Chamber Statement Regarding Devon Energy’s Merger Announcement

Devon Energy has been a cornerstone of Oklahoma City’s growth and success for decades, and the company’s leadership, employees, and civic engagement have helped shape our community in meaningful ways. We appreciate the role Devon has played in elevating Oklahoma City’s profile as a global energy and business center.

As Devon enters a new chapter through its announced merger with Coterra Energy and the decision to locate the combined company’s headquarters in Houston, we recognize the complexity involved when two large, publicly traded companies come together and make long-term strategic decisions. We appreciate Devon's commitment to maintaining a significant presence in Oklahoma City.

A strong Devon Energy has always mattered to Oklahoma City, and we believe the company’s continued strength and success are important to the broader regional economy. The Chamber remains focused on supporting a competitive business environment, attracting investment, and ensuring Oklahoma City continues to grow as a place where companies and talent choose to build their future.

We value the partnership we have shared with Devon Energy and its employees, and we look forward to continued engagement as the company moves ahead in this next phase.