Devon Energy launches $8 billion share buyback program after Coterra merger completion

Devon Energy Corporation
Coterra Energy

Devon Energy Corporation

DVN

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Coterra Energy

CTRA

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  • Devon launched a new USD 8 billion share repurchase authorization following completion of its all-stock merger with Coterra.
  • Authorization runs through June 30, 2029, representing almost 15% of current market capitalization.
  • Buybacks may be executed in open-market transactions or privately negotiated deals, with pace tied to market conditions, commodity prices, cash flow, debt priorities, and other factors.


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