Canadian Natural Resources (CNQ) vs Devon Energy (DVN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Canadian Natural Resources (CNQ) has outperformed Devon Energy (DVN) over the past year, gaining 45.0% versus a gain of 36.8%. Over five years, CNQ leads with a +129.0% price change compared with +19.4% for DVN. Canadian Natural Resources is the larger company by market cap ($101.12 billion vs $53.81 billion), about 1.9 times the size.
On valuation, Devon Energy trades at a lower forward P/E (9.0x vs 12.7x for Canadian Natural Resources). Canadian Natural Resources offers the higher dividend yield (4.94% vs 2.13%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CNQ | DVN |
|---|---|---|
| Share price | $49.05 | $48.92 |
| Market cap | $101.12B | $53.81B |
| 1-day change | +3.26% | +2.17% |
| YTD return | +40.32% | +30.71% |
| 1-year return | +44.99% | +36.84% |
| 5-year return | +129.03% | +19.40% |
| P/E ratio (TTM) | 12.05 | 10.66 |
| Forward P/E | 12.72 | 9.01 |
| EPS (TTM) | $4.07 | $4.59 |
| Dividend yield | 4.94% | 2.13% |
| Annual dividend | $2.43 | $1.04 |
| Revenue (latest FY) | — | $17.19B |
| Revenue growth (YoY) | — | +7.83% |
| Net income (latest FY) | — | $2.64B |
| Net margin | — | 15.37% |
| 52-week high | $52.31 | $52.71 |
| 52-week low | $29.68 | $31.47 |
| Distance from 52-week high | -6.23% | -7.19% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | -1.69% | +23.81% |
| Average volume | 6.62M | 10.86M |
| Shares outstanding | 2.06B | 1.10B |
| Employees | 10,750 | 2,200 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Production | Oil & Gas Production |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Canadian Natural Resources offers a meaningfully higher dividend yield (4.94% vs 2.13%).
About Canadian Natural Resources
CNQ stock →Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil.
Energy · Oil & Gas Production · 10,750 employees
About Devon Energy
DVN stock →Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming.
Energy · Oil & Gas Production · 2,200 employees
CNQ vs DVN FAQ
Which is bigger, Canadian Natural Resources or Devon Energy?
Canadian Natural Resources (CNQ) is larger, with a market capitalization of $101.12B compared with $53.81B for Devon Energy (DVN).
Which stock has performed better over the past year, CNQ or DVN?
CNQ returned +44.99% over the past 12 months, compared with +36.84% for DVN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CNQ or DVN?
DVN has the lower trailing P/E at 10.7, versus 12.1 for CNQ. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Canadian Natural Resources or Devon Energy?
Canadian Natural Resources has the higher yield at 4.94%, compared with 2.13% for Devon Energy.
Are Canadian Natural Resources and Devon Energy in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.