Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Devon Energy Corporation or ConocoPhillips because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Devon Energy Corporation and ConocoPhillips compare based on key financial metrics to determine which better meets your investment needs.

About Devon Energy Corporation and ConocoPhillips

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. It serves in the United States, Canada, China, Equatorial Guinea, Libya, Malaysia, Norway, Singapore, the United Kingdom, and internationally. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Latest Oil, Gas & Consumable Fuels and Devon Energy Corporation, ConocoPhillips Stock News

As of April 24, 2026, Devon Energy Corporation had a $29.8 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.6 million. Devon Energy Corporation’s stock is up 32.3% in 2026, up 7.8% in the previous five trading days and up 54.25% in the past year.

Currently, Devon Energy Corporation’s price-earnings ratio is 11.5. Devon Energy Corporation’s trailing 12-month revenue is $16.0 billion with a 16.5% net profit margin. Year-over-year quarterly sales growth most recently was -12.1%. There are no analysts providing consensus earnings estimates for the current fiscal year. Devon Energy Corporation currently has a 2.0% dividend yield.

As of April 24, 2026, ConocoPhillips had a $148.4 billion market cap, putting it in the 98th percentile of all stocks. ConocoPhillips’s stock is up 30.5% in 2026, up 4.9% in the previous five trading days and up 35.39% in the past year.

Currently, ConocoPhillips’s price-earnings ratio is 19.2. ConocoPhillips’s trailing 12-month revenue is $60.3 billion with a 13.3% net profit margin. Year-over-year quarterly sales growth most recently was -6.8%. Analysts expect adjusted earnings to reach $7.636 per share for the current fiscal year. ConocoPhillips currently has a 2.8% dividend yield.

How We Compare Devon Energy Corporation and ConocoPhillips Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Devon Energy Corporation and ConocoPhillips’s stock grades to see how they measure up against one another.

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Devon Energy Corporation and ConocoPhillips Growth Grades

Company	Ticker	Growth
Devon Energy Corporation	DVN	C
ConocoPhillips	COP	C

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Devon Energy Corporation has a Growth Score of 60, which is Average. ConocoPhillips has a Growth Score of 45, which is Average.

The Growth Stock Winner: No Clear Winner

Neither Devon Energy Corporation or ConocoPhillips has a high enough Growth Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Devon Energy Corporation or ConocoPhillips is the better investment when it comes to sustainable growth.

Devon Energy Corporation and ConocoPhillips’s Momentum Grades

Company	Ticker	Momentum
Devon Energy Corporation	DVN	B
ConocoPhillips	COP	B

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Devon Energy Corporation has a Momentum Score of 77, which is Strong. ConocoPhillips has a Momentum Score of 71, which is Strong.

The Momentum Grade Winner: It’s a Tie!

Looking at the Momentum Grade breakdown above, both Devon Energy Corporation and ConocoPhillips have a grade of B. For those who focus solely on a company’s momentum, further research will need to be conducted into both companies to see if they fit your individual needs as an investor.

Devon Energy Corporation and ConocoPhillips’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Devon Energy Corporation	DVN	C
ConocoPhillips	COP	B

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Devon Energy Corporation has a Earnings Estimate Score of 42, which is Neutral. ConocoPhillips has a Earnings Estimate Score of 73, which is Positive.

The Earnings Estimate Revisions Grade Winner: ConocoPhillips

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, ConocoPhillips has a better Earnings Estimate Revisions Grade than Devon Energy Corporation. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, ConocoPhillips could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Devon Energy Corporation and ConocoPhillips Grades

In addition to Growth, Estimate Revisions and Momentum, A+ Investor also provides grades for Value and Quality.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Devon Energy Corporation and ConocoPhillips pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Devon Energy Corporation or ConocoPhillips Stock?

Overall, Devon Energy Corporation stock has a Growth Score of 60, Momentum Score of 77 and Estimate Revisions Score of 42.

ConocoPhillips stock has a Growth Score of 45, Momentum Score of 71 and Estimate Revisions Score of 73.

Comparing Devon Energy Corporation and ConocoPhillips’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.