Will Mega-Merger Create New U.S. Oil Giant? Devon and Coterra to Rival Exxon: How Will It Affect Crude Markets?
TradingKey - On Thursday, Nov. 14 (ET), reports emerged that oil and gas company Coterra Energy is exploring a potential merger with Devon Energy. If an agreement is reached, the transaction would rank among the largest oil and gas deals in recent years, creating a combined entity better positioned to compete with industry giants such as ExxonMobil.