MRO vs DVN Stock Comparison: AI Score, Valuation, Performance and Upside
Marathon Oil and Devon Energy are both mid-cap independent exploration and production companies with meaningful US shale exposure, but Devon Energy pioneered a fixed-plus-variable dividend model tied directly to free cash flow, while Marathon Oil maintains a more traditional capital return approach across a diversified multi-basin asset base.
Marathon Oil offers exposure to a diversified multi-basin US shale portfolio with disciplined capital allocation, while Devon Energy offers concentrated Permian Basin exposure paired with a free-cash-flow-linked variable dividend model. Consider whether you prefer Marathon's basin diversification or Devon's Permian concentration and variable payout structure.
MRO and DVN are closely matched — they split the tracked metrics evenly.
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to a diversified multi-basin US shale exploration and production portfolio
- Value disciplined capital allocation prioritizing free cash flow and shareholder returns
- Believe operational flexibility across basins can capture the strongest available returns
- Are comfortable with mid-cap scale and its associated volatility
- Want concentrated exposure to one of the highest-quality US shale plays in the Permian Basin
- Value a dividend structure that directly ties payouts to free cash flow generation
- Are comfortable with variable dividend income that fluctuates with commodity prices
- Believe capital efficiency in a concentrated basin can drive superior returns
| Metric | MRO | DVN |
|---|---|---|
| AI scorei | N/A | 45.9 |
| AI ranki | N/A | #723 |
| Latest closei | N/A | $48.06 |
| 1M returni | N/A | +14.18% |
| 6M returni | N/A | +7.95% |
| 1Y returni | N/A | +37.00% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | MRO | DVN |
|---|---|---|
| 1Y ago | N/A | $13.51K (+35.1%) started 2025-09-04 |
| 5Y ago | N/A | $26.04K (+160.4%) started 2021-09-07 |
| 10Y ago | N/A | $22.38K (+123.8%) started 2016-09-06 |
Hypothetical — past performance does not guarantee future results.
| Metric | MRO | DVN |
|---|---|---|
| Market capi | N/A | $52.08B |
| Trailing P/Ei | N/A | 10.29 |
| Forward P/Ei | N/A | 8.84 |
| Price/Salesi | 2.39 | N/A |
| EV/Revenuei | N/A | 3.36 |
| Analyst targeti | N/A | $59.54 |
| Target upsidei | N/A | +25.74% |
| Metric | MRO | DVN |
|---|---|---|
| Revenue growthi | N/A | 64.20% |
| Earnings growthi | N/A | 44.00% |
| EPS growthi | N/A | +44.00% |
| FCF margini | N/A | +4.17% |
| Operating margini | N/A | 41.08% |
| Profit margini | N/A | 17.46% |
| ROIC proxyi | N/A | 11.52% |
| Return on equityi | N/A | 11.52% |
| Dividend yieldi | N/A | 2.72% |
| Betai | 0.32 | 0.42 |
| Debt/equityi | N/A | 28.49 |
| Current ratioi | N/A | 0.72 |
| Quick ratioi | N/A | 0.58 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | MRO | DVN |
|---|---|---|---|
| 1Y | Growthi | N/A | +35.08% |
| CAGRi | N/A | +35.13% | |
| Volatilityi | N/A | 34.72% | |
| Sharpe ratioi | N/A | 0.91 | |
| Sortino ratioi | N/A | 1.33 | |
| Max drawdowni | N/A | 22.70% | |
| Current drawdowni | N/A | 7.70% | |
| Avg drawdowni | N/A | 7.54% | |
| Ulcer Indexi | N/A | 9.65% | |
| Max daily dropi | N/A | 8.61% | |
| Max wkly dropi | N/A | 11.80% | |
| 5Y | Growthi | N/A | +105.03% |
| CAGRi | N/A | +15.47% | |
| Volatilityi | N/A | 40.46% | |
| Sharpe ratioi | N/A | 0.45 | |
| Sortino ratioi | N/A | 0.64 | |
| Max drawdowni | N/A | 60.83% | |
| Current drawdowni | N/A | 29.75% | |
| Avg drawdowni | N/A | 30.56% | |
| Ulcer Indexi | N/A | 34.69% | |
| Max daily dropi | N/A | 12.76% | |
| Max wkly dropi | N/A | 28.67% | |
| 10Y | Growthi | N/A | +51.32% |
| CAGRi | N/A | +4.23% | |
| Volatilityi | N/A | 49.40% | |
| Sharpe ratioi | N/A | 0.24 | |
| Sortino ratioi | N/A | 0.35 | |
| Max drawdowni | N/A | 88.51% | |
| Current drawdowni | N/A | 29.75% | |
| Avg drawdowni | N/A | 35.11% | |
| Ulcer Indexi | N/A | 40.31% | |
| Max daily dropi | N/A | 37.40% | |
| Max wkly dropi | N/A | 53.93% |
| Category | MRO | DVN |
|---|---|---|
| Company | Marathon Oil Corporation | Devon Energy Corporation |
| Sector | E&P | Energy |
| Industry | N/A | Oil & Gas E&P |
| Core business | An independent exploration and production company focused on developing oil and gas assets across US shale basins including the Permian, Eagle Ford, and Bakken, alongside select international operations. | An independent exploration and production company concentrated primarily in the Permian Basin, with additional positions in other US shale plays, known for pioneering a dividend-plus-variable payout model tied to free cash flow. |
| Investor focus | Production growth across its core US shale basins, capital return program consistency, and free cash flow generation relative to reinvestment needs. | Permian Basin production growth, fixed-plus-variable dividend payout trends tied to free cash flow, and capital efficiency across its shale drilling program. |
- Diversified position across multiple established US shale basins provides operational flexibility to allocate capital where returns are strongest
- Disciplined capital allocation framework has prioritized free cash flow generation and shareholder returns over pure production growth
- Established operating history in key shale basins supports efficient, repeatable well development
- Concentrated Permian Basin position provides exposure to one of the highest-quality, lowest cost-of-supply shale plays in the US
- Pioneered a fixed-plus-variable dividend model that directly ties shareholder payouts to free cash flow generation
- Efficient capital allocation program has historically prioritized returns over aggressive production growth
- Mid-cap scale provides less diversification and financial flexibility than larger, integrated exploration and production peers
- Results remain fundamentally exposed to volatile oil and gas commodity price movements
- Multi-basin operations require ongoing capital discipline to avoid overextending across competing development priorities
- Variable dividend component fluctuates with commodity prices and free cash flow, creating less predictable income for shareholders
- Concentration in shale plays leaves results more exposed to well productivity and basin-specific development trends
- Results remain fundamentally exposed to volatile oil and gas commodity price movements
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