secwatch / observer

DEVON ENERGY CORP/DE — fact timeline

Source-grounded facts extracted from DEVON ENERGY CORP/DE's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DVN DEVON ENERGY CORP/DE JSON
Governance Changes

DEVON ENERGY CORP/DE: Increased authorized shares of common stock from 1,000,000,000 to 2,000,000,000 (effective 2026-05-07).

“On May 7, 2026, the Company filed an amendment to the Company’s restated certificate of incorporation (the “ Authorized Share Charter Amendment ”), effective as of such date, increasing the number of authorized shares of Company Common Stock from 1,000,000,000 to 2,000,000,000.”
M&A Transactions

DEVON ENERGY CORP/DE completed an acquisition involving Coterra Energy Inc. (closed 2026-05-07).

“On May 7, 2026, following approval by the stockholders of both Devon and Coterra at special meetings held on May 4, 2026, the Merger and the other transactions contemplated by the Merger Agreement were consummated.”

Marcus A. Watts was appointed as director at DEVON ENERGY CORP/DE.

“Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"”

Jeffrey E. Shellebarger was appointed as director at DEVON ENERGY CORP/DE.

“Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"”

Jacinto J. Hernandez was appointed as director at DEVON ENERGY CORP/DE.

“Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"”

Amanda M. Brock was appointed as director at DEVON ENERGY CORP/DE.

“Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"”

Thomas E. Jorden was appointed as director at DEVON ENERGY CORP/DE.

“Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"”

John Sherrer changed role as Vice President, Accounting and Controller at DEVON ENERGY CORP/DE.

“John Sherrer will continue with the Company as Vice President, Accounting and Controller.”

Gregory F. Conaway was appointed as Vice President and Chief Accounting Officer at DEVON ENERGY CORP/DE.

“the appointment of Gregory F. Conaway as Vice President and Chief Accounting Officer of the Company to succeed John Sherrer as principal accounting officer of the Company.”

Jeffrey L. Ritenour changed role as Executive Vice President and Chief Corporate Development Officer at DEVON ENERGY CORP/DE.

“Jeffrey L. Ritenour will continue with the Company as Executive Vice President and Chief Corporate Development Officer”

Shannon E. Young III was appointed as Executive Vice President and Chief Financial Officer at DEVON ENERGY CORP/DE.

“the appointment of Shannon E. Young III as Executive Vice President and Chief Financial Officer of the Company to succeed Jeffrey L. Ritenour as principal financial officer of the Company”

Robert A. Mosbacher, Jr. resigned as director at DEVON ENERGY CORP/DE.

“Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.”

Michael N. Mears resigned as director at DEVON ENERGY CORP/DE.

“Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.”

Gennifer F. Kelly resigned as director at DEVON ENERGY CORP/DE.

“Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.”

Barbara M. Baumann resigned as director at DEVON ENERGY CORP/DE.

“Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.”

John E. Bethancourt resigned as director at DEVON ENERGY CORP/DE.

“Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.”

Brent Smolik was appointed as Lead Independent Director of the Devon Board at DEVON ENERGY CORP/DE.

“Effective upon the consummation of the Merger, Mr. Jorden was appointed as non-executive Chair of the Devon Board and Mr. Smolik was appointed as the Lead Independent Director of the Devon Board.”

Thomas E. Jorden was appointed as non-executive Chair of the Devon Board at DEVON ENERGY CORP/DE.

“Effective upon the consummation of the Merger, Mr. Jorden was appointed as non-executive Chair of the Devon Board”
Shareholder Votes

DEVON ENERGY CORP/DE shareholders approved Proposal Two - The Authorized Share Charter Amendment Proposal (amendment to increase authorized common stock from 1,000,000,000 to 2,000,000,000) at the 2026-05-04 meeting.

“Proposal Two - The Authorized Share Charter Amendment Proposal. The Authorized Share Charter Amendment Proposal was approved. Voting results were as follows: For Against Abstain Broker Non-Votes 468,262,401 5,833,875 1,250,423 0”
Shareholder Votes

DEVON ENERGY CORP/DE shareholders approved Proposal One - The Stock Issuance Proposal (approve issuance of shares to Coterra stockholders pursuant to the Merger Agreement) at the 2026-05-04 meeting.

“Proposal One - The Stock Issuance Proposal. The Stock Issuance Proposal was approved. Voting results were as follows: For Against Abstain Broker Non-Votes 470,046,943 4,149,656 1,150,100 0”
Earnings Releases

DEVON ENERGY CORP/DE reported first quarter of 2026 results: net income $120 million, EPS $0.19 per diluted share.

“Devon reported net earnings of $120 million, or $0.19 per diluted share, in the first quarter of 2026.”
Material Agreements

DEVON ENERGY CORP/DE amended First Amendment to Amended and Restated Credit Agreement with the lenders and the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent (effective 2026-03-24).

“On March 24, 2026, Devon Energy Corporation, a Delaware corporation (the “ Company ”), entered into a First Amendment to Amended and Restated Credit Agreement (the “ Amendment ”), by and among the Company, as borrower, the lenders and the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent, which amends that certain Amended and Restated Credit Agreement, dated as of March 24, 2023”
Material Agreements

DEVON ENERGY CORP/DE entered into Agreement and Plan of Merger with Coterra Energy, Inc. (effective 2026-02-01).

“Merger Agreement On February 1, 2026, Devon Energy Corporation, a Delaware corporation (the “ Company ” or “ Devon ”), Cubs Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Company (“ Merger Sub ”), and Coterra Energy, Inc., a Delaware corporation (“ Coterra ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).”

John Krenicki Jr. departed as Director at DEVON ENERGY CORP/DE.

“On March 4, 2025, John Krenicki Jr. informed the Board of Directors (the “Board”) of Devon Energy Corporation (“Devon”) of his decision to retire from the Board at the end of his current term and not stand for re-election as a director at Devon’s 2025 annual meeting of stockholders (the “Annual Meeting”).”

Thomas J. Hellman was appointed as Senior Vice President, E&P Operations at DEVON ENERGY CORP/DE.

“and (ii) Thomas J. Hellman as Senior Vice President, E&P Operations, effective as of January 20, 2025”

John D. Raines was appointed as Senior Vice President, E&P Asset Management at DEVON ENERGY CORP/DE.

“On January 10, 2025, the Board of Directors (the “Board”) of Devon Energy Corporation (the “Company” or “Devon”) appointed (i) John D. Raines as Senior Vice President, E&P Asset Management, effective as of February 8, 2025”
Earnings Releases

DEVON ENERGY CORP/DE reported the fourth-quarter and full-year 2023 results: net income net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023. Guidance reaffirmed.

“Devon reported net earnings of $1.2 billion, or $1.81 per diluted share, in the fourth quarter of 2023.”

John Sherrer was appointed as Vice President, Accounting and Controller at DEVON ENERGY CORP/DE.

“the Board of Directors of the Company appointed John Sherrer to succeed Mr. Humphers as the Vice President, Accounting and Controller of the Company and designated Mr. Sherrer as the principal accounting officer”

Jeremy Humphers departed as Senior Vice President and Chief Accounting Officer at DEVON ENERGY CORP/DE.

“Jeremy Humphers notified Devon Energy Corporation (the “Company”) that he will retire as Senior Vice President and Chief Accounting Officer of the Company effective March 8, 2024.”
Earnings Releases

DEVON ENERGY CORP/DE reported third quarter of 2023 results: net income $910 million, EPS $1.42 per diluted share. Guidance raised.

“Devon reported net earnings of $910 million, or $1.42 per diluted share, in the third quarter of 2023.”
Earnings Releases

DEVON ENERGY CORP/DE reported second-quarter 2023 results: net income $690 million, EPS $1.07 per diluted share.

“Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 2023.”
Governance Changes

DEVON ENERGY CORP/DE: Amended certificate of incorporation to limit personal liability of certain officers for monetary damages for breach of fiduciary duty of care (effective 2023-06-07).

“The Certificate Amendment limits the personal liability of certain of the Company’s officers to Devon or its stockholders for monetary damages for breach of their fiduciary duty of care (but not the fiduciary duty of loyalty), subject to the limitations set forth in the Delaware General Corporation Law (the “DGCL”).”
Governance Changes

DEVON ENERGY CORP/DE: Amended bylaws to designate the Court of Chancery in Delaware and federal district courts as exclusive forums for certain claims (effective 2023-06-07).

“The Bylaw Amendment designates the Court of Chancery in the state of Delaware and the federal district courts of the United States of America as the exclusive forums for certain claims brought against the Company.”
Earnings Releases

DEVON ENERGY CORP/DE reported the first quarter of 2023 results: net income net earnings of $995 million, or $1.53 per diluted share, EPS $1.53 per diluted share.

“Devon reported net earnings of $995 million, or $1.53 per diluted share, in the first quarter of 2023.”
Debt Financings

DEVON ENERGY CORP/DE incurred revolving credit of $3.0 billion with Bank of America, N.A. maturing March 24, 2028.

“On March 24, 2023, Devon Energy Corporation (the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) among the Company, as the borrower, each lender from time to time party thereto (collectively, the “Lenders”), each letter of credit issuer from time to time party thereto and Bank of America, N.A., as administrative agent and swing line lender, providing for a $3.0 billion revolving credit facility.”
Material Agreements

DEVON ENERGY CORP/DE amended Credit Agreement with Bank of America, N.A. valued at $3.0 billion (effective 2023-03-24).

“On March 24, 2023, Devon Energy Corporation (the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) among the Company, as the borrower, each lender from time to time party thereto (collectively, the “Lenders”), each letter of credit issuer from time to time party thereto and Bank of America, N.A., as administrative agent and swing line lender, providing for a $3.0 billion revolving credit facility.”
Earnings Releases

DEVON ENERGY CORP/DE reported financial results for the full-year 2022.

“For the full-year 2022, operating cash flow totaled $8.5 billion, a 74 percent increase versus 2021.”
Earnings Releases

DEVON ENERGY CORP/DE reported the fourth quarter of 2022 results: net income net earnings of $1.2 billion, EPS $1.83 per diluted share.

“Devon reported net earnings of $1.2 billion, or $1.83 per diluted share, in the fourth quarter of 2022.”

Gennifer F. Kelly was elected as Director at DEVON ENERGY CORP/DE.

“On and effective as of January 3, 2023, the Board of Directors (the “Board”) of Devon Energy Corporation (the “Company”) elected Michael N. Mears and Gennifer F. Kelly to the Board.”

Michael N. Mears was elected as Director at DEVON ENERGY CORP/DE.

“On and effective as of January 3, 2023, the Board of Directors (the “Board”) of Devon Energy Corporation (the “Company”) elected Michael N. Mears and Gennifer F. Kelly to the Board.”
Earnings Releases

DEVON ENERGY CORP/DE updated its the third-quarter 2022 guidance (reaffirmed).

“On November 1, 2022, Devon Energy Corporation (the “Company”) announced its financial and operational results for the quarterly period ended September 30, 2022.”

Barbara M. Baumann was appointed as Board Chair at DEVON ENERGY CORP/DE.

“The Board has also announced its intention to appoint Barbara M. Baumann as its Board Chair effective upon Mr. Hager’s retirement from the Board.”

David A. Hager retired as Executive Chair of the Board at DEVON ENERGY CORP/DE.

“David A. Hager notified the Company that he has decided to retire from the Board of Directors of the Company (the “Board”), including his position as Executive Chair of the Board, effective as of January 7, 2023.”

Tana K. Cashion was appointed as Executive Vice President Human Resources and Administration at DEVON ENERGY CORP/DE.

“In February 2022, Devon Energy Corporation (the “Company”) appointed Tana K. Cashion as Executive Vice President Human Resources and Administration of the Company.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.