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 Ovintiv Inc. or California Resources Corporation 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 Ovintiv Inc. and California Resources Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Ovintiv Inc. and California Resources Corporation

Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in the Montney in northwest Alberta and northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.

California Resources Corporation operates as an independent energy and carbon management company in the United States. The company operates in two segments, Oil and Natural Gas, and Carbon Management. It explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. The company also provides Carbon TerraVault which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. In addition, it owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.

Latest Oil, Gas & Consumable Fuels and Ovintiv Inc., California Resources Corporation Stock News

As of September 2, 2026, Ovintiv Inc. had a $18.4 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.7 million. Ovintiv Inc.’s stock is up 70.8% in 2026, up 2.7% in the previous five trading days and up 56.52% in the past year.

Currently, Ovintiv Inc.’s price-earnings ratio is 19.3. Ovintiv Inc.’s trailing 12-month revenue is $9.5 billion with a 9.7% net profit margin. Year-over-year quarterly sales growth most recently was 29.7%. Analysts expect adjusted earnings to reach $7.320 per share for the current fiscal year. Ovintiv Inc. currently has a 1.8% dividend yield.

As of September 2, 2026, California Resources Corporation had a $4.8 billion market cap, putting it in the 66th percentile of all stocks. California Resources Corporation’s stock is up 19.8% in 2026, up 1.2% in the previous five trading days and up 7.12% in the past year.

Currently, California Resources Corporation does not have a price-earnings ratio. California Resources Corporation’s trailing 12-month revenue is $3.7 billion with a -3.2% net profit margin. Year-over-year quarterly sales growth most recently was 33.0%. Analysts expect adjusted earnings to reach $3.528 per share for the current fiscal year. California Resources Corporation currently has a 3.0% dividend yield.

How We Compare Ovintiv Inc. and California Resources Corporation 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 Ovintiv Inc. and California Resources Corporation’s stock grades to see how they measure up against one another.

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Ovintiv Inc. and California Resources Corporation Stock Value Grades

Company	Ticker	Value
Ovintiv Inc.	OVV	B
California Resources Corporation	CRC	B

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 Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Ovintiv Inc. has a Value Score of 65, which is Value. California Resources Corporation has a Value Score of 73, which is Value.

The Value Stock Winner: It’s a Tie!

Looking at the Value Grade breakdown above, both Ovintiv Inc. and California Resources Corporation have a Value Grade of B. For investors who focus solely on a company’s valuation, you will need to conduct further research into both of these companies’ other metrics to see if they could be good additions to your portfolio. It’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Ovintiv Inc. and California Resources Corporation Growth Grades

Company	Ticker	Growth
Ovintiv Inc.	OVV	B
California Resources Corporation	CRC	A

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.

Ovintiv Inc. has a Growth Score of 61, which is Strong. California Resources Corporation has a Growth Score of 82, which is Very Strong.

The Growth Grade Winner: California Resources Corporation

As you can clearly see from the Growth Grade breakdown above, California Resources Corporation has a more attractive growth grade than Ovintiv Inc.. For investors who focus solely on how a company is growing relative to other companies in the same industry, California Resources Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Ovintiv Inc. and California Resources Corporation’s Momentum Grades

Company	Ticker	Momentum
Ovintiv Inc.	OVV	B
California Resources Corporation	CRC	C

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%.

Ovintiv Inc. has a Momentum Score of 80, which is Strong. California Resources Corporation has a Momentum Score of 41, which is Average.

The Momentum Grade Winner: Ovintiv Inc.

As you can clearly see from the Momentum Grade breakdown above, Ovintiv Inc. is considered to have stronger momentum compared to California Resources Corporation. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Ovintiv Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Ovintiv Inc. and California Resources Corporation Grades

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

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

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 Ovintiv Inc. and California Resources Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Ovintiv Inc. or California Resources Corporation Stock?

Overall, Ovintiv Inc. stock has a Value Score of 65, Growth Score of 61 and Momentum Score of 80.

California Resources Corporation stock has a Value Score of 73, Growth Score of 82 and Momentum Score of 41.

Comparing Ovintiv Inc. and California Resources Corporation’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.