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

Devon Energy Corporation and Occidental Petroleum Corporation are both Oil & Gas E&P companies. Devon Energy Corporation and Occidental Petroleum Corporation are of similar size ($57.7B and $53.3B). Occidental Petroleum Corporation trades at the lower P/E: 8.6× against 11.1×. Occidental Petroleum Corporation grew revenue faster over the last twelve months: 18.5% against 14.6%. 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 (6.72% vs 1.18%). Across the 22 metrics below, Occidental Petroleum Corporation leads on 13 and Devon Energy Corporation on 9.

Valuation

Metric DVN OXY Oil & Gas E&P median
P/E 11.12 8.63 10.57
P/S 2.24 2.37 1.80
P/B 1.06 1.66 1.27
Price to free cash flow 27.43 9.97 9.99
EV/EBITDA 6.56 4.55 5.08
EV/Sales 2.77 2.77 2.39
Earnings yield 8.99% 11.58% 6.06%
Free cash flow yield 3.65% 10.03% 6.17%

Profitability

Metric DVN OXY Oil & Gas E&P median
Gross margin 79.45% 73.32% 80.41%
Operating margin 21.39% 29.32% 21.39%
Net margin 16.67% 27.30% 14.17%
Free cash flow margin 8.17% 23.79% 9.71%
Return on equity 11.50% 21.08% 10.05%
Return on assets 6.41% 7.93% 5.81%
Return on invested capital 5.05% 6.85% 6.32%

Growth

Metric DVN OXY Oil & Gas E&P median
Revenue growth (TTM) 14.64% 18.51% 9.94%
EPS growth (last fiscal year) (8.55%) (34.02%) —
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 0.28
Current ratio 0.72 1.41 0.96
Net debt to EBITDA 0.99 1.71 0.91

Dividend

Metric DVN OXY Oil & Gas E&P median
Dividend yield 6.72% 1.18% 4.93%
Payout ratio 0.62 0.10 0.07

Size

Metric DVN OXY Oil & Gas E&P median
Market cap 53.28b 57.72b 923.59m

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