Devon Energy Corporation (DVN) vs Occidental Petroleum Corporation (OXY)
A side-by-side comparison of Devon Energy Corporation and Occidental Petroleum Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 17, 2026. Differences are shown without an overall score or investment verdict.
DVN
Devon Energy Corporation
$46.76EnergyDelayed quote: Aug 17, 2026, 12:40 PM EDT
OXY
Occidental Petroleum Corporation
$58.34EnergyDelayed quote: Aug 17, 2026, 12:40 PM EDT
Total return — DVN vs OXY
growth of $100 · dividends reinvested · last 10yDVN +49.9% (+4.1%/yr)OXY +4.3% (+0.4%/yr)DVN compounded faster over this window
DVN OXY
DVN vs OXY: by the numbers
- •OXY is the larger company ($58.02B vs $51.43B market cap).
- •OXY trades at the lower trailing earnings multiple (8.98 vs 10.89 P/E), one valuation lens rather than an overall verdict.
- •OXY converts more revenue to profit (28.79% vs 16.67% net margin).
- •DVN grew revenue faster over the past five years (23.63% vs 4.87% CAGR).
- •DVN pays the higher dividend yield (2.27% vs 1.71%).
Metrics side by side
Valuation
| Metric | DVN | OXY |
|---|---|---|
| P/E ratio | 10.89 | 8.98 |
| Forward P/E | 9.06 | 10.55 |
| P/S ratio | 2.19 | 2.34 |
| P/B ratio | 1.03 | 1.42 |
| EV / EBITDA | 6.13 | 5.16 |
| FCF yield | 3.88% | 8.99% |
Profitability
| Metric | DVN | OXY |
|---|---|---|
| Gross margin | 25.55% | 33.78% |
| Operating margin | 23.86% | 23.01% |
| Net margin | 16.67% | 28.79% |
| ROE | 7.86% | 17.38% |
| ROIC | 10.46% | 3.15% |
Dividends
| Metric | DVN | OXY |
|---|---|---|
| Dividend yield | 2.27% | 1.71% |
| Payout ratio | 24.70% | 59.17% |
Growth (annualized)
| Metric | DVN | OXY |
|---|---|---|
| Revenue CAGR (5Y) | 23.63% | 4.87% |
| FCF CAGR (5Y) | 8.72% | 3.24% |
| Total return CAGR (5Y) | 15.99% | 19.34% |
Frequently asked
- Which has the lower trailing P/E, DVN or OXY?
- OXY has the lower trailing P/E: DVN trades at 10.89 and OXY at 8.98. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, DVN or OXY?
- Over the past five years, DVN grew revenue faster — DVN at a 23.63% CAGR versus OXY at 4.87%.
- Does DVN or OXY pay a bigger dividend?
- DVN yields 2.27% and OXY yields 1.71% based on trailing dividends and the latest price.
- Is DVN or OXY more profitable?
- OXY runs the higher net margin — DVN at 16.67% versus OXY at 28.79%.
- How have DVN and OXY total returns compared?
- Over the past 10 years, DVN delivered 4.72% and OXY delivered 0.68% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Devon Energy P/E ratioOccidental Petroleum P/E ratioDevon Energy dividend yieldOccidental Petroleum dividend yieldDevon Energy ROEOccidental Petroleum ROEDevon Energy operating marginOccidental Petroleum operating marginDevon Energy revenue growthOccidental Petroleum revenue growthDevon Energy free cash flowOccidental Petroleum free cash flow
Devon Energy & Occidental Petroleum appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 17, 2026.