BP Eyes Bigger U.S. Shale Footprint After Devon Deal Talks
BP entered Devon’s data room to review Eagle Ford shale assets, but sources said the company later walked away after studying the deal.
9 Articles
9 Articles
BP Walked Away From a Potential $4.5 Billion Bet on Devon Energy's Eagle Ford Shale. Here's What It Means for BP and DVN Stock.
Key PointsBP has reportedly walked away from a deal to buy Devon Energy's Eagle Ford Shale assets, after expressing initial interest.Devon Energy is being pressured by activist investor TOMS Capital to divest assets or sell itself.BP has been reducing debt and making divestitures of its own in recent months. Ultimately, BP may have decided that U.S. shale assets could be overpriced due to the war in Iran.10 stocks we like better than Devon Energ…
EXCLUSIVE: BP explored deal for Devon’s Eagle Ford asset, sources say
BP Eyes Devon Energy Eagle Ford Assets
BP Eyes Devon Energy Eagle Ford Assets
Devon's particular asset could be worth about $4.5 billion, according to analysts.
BP (LSE:BP.) Weighs South Texas Shale Deal That Could Reshape Capital Allocation
BP (LSE:BP.) is reportedly weighing an acquisition of Devon Energy's shale assets in South Texas. The potential purchase would add US shale production exposure within BP's existing upstream portfolio. Any deal decision could influence how BP allocates capital between oil projects and its low carbon investments. The reported talks around Devon Energy's South Texas shale assets deserve to be weighed alongside the rest of our BP findings. We have a…
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