Devon Energy Corporation (DVN) vs Occidental Petroleum Corporation (OXY)

Devon Energy Corporation and Occidental Petroleum Corporation are both Oil & Gas E&P companies. Occidental Petroleum Corporation is the larger, with a market value of $56.3B against $47.2B — 1.2× the size. Occidental Petroleum Corporation trades at the lower P/E: 8.6× against 10.2×. Devon Energy Corporation grew revenue faster over the last twelve months: 14.6% against −3.89%. Occidental Petroleum Corporation has the higher net margin (27.3% vs 16.7%) and the higher return on invested capital (6.85% vs 5.05%). Both pay a dividend; Devon Energy Corporation yields more (2.60% vs 1.84%). Across the 22 metrics below, Occidental Petroleum Corporation leads on 12 and Devon Energy Corporation on 10.

Valuation

Metric DVN OXY Oil & Gas E&P median
P/E 10.18 8.57 9.67
P/S 2.05 2.35 1.76
P/B 0.97 1.65 1.19
Price to free cash flow 25.10 9.89 8.37
EV/EBITDA 6.11 4.52 4.59
EV/Sales 2.58 2.75 2.27
Earnings yield 9.83% 11.67% 7.55%
Free cash flow yield 3.98% 10.11% 3.98%

Profitability

Metric DVN OXY Oil & Gas E&P median
Gross margin 79.45% 73.32% 79.54%
Operating margin 21.39% 29.32% 24.01%
Net margin 16.67% 27.30% 14.11%
Free cash flow margin 8.17% 23.79% 7.72%
Return on equity 11.50% 21.08% 8.99%
Return on assets 6.41% 7.93% 4.63%
Return on invested capital 5.05% 6.85% 6.33%

Growth

Metric DVN OXY Oil & Gas E&P median
Revenue growth (TTM) 14.64% (3.89%) 13.60%
EPS growth (last fiscal year) (8.55%) (34.02%) (10.17%)
Revenue growth, 5-year CAGR 28.91% 3.93% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DVN OXY Oil & Gas E&P median
Debt to equity 0.27 0.32 0.29
Current ratio 0.72 1.41 0.92
Net debt to EBITDA 0.99 1.71 0.93

Dividend

Metric DVN OXY Oil & Gas E&P median
Dividend yield 2.60% 1.84% 3.76%
Payout ratio 0.27 0.16 0.33

Size

Metric DVN OXY Oil & Gas E&P median
Market cap 47.17b 56.34b 953.29m

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