---
title: "Devon Energy unveils $8B buyback after Coterra merger"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285681429.md"
description: "Devon Energy has announced an $8 billion share buyback program following its merger with Coterra Energy. The company also increased its quarterly dividend by 33% to $0.32 per share, reflecting confidence in cash flow and shareholder returns. The merger is expected to yield over $1 billion in annual pre-tax synergies by 2027. Devon's President and CEO, Clay Gaspar, emphasized the company's strong financial position and commitment to capital returns. The stock price rose approximately 1.4% in pre-market trading."
datetime: "2026-05-08T07:32:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285681429.md)
  - [en](https://longbridge.com/en/news/285681429.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285681429.md)
---

# Devon Energy unveils $8B buyback after Coterra merger


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