CTRA Stock Movement Summary Coterra Energy (CTRA) announced an all-stock merger with Devon Energy on February 2, 2026. The combined company will be named Devon Energy and is valued at approximately $58 billion, making it a leading large-cap shale operator with significant Delaware Basin presence. Under the merger terms, Coterra shareholders will receive Devon stock in an all-stock transaction, with Devon acquiring Coterra for $21.5 billion. The combined entity anticipates $1 billion in annual pre-tax synergies and plans to implement a quarterly dividend and share repurchase authorization. The merger represents the largest U.S. shale industry oil and gas deal in nearly two years. The transaction was announced amid global oil glut pressures affecting U.S. crude prices. An 8-K filing was submitted on February 2, 2026, documenting the material definitive agreement and related officer compensation arrangements.
Read full analysisCTRA Stock Movement Summary Coterra Energy (CTRA) announced an all-stock merger with Devon Energy on February 2, 2026. The combined company will be named Devon Energy and is valued at approximately $58 billion, making it a leading large-cap shale operator with significant Delaware Basin presence. Under the merger terms, Coterra shareholders will receive Devon stock in an all-stock transaction, with Devon acquiring Coterra for $21.5 billion. The combined entity anticipates $1 billion in annual pre-tax synergies and plans to implement a quarterly dividend and share repurchase authorization. The merger represents the largest U.S. shale industry oil and gas deal in nearly two years. The transaction was announced amid global oil glut pressures affecting U.S. crude prices. An 8-K filing was submitted on February 2, 2026, documenting the material definitive agreement and related officer compensation arrangements.
Coterra Energy Inc. (CTRA) is a publicly traded company in the Energy sector.