BP Weighs Acquisition of Devon Energy's South Texas Assets to Boost US Shale Footprint

Key Facts

1BP is weighing a potential acquisition of Devon Energy's operations in South Texas to grow its US shale asset base.

BP is weighing a potential acquisition of Devon Energy's operations in South Texas to grow its US shale asset base. Reuters reported that the move aligns with the company's renewed ambitions for mergers and acquisitions in the United States to strengthen its energy portfolio.

DVN closed at $48.04 on September 23, 2026, with the stock reaching a day high of $48.8 and a low of $47. The exploration of this purchase highlights BP's strategic focus on expanding its footprint within the American shale sector.