Weekly Recap: $1B synergies, $8B buyback and TOMS Capital urges sale
Devon Energy Corporation (NYSE:DVN) — fresh off its Coterra merger and $8 billion buyback — is pursuing $1 billion of annual pre-tax synergies by 2027 while activist TOMS Capital pushes for strategic alternatives, as BP eyes its Eagle Ford assets and analysts say a sale or asset moves could unlock…