Cenovus Energy (CVE) vs Occidental Petroleum (OXY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Cenovus Energy (CVE) has outperformed Occidental Petroleum (OXY) over the past year, gaining 75.9% versus a gain of 28.4%. Over five years, CVE leads with a +162.3% price change compared with +83.9% for OXY. Occidental Petroleum is the larger company by market cap ($58.19 billion vs $56.49 billion), about 1.0 times the size.
On valuation, Cenovus Energy trades at a lower forward P/E (11.4x vs 14.2x for Occidental Petroleum). Cenovus Energy offers the higher dividend yield (2.68% vs 1.72%).
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 | OXY |
|---|---|---|
| Share price | $30.63 | $58.21 |
| Market cap | $56.49B | $58.19B |
| 1-day change | -1.95% | -0.21% |
| YTD return | +81.03% | +41.56% |
| 1-year return | +75.93% | +28.41% |
| 5-year return | +162.26% | +83.86% |
| P/E ratio (TTM) | 11.78 | 16.54 |
| Forward P/E | 11.42 | 14.25 |
| EPS (TTM) | $2.60 | $3.52 |
| Dividend yield | 2.68% | 1.72% |
| Annual dividend | $0.82 | $1.00 |
| Revenue (latest FY) | — | $21.59B |
| Revenue growth (YoY) | — | -1.93% |
| Net income (latest FY) | — | $2.37B |
| Net margin | — | 10.97% |
| 52-week high | $34.16 | $67.45 |
| 52-week low | $15.63 | $38.80 |
| Distance from 52-week high | -10.33% | -13.70% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +20.83% | +17.44% |
| Average volume | 7.10M | 8.65M |
| Shares outstanding | 1.84B | 999.64M |
| Employees | 7,211 | 10,412 |
| 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 OXY by 47.5 percentage points over the past year.
- Occidental Petroleum trades at a higher earnings multiple (16.5x vs 11.8x trailing P/E).
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 Occidental Petroleum
OXY stock →Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing.
Energy · Oil & Gas Production · 10,412 employees
CVE vs OXY FAQ
Which is bigger, Cenovus Energy or Occidental Petroleum?
Occidental Petroleum (OXY) is larger, with a market capitalization of $58.19B compared with $56.49B for Cenovus Energy (CVE).
Which stock has performed better over the past year, CVE or OXY?
CVE returned +75.93% over the past 12 months, compared with +28.41% for OXY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVE or OXY?
CVE has the lower trailing P/E at 11.8, versus 16.5 for OXY. 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 Occidental Petroleum?
Cenovus Energy has the higher yield at 2.68%, compared with 1.72% for Occidental Petroleum.
Are Cenovus Energy and Occidental Petroleum in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.