Activist shareholders renew calls for Devon Energy to sell itself

Seeking Alpha · Carl Surran · 2026-11-06 15:58 UTC

Devon Energy reported better than expected Q3 adjusted earnings, and activist investors Toms Capital and Kimmeridge Energy Management renewed calls for the company to sell itself.

Devon Energy (DVN) edged higher in Friday's trading after reporting better than expected Q3 adjusted earnings, and two activist investors renewed calls for the company to sell itself.

Q3 net profit rose to $1.01B, or $0.88/share, from $687M, or $1.09/share, revenue jumped 58% Y/Y to $6.86B, and production nearly doubled to

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