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Devon Energy vs Occidental Petroleum: DVN and OXY compared
Devon Energy is the larger company: $6.9B of revenue in its latest quarter (Q3 2026) against $6.6B for Occidental Petroleum (Q3 2026). Devon Energy is growing faster (+58% against +19% a year earlier). Occidental Petroleum is more profitable, with an operating margin of 36.2% against 18.3%.
Where the money goes: DVN and OXY
Devon Energy (DVN) · Q3 2026
Devon Energy, Q3 2026: revenue $6.9B (+58% year over year), operating margin 18.3%, net earnings $1.0B, operating cash flow $2.8B. The chart follows the revenue to costs, profit and cash.
Occidental Petroleum (OXY) · Q3 2026
Occidental Petroleum, Q3 2026: revenue $6.6B (+19% year over year), operating margin 36.2%, net earnings $1.6B, operating cash flow $3.7B. The chart follows the revenue to costs, profit and cash.
| Devon Energy (DVN) | Occidental Petroleum (OXY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.9B | $6.6B |
| Revenue growth, Y/Y | +58% | +19% |
| Operating margin | 18.3% | 36.2% |
| Net earnings | $1.0B | $1.6B |
| Net margin | 14.7% | 24.8% |
| Operating cash flow | $2.8B | $3.7B |
| Free cash flow | $1.3B | $2.4B |
| Market value | $49.1B | $57.1B |
| P/E | 10.7× | 14.5× |
| Analysts’ mean target | $61.52 | $70.74 |
Questions
Which is bigger, Devon Energy or Occidental Petroleum?
Devon Energy is the larger company: $6.9B of revenue in its latest quarter (Q3 2026) against $6.6B for Occidental Petroleum (Q3 2026).
Is Devon Energy or Occidental Petroleum growing faster?
Devon Energy is growing faster (+58% against +19% a year earlier).
Which is more profitable, Devon Energy or Occidental Petroleum?
Occidental Petroleum is more profitable, with an operating margin of 36.2% against 18.3%.
More: Devon Energy earnings · how Devon Energy makes money · Occidental Petroleum earnings · how Occidental Petroleum makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.