Devon Energy vs Occidental Petroleum
Occidental Petroleum is the larger business, with $21.59bn of revenue in fiscal 2025 against $17.19bn for Devon Energy (1.3 times as much). Devon Energy grew faster (7.8% against -1.9%). Devon Energy kept more of each dollar of sales as profit: a net margin of 15.4% against 7.5%. Devon Energy carries less debt relative to equity (60.5% against 62.2%).
| Latest fiscal year | Devon EnergyDVN, 2025 | Occidental PetroleumOXY, 2025 |
|---|---|---|
| Revenue | $17.19bn | $21.59bn |
| Revenue growth | 7.8% | -1.9% |
| Net income | $2.64bn | $1.61bn |
| Operating margin | — | — |
| Net margin | 15.4% | 7.5% |
| Return on equity | 17.6% | 4.6% |
| Free cash flow | $3.12bn | $4.11bn |
| Cash | $1.38bn | $1.97bn |
| Total debt | $9.39bn | $22.40bn |
| Debt to equity | 60.5% | 62.2% |
| Dividend per share | — | $0.96 |
| Dividend yield | 1.1% | 2.7% |
| Share buybacks | $1.05bn | $0 |
| Employees | 2,200 | — |
| Market value | $44.82bn | $60.34bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 58 (Moderate) | 74 (Strong) |
| Insider trades, 12 months | 1 buys, 5 sales | 2 buys, 0 sales |