Recent events
Recent events tied to this brand in public sources.
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2026
Toms Capital urges Devon Energy to explore strategic alternatives, including a sale
Activist hedge fund Toms Capital Management, which says it is now one of Devon Energy's top five shareholders, sent a letter to Devon Energy earlier in September 2026 urging the Houston-based oil and gas company to review strategic alternatives, including a sale of itself. Toms, joined in its activist campaign by litigator Alex Spiro, claims in its view that Devon's portfolio brings an undue level of complexity and contributes to a valuation discount to peers of at least one multiple point.
2021
Devon completes merger with WPX Energy
Devon Energy completed its all-stock merger with WPX Energy; the combined company operates under the Devon name.
2020
Devon Energy and WPX Energy announce merger plan
Devon Energy and WPX Energy announced a plan to merge in an all-stock deal that would create a company with an enterprise value of about $12 billion, based on the Friday stock values cited in the report.
2020
Devon Energy reduces its 2020 capital budget
Devon Energy reduced its 2020 capital spending budget by $500 million to approximately $1.3 billion, a decline of nearly 30 percent from its prior 2020 capital plan.
2019
Devon Energy agrees to sell Barnett Shale assets
Devon Energy announced that it had entered into a definitive agreement to sell its Barnett Shale assets to Banpu Kalnin Ventures for $770 million. The transaction was expected to close in the second quarter of 2020.