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Activist Firm Pressures Devon Energy

Updated 2026-09-23 13:55 UTC 1 source Neutral

Activist investment firm Toms Capital has urged oil and gas company Devon Energy to explore alternatives, including a potential sale. The letter highlights Toms' growing influence as one of Devon's top five shareholders.

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CNBC

Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale

Toms, which manages just over $4 billion in assets, says in the letter it is now one of Devon's top five shareholders.

2026-09-23 13:47 UTC