutral
Devon closed its $2.25 billion senior notes offering (2034 and 2054 maturities) announced a week earlier.
21 Aug 2024material agreement● Neutral
Devon agreed to raise $2.25 billion selling new senior notes - $1.25 billion due 2034 and $1.0 billion due 2054 - likely to help fund the pending Grayson Mill acquisition.
12 Aug 2024debt financing● Neutral
Devon lined up a new $2.0 billion delayed-draw term loan to help fund its previously disclosed acquisition of Grayson Mill Energy's Williston Basin assets, with the loan drawing only if the acquisition closes.
8 July 2024capital raising announcement● NeutralMajor
On July 8, 2024, Devon agreed to buy Grayson Mill's Williston Basin business for $3.25 billion in cash plus 37,210,292 new Devon shares, both subject to adjustment. Closing is expected in the third quarter of 2024, pending antitrust (HSR) clearance, with $250 million to be placed in escrow; the sellers get resale registration rights for the shares. This is the acquisition later funded in part by the August 2024 term loan and notes.
28 Mar 2023debt financing● Neutral
Devon replaced its revolving credit facility with a new $3.0 billion amended and restated credit agreement led by Bank of America.
10 Nov 2021debt financing● Neutral
Devon registered exchange offers letting holders of the legacy WPX bonds it inherited in the January 2021 merger swap them for SEC-registered Devon notes on identical terms, finishing the job of moving WPX's debt onto Devon's own credit.
9 June 2021debt financing● Neutral
Devon exchanged 97.45% of WPX Energy's roughly $2.0 billion of outstanding bonds for newly issued Devon notes, folding WPX's legacy debt onto Devon's own balance sheet as part of merger integration.
17 Feb 2021asset acquisition disposition● Neutral
Devon filed WPX's audited historical financials and pro forma combined financial statements required to complete the merger paperwork, along with expected merger-related exit and restructuring costs.
10 Feb 2021listing compliance notice▼ BadMajor
DEVON ENERGY CORP/DE terminated the registration of a class of securities, ending its reporting obligation for them.
22 Jan 2021business combination● Neutral
Devon registered for resale about 79 million shares held by Felix Investments Holdings, a major WPX shareholder who received Devon stock in the merger and was granted contractual resale registration rights.
19 Jan 2021business combination▲ GoodMajor
Devon completed its all-stock merger of equals with WPX Energy on January 7, 2021, and registered a small batch of shares issuable to former WPX employees under stock options that Devon assumed in the deal.
7 Jan 2021asset acquisition disposition● NeutralMajor
The all-stock merger with WPX Energy closed on January 7, 2021, with each WPX share converting into 0.5165 Devon shares. EnCap received a board nominee right (D. Martin Phillips was named) plus resale registration rights; Dave Hager became Executive Chair and WPX's Rick Muncrief became President and CEO, with Clay Gaspar as COO and Jeff Ritenour staying CFO. This completes the merger announced in September 2020.
31 Dec 2020merger communication▲ Good
Devon shareholders overwhelmingly approved issuing shares for the WPX merger at a December 30, 2020 special meeting, clearing the last major hurdle before closing.
22 Dec 2020business combination▼ Bad
Devon separately re-filed the same disclosure about the twelve shareholder lawsuits challenging the WPX merger proxy statement as a standard 8-K.
22 Dec 2020merger communication▼ Bad
Devon disclosed that twelve shareholder lawsuits had been filed challenging the adequacy of disclosures in the WPX merger proxy statement - a common type of merger litigation that typically does not block deals from closing.
