COP vs DVN

ConocoPhillips and Devon Energy, both Energy

ConocoPhillips is the larger company at $131B against $49B. On trailing earnings DVN is the cheaper of the two at a P/E of 11.1 against 17.3, a gap that is only a bargain if the two are growing at similar rates. Over the past year DVN returned +48% against +45% for COP. Ryufin's sector-relative Smart Score puts DVN ahead, 7/10 against 4/10.

ConocoPhillips and Devon Energycompared on valuation, return and Ryufin’s Smart Score
FigureCOPDVN
Last close$131$46.83
Market cap$131B$49B
Trailing P/Elower is cheaper for the same earnings, not automatically better17.311.1
Dividend yield2.4%n/a
1-year return+45%+48%
5-year return+176%+132%
Ryufin Smart Scoresector-relative, 1–104/107/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

ConocoPhillips

Revenue of $19B in Q2 2026, net income $3.9B. Its largest reported line is US, 79% of the disclosed total.

Devon Energy

Revenue of $7.4B in Q2 2026, net income $1.9B. Its largest reported line is Oil Gas And NGL Sales, 66% of the disclosed total.

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