OKLAHOMA CITY, April 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2026 results on Tuesday, May 5, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2026 results will be available on the company's website at www.devonenergy.com.

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Coterra Energy Inc. (NYSE: CTRA) to Devon Energy Corporation (NYSE: DVN). Under the terms of the proposed transaction, shareholders of Coterra will receive 0.70 share of Devon common stock for each share of Coterra that they own. KSF is seeking to determine whether this consideration and the process.

Oil has surged 70% in just 26 trading days since the war in Iran began, marking a faster pace than the

DVN trades above key 50 and 200-day SMAs as its multi-basin, low-cost strategy and higher oil prices draw investor focus.

Q1 2026 was an exceptional quarter for energy stocks thanks to war in the Middle East, but Q2 2026 is not guaranteed to step in its footsteps. Energy prices can go higher and push the sector higher, but they do not have to if the U.S. can neutralize Iran's ability to project force. While energy stocks are benefiting from the fighting in the short term, it may actually come back to hurt them in the long run.

Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Devon Energy stands to benefit from elevated oil prices driven by escalating Middle East conflict and U.S.-Iran tensions. DVN's all-stock merger with Coterra Energy creates a diversified, larger-scale producer targeting $1.0B in annualized cost savings by FY 2027. DVN trades at a forward P/E of 12.2X, below the industry average, offering valuation upside amid robust production growth and merger synergies.

The U.S. produces more energy than it consumes. Yet the price of oil has soared about 70% since Feb. 28 when the U.S. and Israel attacked Iran, according to LiteFinance.

Diamondback Energy and Devon Energy are U.S.-focused energy producers. Chevron is a globally diversified integrated energy giant.

Econ Financial Services Corp bought a new stake in Devon Energy Corporation (NYSE: DVN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,302 shares of the energy company's stock, valued at approximately $707,000. Other hedge funds have also bought and sold