Devon Energy (DVN) vs ONEOK (OKE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Devon Energy (DVN) has outperformed ONEOK (OKE) over the past year, gaining 36.8% versus a gain of 21.5%. Over five years, OKE leads with a +35.2% price change compared with +19.4% for DVN. ONEOK is the larger company by market cap ($55.51 billion vs $52.67 billion), about 1.1 times the size.
On valuation, Devon Energy trades at a lower forward P/E (8.8x vs 14.1x for ONEOK). ONEOK offers the higher dividend yield (4.82% vs 2.17%). Devon Energy converts more of its revenue into profit, with a net margin of 15.4% versus 10.1%.
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 | DVN | OKE |
|---|---|---|
| Share price | $47.88 | $88.05 |
| Market cap | $52.67B | $55.51B |
| 1-day change | -0.29% | -1.32% |
| YTD return | +30.71% | +19.80% |
| 1-year return | +36.84% | +21.53% |
| 5-year return | +19.40% | +35.21% |
| P/E ratio (TTM) | 10.43 | 15.21 |
| Forward P/E | 8.82 | 14.11 |
| EPS (TTM) | $4.59 | $5.79 |
| Dividend yield | 2.17% | 4.82% |
| Annual dividend | $1.04 | $4.24 |
| Revenue (latest FY) | $17.19B | $33.63B |
| Revenue growth (YoY) | +7.83% | +54.99% |
| Net income (latest FY) | $2.64B | $3.39B |
| Gross margin | — | 30.50% |
| Operating margin | — | 17.07% |
| Net margin | 15.37% | 10.09% |
| 52-week high | $52.71 | $99.85 |
| 52-week low | $31.47 | $64.02 |
| Distance from 52-week high | -9.16% | -11.82% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +26.50% | +14.93% |
| Average volume | 10.94M | 3.64M |
| Shares outstanding | 1.10B | 630.41M |
| Employees | 2,200 | 6,326 |
| Sector | Energy | Utilities |
| 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
- DVN has outperformed OKE by 15.3 percentage points over the past year.
- ONEOK trades at a higher earnings multiple (15.2x vs 10.4x trailing P/E).
- ONEOK offers a meaningfully higher dividend yield (4.82% vs 2.17%).
- Devon Energy is more profitable, keeping 15.4 cents of every revenue dollar as net income versus 10.1 cents for ONEOK.
- ONEOK grew revenue faster in its latest fiscal year (+54.99% vs +7.83%).
- The two companies sit in different sectors: Devon Energy in Energy and ONEOK in Utilities.
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
About ONEOK
OKE stock →ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States.
Utilities · Oil & Gas Production · 6,326 employees
DVN vs OKE FAQ
Which is bigger, Devon Energy or ONEOK?
ONEOK (OKE) is larger, with a market capitalization of $55.51B compared with $52.67B for Devon Energy (DVN).
Which stock has performed better over the past year, DVN or OKE?
DVN returned +36.84% over the past 12 months, compared with +21.53% for OKE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DVN or OKE?
DVN has the lower trailing P/E at 10.4, versus 15.2 for OKE. 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, Devon Energy or ONEOK?
ONEOK has the higher yield at 4.82%, compared with 2.17% for Devon Energy.
Are Devon Energy and ONEOK in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.