This $58 Billion Merger is Creating a New U.S. Oil and Gas Giant

Consolidation continues in the U.S. energy sector. Oil and gas companies Devon Energy (NYSE: DVN) and Coterra Energy (NYSE: CTRA) recently announced that they're combining in an all-stock deal. The $58 billion transaction will create the second-largest independent exploration and production (E&P) company in the U.S. by production volumes behind ConocoPhillips (NYSE: COP). Here's a closer look at the deal and what it means for oil stock investors.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool