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

Occidental Petroleum holds the cleaner structural position, with growth as the main driver and profitability adding further support. 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 2026-08-16

The clearest separation starts in growth, but profitability adds another real layer to the result. The overall score gap is 10 points in favour of Occidental Petroleum 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
58
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
OXY
Occidental Petroleum Corporation
68
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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

More than one operating dimension supports the result here.

Dimension spread: DVN vs OXY Profitability 36 53 Stability 42 53 Valuation 87 78 Growth 66 91 DVN OXY
Gap Ranking
#1 Growth +25
#2 Profitability +17
#3 Stability +11
#4 Valuation +9
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

The price setup looks more supportive for Occidental Petroleum Corporation, but Devon Energy Corporation still has the stronger structure.

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 1 pct gap OXY Elevated · above norm 0th 50th 100th 70th 72nd
DVN (70th percentile) and OXY (72nd percentile) both sit in the upper-middle 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
Growth
Both rank well on growth, but Occidental Petroleum Corporation still sits higher.
Profitability
On profitability, Occidental Petroleum Corporation is positioned higher in the group, while Devon Energy Corporation is closer to the middle.
Growth — Dominant Gap
DVN
66
OXY
91
Gap+25in favour of OXY

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Devon Energy, with a forward P/E that is 6.3 turns lower there.

What this means for the comparison

Growth is the clearest driver, and profitability also supports Occidental Petroleum Corporation's broader structural position.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar growth-and-profitability comparisons

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.