Mergers & Acquisitions · May 7, 2026

Devon Energy completes merger with Coterra Energy; each Coterra share converts into 0.70 Devon shares

DVNDevon Energy Corp

Devon Energy Corporation has completed its merger with Coterra Energy Inc., with each share of Coterra common stock converting into 0.70 shares of Devon common stock. Following the consummation of the merger, the company also amended its certificate of incorporation to increase its authorized common stock from 1,000,000,000 to 2,000,000,000 shares.