BP Walked Away From a Potential $4.5 Billion Bet on Devon Energy's Eagle Ford Shale. Here's What It Means for BP and DVN Stock.

Key Points BP has reportedly walked away from a deal to buy Devon Energy's Eagle Ford Shale assets, after expressing initial interest. Devon Energy is being pressured by activist investor TOMS Capital to divest assets or sell itself. BP has been reducing debt and making divestitures of its own in recent months. Ultimately, BP may have decided that U.S. shale assets could be overpriced due to the war in Iran. 10 stocks we like better than Devon Energy › Energy investors were abuzz with this week's news that activist investors in Devon Energy (NYSE: DVN) might push the company to sell off some of its assets, or even the entire company. That buzz got even louder when BP (NYSE: BP) was rumored to be a potential buyer for one of Devon's shale assets.