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DVN vs. EQNR: Devon Energy vs. Equinor Stock Comparison

How do Devon Energy (DVN) and Equinor (EQNR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Devon Energy (DVN) and Equinor (EQNR) both belong to the Oil, Gas & Consumable Fuels industry, though DVN is classified under Oil & Gas Exploration & Production while EQNR falls under Integrated Oil & Gas.

Devon Energy (DVN) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Devon Energy (DVN) and Equinor (EQNR)
Profile ItemDVNEQNR
NameDevon Energy CorporationEquinor ASA Sponsored ADR
Country/RegionUnited StatesNorway
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionIntegrated Oil & Gas
Market Capitalization48.11 billion USD99.39 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 22, 1985June 18, 2001
Security TypeCommon StockADR

Price Performance

Cumulative Growth

DVN
EQNR
GSPC
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Devon Energy (DVN) vs. Equinor (EQNR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Devon Energy (DVN) and Equinor (EQNR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Devon Energy (DVN) and Equinor (EQNR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
Total Return (1Y)28.98%78.03%
Total Return (3Y, Annualized)1.94%17.56%
Total Return (5Y, Annualized)4.07%17.66%

Risk Profile

Drawdown History

DVN
EQNR
GSPC
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Devon Energy (DVN) vs. Equinor (EQNR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Devon Energy (DVN) and Equinor (EQNR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
Volatility (1Y, Annualized)35.86%40.50%
Beta (5Y)0.510.18
Max Drawdown (5Y)-60.83%-34.57%
Avg. Volume (3M)10.82M3.77M

Risk-Adjusted Performance

Risk-Return Positioning

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DVN and EQNR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
Sharpe Ratio (1Y)0.691.82
Sortino Ratio (1Y)0.992.76

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Devon Energy (DVN) at 12.56% is closer to the peer norm — stronger capital efficiency for EQNR.

DVN

Energy industry group

12.56%

Max
53.85%
Q3
24.79%
Median
12.85%
DVN
12.56%
Q1
2.03%
Min
-29.09%

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Devon Energy (DVN) at 16.29% and Equinor (EQNR) at 9.79% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

DVN

Energy industry group

16.29%

Max
56.92%
Q3
22.92%
DVN
16.29%
Median
10.10%
Q1
0.07%
Min
-27.38%

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Equinor (EQNR) at 37.00% operates in the top operating margin quartile, ahead of Devon Energy (DVN) at 19.84%, which runs around its industry’s norm.

DVN

Energy industry group

19.84%

Max
71.31%
Q3
33.75%
DVN
19.84%
Median
18.73%
Q1
6.94%
Min
-24.52%

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
ROE (TTM)12.56%27.57%
ROA (TTM)6.52%17.10%
Net Margin (TTM)16.29%9.79%
Operating Margin (TTM)19.84%37.00%
Gross Margin (TTM)53.48%43.18%

Growth

Revenue Growth

Both Devon Energy (DVN) at 7.83% and Equinor (EQNR) at 3.24% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Devon Energy (DVN) at -8.55% and Equinor (EQNR) at -37.62% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
Revenue Growth (YoY)7.83%3.24%
Revenue Growth (3Y CAGR)-3.57%-10.78%
EPS Growth (YoY)-8.55%-37.62%
EPS Growth (3Y CAGR)-22.96%-40.11%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while Devon Energy (DVN) at 0.70 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DVN.

DVN

Energy industry group

0.70

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
DVN
0.70
Min
0.24

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Devon Energy (DVN) at 0.26 keeps leverage in the lower industry quartile, while Equinor (EQNR) at 0.66 runs a more typical debt-to-equity mix.

DVN

Energy industry group

0.26

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
DVN
0.26
Min
0.00

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
Current Ratio (MRQ)0.701.18
Debt / Equity (MRQ)0.260.66
Net Debt / EBITDA1.050.12

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Devon Energy (DVN) at 2.61% pays a more typical yield — both are credible income propositions, EQNR the richer one.

DVN

Energy industry group

2.61%

Max
8.57%
Q3
3.58%
DVN
2.61%
Median
1.71%
Q1
0.00%
Min
0.00%

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Devon Energy (DVN) at 26.29% and Equinor (EQNR) at 31.54% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

DVN

Energy industry group

26.29%

Max
133.24%
Q3
53.31%
DVN
26.29%
Median
25.24%
Q1
0.00%
Min
0.00%

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
Dividend Yield (TTM)2.61%3.67%
Dividend Payout Ratio (TTM)26.29%31.54%

Valuation

P/E Ratio (TTM)

Both Devon Energy (DVN) at 9.91 and Equinor (EQNR) at 8.71 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

DVN

Energy industry group

9.91

Max
39.54
Q3
21.72
Median
12.19
DVN
9.91
Q1
7.71
Min
2.99

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Devon Energy (DVN) at 2.18 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

DVN

Energy industry group

2.18

Max
5.40
Q3
2.85
DVN
2.18
Median
1.69
Q1
0.88
Min
0.00

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Devon Energy (DVN) at 1.15 sits near its industry’s typical P/B ratio, while Equinor (EQNR) at 4.44 prices above its benchmark range — EQNR looks rich relative to book.

DVN

Energy industry group

1.15

Max
4.21
Q3
2.38
Median
1.51
DVN
1.15
Q1
1.08
Min
0.01

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Devon Energy (DVN) vs. Equinor (EQNR): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Devon Energy (DVN) and Equinor (EQNR)
MetricDVNEQNR
P/E Ratio (TTM)9.918.71
P/S Ratio (TTM)2.180.82
P/B Ratio (MRQ)1.154.44
Free Cash Flow Yield (TTM)3.11%32.55%