Coterra considers combining with Devon Energy in possible oil megadeal

Coterra and Devon are reported to be in talks about a possible combination, and representatives for both companies did not immediately respond to queries.

Coterra and Devon Energy are reported to be in talks about a possible combination. Representatives for both companies did not immediately respond to queries. The discussions come amid renewed consolidation interest in the oil and gas sector after a relatively slow 2025. Oil prices were reported to have been hovering around $60 per barrel while major firms digest recent large takeovers. Known details: - Reports say Coterra and Devon are in talks about a potential combination. - Representatives for both companies did not immediately respond to queries. - Oil was reported to be trading near $60 per barrel during 2025. - The sector experienced slower consolidation in 2025, and larger firms have shown renewed interest in deals as they process earlier jumbo takeovers. - Coterra and Devon each hold substantial positions across several U.S. shale basins, unlike firms that focus on a single major play. Summary: The reported talks underscore renewed consolidation interest among large oil and gas firms and highlight the strategic positions of both companies across U.S. shale basins. Undetermined at this time.