Market Chatter: BP Said to Mull Purchase of Devon Energy's US Shale Assets

11:45 PM EDT, 09/24/2026 (MT Newswires) -- BP (BP.L) is considering the acquisition of Devon Energy's shale asset base in South Texas, in the US, Reuters reported Thursday, citing people familiar with the matter. Six unnamed sources said the London-listed oil and gas company has been involved in data rooms for various shale assets, with three people saying it entered the data room for Devon's Eagle Ford asset, which was taken to market late in August. Meanwhile, three of the people noted that BP is primarily targeting oil-producing assets valued between $2 billion and $5 billion. Three sources said entry to a data room does not guarantee an offer from BP for the asset. BP declined to comment, while Devon did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)