Devon Energy (DVN) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with welcome remarks and introduction of key executives, including the Chair and CEO, and outlined the virtual format and recording procedures.

• Inspector of Election introduced, and formalities regarding Delaware law and company bylaws were reviewed.

• Agenda included two main proposals related to the merger with Coterra Energy.

Shareholder proposals

• First proposal: approval of issuance of shares to Coterra Energy stockholders as part of the merger.

• Second proposal: amendment to increase authorized shares from 1 billion to 2 billion in connection with the merger.

Q&A with stakeholders

• Questions addressed included anticipated closing date of the merger and potential hurdles to closing.

• Management expressed confidence in closing within three days, with no outstanding issues foreseen.