Filing Flows › Comparisons › OXY vs DVN
Occidental Petroleum vs Devon Energy: OXY and DVN compared
Occidental Petroleum is the larger company: $8.1B of revenue in its latest quarter (Q2 2026) against $6.9B for Devon Energy (Q3 2026). Devon Energy is growing faster (+58% against +53% a year earlier). Occidental Petroleum is more profitable, with an operating margin of 48.5% against 18.3%.
Where the money goes: OXY and DVN
Occidental Petroleum (OXY) · Q2 2026
Occidental Petroleum, Q2 2026: revenue $8.1B (+53% year over year), operating margin 48.5%, net earnings $2.8B, operating cash flow $4.3B. The chart follows the revenue to costs, profit and cash.
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) | Devon Energy (DVN) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $8.1B | $6.9B |
| Revenue growth, Y/Y | +53% | +58% |
| Operating margin | 48.5% | 18.3% |
| Net earnings | $2.8B | $1.0B |
| Net margin | 34.6% | 14.7% |
| Operating cash flow | $4.3B | $2.8B |
| Free cash flow | $2.7B | $1.3B |
| Market value | $57.1B | $49.1B |
| P/E | 14.5× | 13.6× |
| Analysts’ mean target | $70.74 | $61.52 |
Questions
Which is bigger, Occidental Petroleum or Devon Energy?
Occidental Petroleum is the larger company: $8.1B of revenue in its latest quarter (Q2 2026) against $6.9B for Devon Energy (Q3 2026).
Is Occidental Petroleum or Devon Energy growing faster?
Devon Energy is growing faster (+58% against +53% a year earlier).
Which is more profitable, Occidental Petroleum or Devon Energy?
Occidental Petroleum is more profitable, with an operating margin of 48.5% against 18.3%.
More: Occidental Petroleum earnings · how Occidental Petroleum makes money · Devon Energy earnings · how Devon Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.