Which has the lower trailing P/E, DVN or OXY?

OXY has the lower trailing P/E: DVN trades at 11.20 and OXY at 8.90. 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 2.07% and OXY yields 1.69% 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 5.26% and OXY delivered 0.92% annualized total return. Past performance doesn't predict future results.

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 September 13, 2026. Differences are shown without an overall score or investment verdict.

DVN

Devon Energy Corporation

$51.86B

$47.15EnergyDelayed quote: Oct 1, 2026, 3:55 PM EDT

OXY

Occidental Petroleum Corporation

$57.55B

$57.87EnergyDelayed quote: Oct 1, 2026, 3:55 PM EDT

Total return — DVN vs OXY

growth of $100 · dividends reinvested · last 10y

DVN +59.9% (+4.8%/yr)OXY +17.5% (+1.6%/yr)DVN compounded faster over this window

DVN OXY

DVN vs OXY: by the numbers

•OXY is the larger company ($57.55B vs $51.86B market cap).
•OXY trades at the lower trailing earnings multiple (8.90 vs 11.20 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 (2.07% vs 1.69%).

Metrics side by side

Valuation

Metric	DVN	OXY
P/E ratio	11.20	8.90
Forward P/E	9.21	9.17
P/S ratio	2.64	2.28
P/B ratio	1.24	1.38
EV / EBITDA	7.13	5.05
FCF yield	3.23%	9.23%

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	5.61%	5.87%

Dividends

Metric	DVN	OXY
Dividend yield	2.07%	1.69%
Payout ratio	24.70%	16.00%

Growth (annualized)

Metric	DVN	OXY
Revenue CAGR (5Y)	23.63%	4.87%
FCF CAGR (5Y)	8.72%	3.24%
Total return CAGR (5Y)	17.66%	21.46%

Frequently asked

Which has the lower trailing P/E, DVN or OXY?: OXY has the lower trailing P/E: DVN trades at 11.20 and OXY at 8.90. 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 2.07% and OXY yields 1.69% 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 5.26% and OXY delivered 0.92% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DVN analysis Full OXY analysis Interactive comparison tool

Dig into the metrics

Devon Energy P/E ratio Occidental Petroleum P/E ratio Devon Energy dividend yield Occidental Petroleum dividend yield Devon Energy ROE Occidental Petroleum ROE Devon Energy operating margin Occidental Petroleum operating margin Devon Energy revenue growth Occidental Petroleum revenue growth Devon Energy free cash flow Occidental Petroleum free cash flow

Devon Energy & Occidental Petroleum appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest FCF Yield Stocks Lowest P/E Ratio Stocks

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 September 13, 2026.