Devon Energy (DVN) vs Occidental Petroleum (OXY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Devon Energy (DVN) has outperformed Occidental Petroleum (OXY) over the past year, gaining 39.9% versus a gain of 28.4%. Over five years, OXY leads with a +83.9% price change compared with +22.0% for DVN. Occidental Petroleum is the larger company by market cap ($60.26 billion vs $53.81 billion), about 1.1 times the size, while Devon Energy is growing revenue faster (+7.8% vs -1.9%).
On valuation, Devon Energy trades at a lower forward P/E (9.0x vs 14.8x for Occidental Petroleum). Devon Energy offers the higher dividend yield (2.13% vs 1.66%). Devon Energy converts more of its revenue into profit, with a net margin of 15.4% versus 11.0%.
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 | OXY |
|---|---|---|
| Share price | $48.92 | $60.28 |
| Market cap | $53.81B | $60.26B |
| 1-day change | +2.17% | +3.56% |
| YTD return | +33.55% | +41.56% |
| 1-year return | +39.89% | +28.41% |
| 5-year return | +22.00% | +83.86% |
| P/E ratio (TTM) | 10.66 | 17.13 |
| Forward P/E | 9.01 | 14.75 |
| EPS (TTM) | $4.59 | $3.52 |
| Dividend yield | 2.13% | 1.66% |
| Annual dividend | $1.04 | $1.00 |
| Revenue (latest FY) | $17.19B | $21.59B |
| Revenue growth (YoY) | +7.83% | -1.93% |
| Net income (latest FY) | $2.64B | $2.37B |
| Net margin | 15.37% | 10.97% |
| 52-week high | $52.71 | $67.45 |
| 52-week low | $31.47 | $38.80 |
| Distance from 52-week high | -7.19% | -10.63% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +23.81% | +13.40% |
| Average volume | 10.91M | 8.49M |
| Shares outstanding | 1.10B | 999.64M |
| Employees | 2,200 | 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
- DVN has outperformed OXY by 11.5 percentage points over the past year.
- Occidental Petroleum trades at a higher earnings multiple (17.1x vs 10.7x trailing P/E).
- Devon Energy grew revenue faster in its latest fiscal year (+7.83% vs -1.93%).
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 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
DVN vs OXY FAQ
Which is bigger, Devon Energy or Occidental Petroleum?
Occidental Petroleum (OXY) is larger, with a market capitalization of $60.26B compared with $53.81B for Devon Energy (DVN).
Which stock has performed better over the past year, DVN or OXY?
DVN returned +39.89% 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, DVN or OXY?
DVN has the lower trailing P/E at 10.7, versus 17.1 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, Devon Energy or Occidental Petroleum?
Devon Energy has the higher yield at 2.13%, compared with 1.66% for Occidental Petroleum.
Are Devon Energy and Occidental Petroleum in the same industry?
Yes. Both are classified in the Oil & Gas Production industry within the Energy sector.