Cenovus Energy (CVE) 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
Cenovus Energy (CVE) has outperformed Devon Energy (DVN) over the past year, gaining 75.9% versus a gain of 36.8%. Over five years, CVE leads with a +162.7% price change compared with +19.4% for DVN. Cenovus Energy is the larger company by market cap ($58.43 billion vs $54.02 billion), about 1.1 times the size.
On valuation, Devon Energy trades at a lower forward P/E (9.0x vs 11.8x for Cenovus Energy). Cenovus Energy offers the higher dividend yield (2.59% vs 2.12%).
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 | CVE | DVN |
|---|---|---|
| Share price | $31.68 | $49.11 |
| Market cap | $58.43B | $54.02B |
| 1-day change | +3.43% | +2.57% |
| YTD return | +81.03% | +30.71% |
| 1-year return | +75.93% | +36.84% |
| 5-year return | +162.69% | +19.40% |
| P/E ratio (TTM) | 12.18 | 10.70 |
| Forward P/E | 11.81 | 9.04 |
| EPS (TTM) | $2.60 | $4.59 |
| Dividend yield | 2.59% | 2.12% |
| Annual dividend | $0.82 | $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 | $34.16 | $52.71 |
| 52-week low | $15.63 | $31.47 |
| Distance from 52-week high | -7.26% | -6.83% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +16.82% | +23.34% |
| Average volume | 7.07M | 10.86M |
| Shares outstanding | 1.84B | 1.10B |
| Employees | 7,211 | 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
- CVE has outperformed DVN by 39.1 percentage points over the past year.
About Cenovus Energy
CVE stock →Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
Energy · Oil & Gas Production · 7,211 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
CVE vs DVN FAQ
Which is bigger, Cenovus Energy or Devon Energy?
Cenovus Energy (CVE) is larger, with a market capitalization of $58.43B compared with $54.02B for Devon Energy (DVN).
Which stock has performed better over the past year, CVE or DVN?
CVE returned +75.93% 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, CVE or DVN?
DVN has the lower trailing P/E at 10.7, versus 12.2 for CVE. 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, Cenovus Energy or Devon Energy?
Cenovus Energy has the higher yield at 2.59%, compared with 2.12% for Devon Energy.
Are Cenovus Energy and Devon Energy in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.