From Zacks Investment Research: 2025-04-30 13:04:00

The oil and gas industry remains crucial to the global economy despite the shift towards renewables. Devon Energy (DVN) and Occidental Petroleum Corporation (OXY) are major U.S. oil and gas producers with strong positions in the Permian Basin. Devon focuses on high-quality assets and strategic acquisitions to boost production, while Occidental utilizes non-core asset sales to reduce debts. Both companies face cyclical challenges but offer growth opportunities. Devon Energy is cheaper than Occidental based on valuation metrics. Devon Energy and Occidental Petroleum both invest heavily in capital expenditures and offer dividend yields to shareholders. Devon Energy holds a slight edge over Occidental Petroleum due to its U.S.-centric focus and lower debt levels.



Read more at Zacks Investment Research: Devon Energy vs. Occidental: Which Energy Stock Has More Growth Ahead? – April 30, 2025