Veeva Systems to Enter S&P 500 Following Devon Energy Acquisition of Coterra

Apr 30, 2026 22:23 UTC

VEEV, CTRA, DVN

Short term

Veeva Systems will join the S&P 500 index on May 7, replacing Coterra Energy. The change follows the pending acquisition of Coterra by Devon Energy.

Veeva Systems (VEEV) added to S&P 500
Coterra Energy (CTRA) removed from index
Devon Energy (DVN) acquiring Coterra
Effective date set for May 7
Passive fund inflows expected for VEEV

S&P Dow Jones Indices has announced that Veeva Systems Inc. (VEEV) will be added to the S&P 500 index. The transition is scheduled to take effect prior to the opening of trading on Thursday, May 7. The addition of Veeva Systems comes as a direct result of Coterra Energy Inc. (CTRA) being removed from the benchmark index. Coterra's exit is necessitated by its acquisition by fellow S&P 500 constituent Devon Energy Corp. (DVN). The acquisition of Coterra by Devon Energy is currently pending final closing conditions. Once the deal is finalized, Coterra will no longer operate as an independent entity, triggering the index replacement process. Inclusion in the S&P 500 typically generates positive momentum for a company's share price, as passive index funds and ETFs are required to purchase the stock to mirror the index's composition. Conversely, Coterra's removal marks the end of its tenure as a standalone component of the benchmark.