ConocoPhillips
COP · Oil & Gas Exploration & Production
$150.80
3.6%Devon Energy
DVN · Oil & Gas Exploration & Production
$51.39
4.5%The short version
- ConocoPhillips is the larger business, with $58.9B of revenue in fiscal 2025 against $17.2B for Devon Energy, about 3.4 times as much.
- Devon Energy earned a higher return on the capital invested in it (13.0%, against 10.7%).
- Investors pay more for each dollar of ConocoPhillips’s earnings: a P/E of 19.9x against 12.2x for Devon Energy.
| Latest fiscal year | COP · FY25 | DVN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $183.1B | $48.3B |
| Revenue | $58.9B | $17.2B |
| Free cash flow | — | $3.1B |
| Net income | $8.0B | $2.6B |
| Growth | ||
| Revenue growth | 7.7% | 7.8% |
| 5-year growth | 25.7% | 28.9% |
| Share count change | 6.2% | −0.2% |
| Profitability | ||
| Gross margin | 62.1% | — |
| Operating margin | — | — |
| Net margin | 13.6% | 15.4% |
| FCF margin | — | 18.2% |
| Return on capital | 10.7% | 13.0% |
| Return on equity | 12.4% | 17.6% |
| Balance sheet | ||
| Net debt | $16.5B | $8.0B |
| Net debt / EBITDA | 0.7x | 1.1x |
| Dividends and buybacks | $9.0B | $1.7B |
| Valuation & quality | ||
| P/E | 19.9x | 12.2x |
| Piotroski F-score | 5 | 5 |
FY16
COP $24.4B
DVN $6.8B
FY17
COP $32.6B
DVN $6.5B
FY18
COP $38.7B
DVN $8.9B
FY19
COP $36.7B
DVN $6.2B
FY20
COP $18.8B
DVN $4.8B
FY21
COP $45.8B
DVN $12.2B
FY22
COP $78.5B
DVN $19.2B
FY23
COP $56.1B
DVN $15.3B
FY24
COP $54.7B
DVN $15.9B
FY25
COP $58.9B
DVN $17.2B
COP
DVN
FY16
COP —
DVN −42.9%
FY17
COP —
DVN —
FY18
COP —
DVN —
FY19
COP —
DVN —
FY20
COP —
DVN —
FY21
COP —
DVN —
FY22
COP —
DVN —
FY23
COP —
DVN —
FY24
COP —
DVN —
FY25
COP —
DVN —
COP
DVN
FY16
COP −$466M
DVN $116M
FY17
COP $2.5B
DVN $1.3B
FY18
COP $6.2B
DVN −$533M
FY19
COP $4.5B
DVN $133M
FY20
COP $87.0M
DVN $311M
FY21
COP $11.7B
DVN $2.9B
FY22
COP $18.2B
DVN $6.0B
FY23
COP —
DVN $2.7B
FY24
COP —
DVN $3.0B
FY25
COP —
DVN $3.1B
COP
DVN
FY16
COP −5.7%
DVN −10.8%
FY17
COP −2.3%
DVN 1.6%
FY18
COP 15.7%
DVN 6.4%
FY19
COP 18.8%
DVN 1.2%
FY20
COP −4.6%
DVN −30.8%
FY21
COP —
DVN 32.9%
FY22
COP —
DVN 40.9%
FY23
COP 19.7%
DVN 23.2%
FY24
COP 13.7%
DVN 15.6%
FY25
COP 10.7%
DVN 13.0%
COP
DVN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.