---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-032720"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:33:36.471052+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Devon Energy to acquire Coterra Energy in all-stock merger with 0.70 exchange ratio

## Summary
- All-stock merger: 0.70 DVN shares per Coterra share; Devon holders get ~54% of combined co.
- Post-closing: Coterra CEO becomes Chairman; Devon CEO remains CEO; Coterra CFO becomes CFO.
- Board: 11 directors (6 from Devon, 5 from Coterra); name remains Devon, ticker DVN.
- Termination fee of $865M; closing targeted by Aug 2026, extendable for antitrust.
- Requires approvals from both companies' stockholders, HSR, and SEC registration.

## SEC filing metadata
- accession: 0001193125-26-032720
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526032720/0001193125-26-032720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526032720/d75203d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-032720
- JSON: https://secwatch.observer/filing/0001193125-26-032720.json
- Plain text: https://secwatch.observer/filing/0001193125-26-032720.txt

## Source-grounded claims
- claim_id: 670aeca87b10a0945f993f137bc8b03c8c6572ab
  claim: DEVON ENERGY CORP/DE entered into Agreement and Plan of Merger with Coterra Energy, Inc. (effective 2026-02-01).
  evidence_excerpt: On February 1, 2026, Devon Energy Corporation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526032720/0001193125-26-032720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.