What was Devon Energy's financial performance in the fourth quarter?

Devon Energy saw a decline in its fourth-quarter net income and revenue compared to the previous year.

When is the merger between Devon Energy and Coterra Energy expected to close?

The merger between Devon Energy and Coterra Energy is expected to close in the second quarter of 2026.

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Devon Energy Profits Slip Amid Mega-Merger Talks

Q: Did Devon Energy meet its production guidance?

Yes, Devon Energy's oil production for the quarter exceeded its guidance, reaching 390,000 barrels a day.

18 Feb

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Summary

Devon Energy reported a decline in fourth-quarter profit and revenue.
Oil production exceeded guidance, driven by strong well performance.
The company expects its merger with Coterra Energy to close in Q2 2026.

Devon Energy Profits Slip Amid Mega-Merger Talks

Devon Energy reported a decline in its fourth-quarter financial performance, with net income and revenue falling compared to the previous year. This comes as the company is in the process of a substantial $21.5 billion all-stock merger with Coterra Energy.

Despite the overall profit decrease, Devon Energy's oil production for the quarter exceeded its guidance, reaching 390,000 barrels a day. This strong performance was bolstered by better-than-expected well results, particularly within the Delaware Basin.