Devon Energy and WPX Energy are in talks to combine, people familiar with the matter said, a move that could help them weather an industry slump
Devon Energy Corp. and WPX Energy Inc. are in talks to combine, according to people familiar with the matter, in a move that could help the energy companies weather a prolonged industry slump.
The companies are discussing an all-stock deal that would create an entity with a combined current market value of about $6 billion. The deal could be completed as soon as this week, assuming the talks don’t fall apart, the people said. Devon has a market value of roughly $3.4 billion, while WPX’s is about $2.5 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX CrisisA shareholder lawsuit that cites internal company documents alleges that the plane maker failed to properly oversee management’s responses to two fatal crashes and safety problems in the aircraft involved.
Read more »
WSJ News Exclusive | Palantir Expected to Be Valued at Nearly $22 Billion in Trading DebutPalantir Technologies is expected to fetch a lofty valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors’ voracious appetite for new shares.
Read more »
Fox News host Tucker Carlson says 'partisan judges' want to destroy 'fraud-free' election nightThe host of Tucker Carlson Tonight said there was 'nothing' judges would like more than to delay the outcome of the presidential race.
Read more »
Important News: Sephora Is Now on InstacartOrdering your favorite beauty products just got that much easier.
Read more »