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Devon Energy vs Occidental Petroleum: Which Stock Looks Stronger in 2026?

Devon Energy leads structurally, with valuation as the clearest single gap between the two profiles. Occidental Petroleum still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-05-17

Valuation still does most of the heavy lifting in this comparison. The overall score gap is 11 points in favour of Devon Energy Corporation.

INDUSTRY COMPARISON

Both operate in: Oil & Gas E&P

This comparison is based on industry proximity, not on functional trajectory similarity. DVN and OXY share the same industry classification.

For a similarity-based comparison, see how Devon Energy and Occidental Petroleum each position within their functional peer groups in AssetNext.

Peer-Relative Score
DVN
Devon Energy Corporation
42
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
OXY
Occidental Petroleum Corporation
31
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: DVN vs OXY Profitability 18 18 Stability 40 45 Valuation 84 20 Growth 15 51 DVN OXY
Gap Ranking
#1 Valuation +64
#2 Growth +36
#3 Stability +5
#4 Profitability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for DVN and OXY Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer DVNOXY Relative valuation Structural strength

Occidental Petroleum Corporation occupies the cheaper side of the setup map, although Devon Energy Corporation still holds the stronger structural profile.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where DVN and OXY each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY DVN Elevated · above norm 0th 50th 100th 5 pct gap OXY Elevated · above norm 0th 50th 100th 83rd 78th
DVN (83rd percentile) and OXY (78th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Devon Energy Corporation ranks near the top of the group on valuation; Occidental Petroleum Corporation sits in the weaker half.
Growth
Occidental Petroleum Corporation sits in the stronger part of the group on growth, while Devon Energy Corporation is closer to mid-pack.
Valuation — Dominant Gap
DVN
84
OXY
20
Gap+64in favour of DVN

The multiple-based pricing edge comes from a forward P/E that is 6.9 turns lower.

What keeps the gap from being one-sided

Earnings growth also leans toward OXY, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The valuation edge is decisive, even though current pricing and growth still lean somewhat toward Occidental Petroleum Corporation.

Explore full peer positioning in AssetNext

Break down the DVN vs OXY comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how DVN and OXY each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.