Permian Stock Performance Amid Oil Price Spikes: DVN vs. OXY
ByAinvest
Tuesday, Mar 24, 2026 11:43 am ET1min read
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Devon Energy (DVN) and Occidental Petroleum (OXY) benefit from oil price spikes due to their US-based production in the Permian Basin. DVN operates a diversified multi-basin portfolio, while OXY focuses on the Permian Basin and has reduced debt through the sale of its OxyChem chemical business. OXY's earnings growth prospects are stronger, with a 77.89% increase in the Zacks Consensus Estimate for 2026 and 25.56% for 2027, compared to DVN's 3.99% and 8.56% declines.
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