Mergers & Acquisitions · May 5, 2026

Devon Energy stockholders approve merger with Coterra and double authorized common stock to 2 billion shares

DVNDevon Energy Corp

Devon Energy stockholders approved two critical proposals at a special meeting on May 4, 2026, to facilitate its merger with Coterra Energy Inc. The approved measures include the issuance of common stock to Coterra shareholders and an amendment to increase the company's authorized common stock from 1 billion to 2 billion shares. The company expects the transaction to close on or about May 7, 2026.