ConocoPhillips (COP) 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
Devon Energy (DVN) has outperformed ConocoPhillips (COP) over the past year, gaining 36.8% versus a gain of 36.3%. Over five years, COP leads with a +75.1% price change compared with +19.4% for DVN. ConocoPhillips is the larger company by market cap ($155.98 billion vs $52.67 billion), about 3.0 times the size, while Devon Energy is growing revenue faster (+7.8% vs +7.7%).
On valuation, Devon Energy trades at a lower forward P/E (8.8x vs 13.4x for ConocoPhillips). ConocoPhillips offers the higher dividend yield (2.54% vs 2.17%). Devon Energy converts more of its revenue into profit, with a net margin of 15.4% versus 13.6%.
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 | COP | DVN |
|---|---|---|
| Share price | $129.84 | $47.88 |
| Market cap | $155.98B | $52.67B |
| 1-day change | +0.38% | -0.29% |
| YTD return | +38.70% | +30.71% |
| 1-year return | +36.34% | +36.84% |
| 5-year return | +75.13% | +19.40% |
| P/E ratio (TTM) | 17.20 | 10.43 |
| Forward P/E | 13.42 | 8.82 |
| EPS (TTM) | $7.55 | $4.59 |
| Dividend yield | 2.54% | 2.17% |
| Annual dividend | $3.30 | $1.04 |
| Revenue (latest FY) | $58.94B | $17.19B |
| Revenue growth (YoY) | +7.67% | +7.83% |
| Net income (latest FY) | $7.99B | $2.64B |
| Gross margin | 62.13% | — |
| Net margin | 13.55% | 15.37% |
| 52-week high | $141.62 | $52.71 |
| 52-week low | $85.57 | $31.47 |
| Distance from 52-week high | -8.32% | -9.16% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +13.12% | +26.50% |
| Average volume | 6.62M | 10.94M |
| Shares outstanding | 1.20B | 1.10B |
| Employees | 9,600 | 2,200 |
| Sector | Energy | Energy |
| Industry | Integrated oil Companies | 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
- ConocoPhillips is about 3.0 times larger than Devon Energy by market value ($155.98B vs $52.67B).
- ConocoPhillips trades at a higher earnings multiple (17.2x vs 10.4x trailing P/E).
About ConocoPhillips
COP stock →ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific.
Energy · Integrated oil Companies · 9,600 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
COP vs DVN FAQ
Which is bigger, ConocoPhillips or Devon Energy?
ConocoPhillips (COP) is larger, with a market capitalization of $155.98B compared with $52.67B for Devon Energy (DVN).
Which stock has performed better over the past year, COP or DVN?
DVN returned +36.84% over the past 12 months, compared with +36.34% for COP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, COP or DVN?
DVN has the lower trailing P/E at 10.4, versus 17.2 for COP. 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, ConocoPhillips or Devon Energy?
ConocoPhillips has the higher yield at 2.54%, compared with 2.17% for Devon Energy.
Are ConocoPhillips and Devon Energy in the same industry?
Both are in the Energy sector, but in different industries: Integrated oil Companies for ConocoPhillips and Oil & Gas Production for Devon Energy.