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BPX Energy
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Why BP is looking at Devon Energy’s Eagle Ford assets while trying to cut debt
BP p.l.c. is reportedly evaluating Devon Energy Corporation’s South Texas shale operations, potentially putting a multi-billion-dollar acquisition alongside an aggressive debt-reduction and divestment programme. The strategic logic is unusually clear because the assets could move BPX Energy close to its 2030 production target, but valuation and financing discipline may determine whether that logic translates into a transaction.