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DVN vs. OXY: Devon Energy vs. Occidental Petroleum Stock Comparison

How do Devon Energy (DVN) and Occidental Petroleum (OXY) 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 Occidental Petroleum (OXY) both belong to the Oil, Gas & Consumable Fuels industry, though DVN is classified under Oil & Gas Exploration & Production while OXY falls under Integrated Oil & Gas.

Company profile comparison for Devon Energy (DVN) and Occidental Petroleum (OXY)
Profile ItemDVNOXY
NameDevon Energy CorporationOccidental Petroleum Corp.
Country/RegionUnited StatesUnited States
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 USD56.36 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 22, 1985December 31, 1981
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DVN
OXY
GSPC
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Devon Energy (DVN) vs. Occidental Petroleum (OXY), 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 Occidental Petroleum (OXY). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Devon Energy (DVN) and Occidental Petroleum (OXY)
MetricDVNOXY
Total Return (1Y)28.98%38.05%
Total Return (3Y, Annualized)1.94%-0.84%
Total Return (5Y, Annualized)4.07%12.24%

Risk Profile

Drawdown History

DVN
OXY
GSPC
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Devon Energy (DVN) vs. Occidental Petroleum (OXY), 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 Occidental Petroleum (OXY). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Devon Energy (DVN) and Occidental Petroleum (OXY)
MetricDVNOXY
Volatility (1Y, Annualized)35.86%35.52%
Beta (5Y)0.510.19
Max Drawdown (5Y)-60.83%-50.77%
Avg. Volume (3M)10.82M8.51M

Risk-Adjusted Performance

Risk-Return Positioning

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DVN and OXY 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 Occidental Petroleum (OXY)
MetricDVNOXY
Sharpe Ratio (1Y)0.690.95
Sortino Ratio (1Y)0.991.42

Profitability

ROE (TTM)

Both Devon Energy (DVN) at 12.56% and Occidental Petroleum (OXY) at 10.63% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

DVN

Energy industry group

12.56%

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

OXY

Energy industry group

10.63%

Max
53.85%
Q3
24.79%
Median
12.85%
OXY
10.63%
Q1
2.03%
Min
-29.09%
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Occidental Petroleum (OXY) at 30.32% retains a top-quartile share of revenue as profit, ahead of Devon Energy (DVN) at 16.29%, which keeps about the industry-typical share.

DVN

Energy industry group

16.29%

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

OXY

Energy industry group

30.32%

Max
56.92%
OXY
30.32%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Occidental Petroleum (OXY) at 45.44% 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%

OXY

Energy industry group

45.44%

Max
71.31%
OXY
45.44%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Devon Energy (DVN) and Occidental Petroleum (OXY)
MetricDVNOXY
ROE (TTM)12.56%10.63%
ROA (TTM)6.52%4.68%
Net Margin (TTM)16.29%30.32%
Operating Margin (TTM)19.84%45.44%
Gross Margin (TTM)53.48%73.32%

Growth

Revenue Growth

Both Devon Energy (DVN) at 7.83% and Occidental Petroleum (OXY) at -1.93% 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. Occidental Petroleum (OXY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Devon Energy (DVN) at -8.55% and Occidental Petroleum (OXY) at -34.02% 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. Occidental Petroleum (OXY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Devon Energy (DVN) and Occidental Petroleum (OXY)
MetricDVNOXY
Revenue Growth (YoY)7.83%-1.93%
Revenue Growth (3Y CAGR)-3.57%-16.16%
EPS Growth (YoY)-8.55%-34.02%
EPS Growth (3Y CAGR)-22.96%-49.36%

Financial Strength

Current Ratio (MRQ)

Occidental Petroleum (OXY) at 1.41 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

OXY

Energy industry group

1.41

Max
3.64
Q3
2.21
OXY
1.41
Median
1.41
Q1
0.88
Min
0.24
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): 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 Occidental Petroleum (OXY) at 0.35 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

OXY

Energy industry group

0.35

Max
1.75
Q3
0.93
Median
0.54
OXY
0.35
Q1
0.30
Min
0.00
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): 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 Occidental Petroleum (OXY)
MetricDVNOXY
Current Ratio (MRQ)0.701.41
Debt / Equity (MRQ)0.260.35
Net Debt / EBITDA1.050.76

Dividends

Dividend Yield (TTM)

Both Devon Energy (DVN) at 2.61% and Occidental Petroleum (OXY) at 1.77% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

DVN

Energy industry group

2.61%

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

OXY

Energy industry group

1.77%

Max
8.57%
Q3
3.58%
OXY
1.77%
Median
1.71%
Q1
0.00%
Min
0.00%
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Devon Energy (DVN) at 26.29% and Occidental Petroleum (OXY) at 28.41% 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%

OXY

Energy industry group

28.41%

Max
133.24%
Q3
53.31%
OXY
28.41%
Median
25.24%
Q1
0.00%
Min
0.00%
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Devon Energy (DVN) and Occidental Petroleum (OXY)
MetricDVNOXY
Dividend Yield (TTM)2.61%1.77%
Dividend Payout Ratio (TTM)26.29%28.41%

Valuation

P/E Ratio (TTM)

Both Devon Energy (DVN) at 9.91 and Occidental Petroleum (OXY) at 16.02 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

OXY

Energy industry group

16.02

Max
39.54
Q3
21.72
OXY
16.02
Median
12.19
Q1
7.71
Min
2.99
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Devon Energy (DVN) at 2.18 and Occidental Petroleum (OXY) at 2.36 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

DVN

Energy industry group

2.18

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

OXY

Energy industry group

2.36

Max
5.40
Q3
2.85
OXY
2.36
Median
1.69
Q1
0.88
Min
0.00
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Devon Energy (DVN) at 1.15 and Occidental Petroleum (OXY) at 1.68 are valued close to their industries’ norm against book — neither stands out from peers.

DVN

Energy industry group

1.15

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

OXY

Energy industry group

1.68

Max
4.21
Q3
2.38
OXY
1.68
Median
1.51
Q1
1.08
Min
0.01
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Devon Energy (DVN) vs. Occidental Petroleum (OXY): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Devon Energy (DVN) and Occidental Petroleum (OXY)
MetricDVNOXY
P/E Ratio (TTM)9.9116.02
P/S Ratio (TTM)2.182.36
P/B Ratio (MRQ)1.151.68
Free Cash Flow Yield (TTM)3.11%6.72%