Who is WPX merging with?
The company’s combined new board of directors consists of 12 members: David A. Hager, executive chairman of the board….Devon Energy and WPX Energy Complete Merger of Equals Transaction.
| Investor Contacts | Media Contacts |
|---|---|
| Scott Coody, 405-552-4735 | Lisa Adams, 405-228-1732 |
How much did Devon buy WPX for?
7, 2021 Updated: Jan. 7, 2021 9:33 a.m. Devon Energy has completed its acquisition of rival WPX Energy, creating one of the nation’s largest shale players with a dominant position in West Texas. S&P Global Platts valued the transaction at $5.8 billion.
Who did WPX buy?
Devon Energy
(Reuters) – U.S. oil and gas producer Devon Energy Corp said on Monday it will buy shale-oil rival WPX Energy Inc for $2.56 billion as it looks to boost its presence in the top U.S. oilfield.
What does WPX Energy do?
WPX Energy Inc. is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80% oil/liquids and 20% natural gas. The company also has an infrastructure portfolio in the Permian Basin.
What happens to WPX stock?
In accordance with the merger agreement, WPX shareholders received a fixed exchange of 0.5165 shares of Devon common stock for each share of WPX common stock owned. WPX common stock will no longer be listed for trading on the NYSE.
What is WPX stock?
Key Turning Points
| 52-Week High | 14.09 |
|---|---|
| Last Price | 9.43 |
| Fibonacci 50% | 8.02 |
| Fibonacci 38.2% | 6.58 |
| 52-Week Low | 1.94 |
Is WPX Energy a good stock to buy?
In aggregate, WPX Energy currently has a Value Style Score of A, putting it into the top 20% of all stocks we cover from this look. This makes WPX a solid choice for value investors and some of its other metrics make it clear too.
Did Chevron buy Devon?
After last year saw some huge deals in the U.S. shale space, with ConocoPhillips merging with Concho Resources and Chevron buying Devon Energy, among others, it looks that this year will see a continuation of the M&A trend. Indeed, it is likely that consolidation is the only way forward for the industry.
How many employees does WPX Energy have?
600
Company Info
| CEO | Richard E. Muncrief |
|---|---|
| HQ Location | Tulsa, Okla. |
| Website | http://www.wpxenergy.com |
| Years on Fortune 500 List | – |
| Employees | 600 |
What stock is WPX?
WPX Related stocks
| Symbol | 3M %Chg |
|---|---|
| WPX | +88.98% |
| Wpx Energy Inc | |
| EOG | -22.08% |
| Eog Resources |
What happens to my WPX stock?
Who bought out Devon Energy?
OKLAHOMA CITY –(BUSINESS WIRE)– Devon Energy Corporation (NYSE:DVN) today announced that it has entered into a definitive agreement to sell all of its non-core U.S. oil and gas properties to Linn Energy (Nasdaq: LINE, LNCO) for $2.3 billion , or approximately $1.8 billion after tax.
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