Devon Energy has agreed to sell its Eagle Ford assets in Texas to Crescent Energy for $4.2 billion in cash. The sale covers about 90,000 net acres and represents 4% of Devon's production. This move is part of Devon's strategy to focus on higher-return assets, improve capital efficiency, and strengthen its balance sheet. Proceeds will be used to accelerate share buybacks and reduce debt, with the transaction expected to close by the end of 2026 pending regulatory approvals.
Devon Energy's shares are trading at USD 48.82 on Pluang, showing a 1.96% gain as of Oct 08, 2026 18:03 WIB. The stock's market cap stands at $52.67 billion, with a dividend yield of 2.67%. This positive trading activity coincides with Devon's strategic move to sell its Eagle Ford assets, aiming to enhance capital efficiency and strengthen its balance sheet.
Devon Energy Corporation announced it will report its third-quarter 2026 financial results on November 5, after U.S. market close. The company will host a conference call on November 6 at 10 a.m. CDT to discuss the results, with webcast and replay av...
An analyst from BMO Capital set a $67 price target for Devon Energy, suggesting a 40% upside from its current share price of around $48. The oil and gas producer has consistently beaten earnings estimates recently, showing strong financial health. Ho...
