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Ovintiv vs Occidental Petroleum: revenue, profit, margins and growth compared

Ovintiv brought in $8.9B of revenue in fiscal 2025, Occidental Petroleum $21.6B in fiscal 2025. Revenue changed by -2.7% at Ovintiv and -4.9% at Occidental Petroleum on the year before, so Ovintiv grew faster. Ovintiv kept 13.9% of its revenue as net profit, Occidental Petroleum 7.5%. Free cash flow was $1.5B at Ovintiv and $4.1B at Occidental Petroleum.

Side by side, latest fiscal year

OVVOXY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.9B$21.6B
Revenue growth-2.7%-4.9%
Net income$1.2B$1.6B
Net margin13.9%7.5%
Free cash flow$1.5B$4.1B
Free cash flow margin16.9%19.0%
Earnings per share (diluted)$4.78$1.61
Cash$35M$2B
Debt$5.2B$21.4B
Price to earnings12.635.3
Market value$17B$56.8B
Dividend yield2.00%1.69%
Rank by revenue in sector#25 of 129 · Energy#17 of 129 · Energy

Over the years

Revenue
OVV FY2019: $5.9BOVV FY2019: $7BOVV FY2020: $6.1BOVV FY2021: $10.5BOVV FY2022: $14.3BOVV FY2023: $10.9BOVV FY2024: $9.2BOVV FY2025: $8.9BOXY FY2018: $17.8BOXY FY2019: $20.9BOXY FY2020: $17.8BOXY FY2021: $26BOXY FY2022: $36.6BOXY FY2023: $23.2BOXY FY2024: $22.7BOXY FY2025: $21.6BFY18FY19FY20FY21FY22FY23FY24FY25
OVV $8.9BOXY $21.6B
Net income
OVV FY2019: $1.1BOVV FY2019: $234MOVV FY2020: -$6.1BOVV FY2021: $1.4BOVV FY2022: $3.6BOVV FY2023: $2.1BOVV FY2024: $1.1BOVV FY2025: $1.2BOXY FY2018: $4.1BOXY FY2019: -$985MOXY FY2020: -$14.8BOXY FY2021: $2.3BOXY FY2022: $13.3BOXY FY2023: $4.7BOXY FY2024: $2.4BOXY FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
OVV $1.2BOXY $1.6B
Net margin
OVV FY2019: 18.0%OVV FY2019: 3.3%OVV FY2020: -100.2%OVV FY2021: 13.5%OVV FY2022: 25.5%OVV FY2023: 19.2%OVV FY2024: 12.3%OVV FY2025: 13.9%OXY FY2018: 23.2%OXY FY2019: -4.7%OXY FY2020: -83.3%OXY FY2021: 8.9%OXY FY2022: 36.3%OXY FY2023: 20.2%OXY FY2024: 10.4%OXY FY2025: 7.5%FY18FY19FY20FY21FY22FY23FY24FY25
OVV 13.9%OXY 7.5%
Revenue growth
OVV FY2019: +18.1%OVV FY2020: -13.2%OVV FY2021: +72.0%OVV FY2022: +36.3%OVV FY2023: -23.7%OVV FY2024: -15.9%OVV FY2025: -2.7%OXY FY2019: +17.3%OXY FY2020: -14.8%OXY FY2021: +45.8%OXY FY2022: +41.1%OXY FY2023: -36.6%OXY FY2024: -2.2%OXY FY2025: -4.9%FY19FY20FY21FY22FY23FY24FY25
OVV -2.7%OXY -4.9%
Free cash flow
OVV FY2019: $325MOVV FY2019: $295MOVV FY2020: $159MOVV FY2021: $1.6BOVV FY2022: $2BOVV FY2023: $1.4BOVV FY2024: $1.4BOVV FY2025: $1.5BOXY FY2018: $2.7BOXY FY2019: $1BOXY FY2020: $1.4BOXY FY2021: $7.6BOXY FY2022: $12.3BOXY FY2023: $6.6BOXY FY2024: $5.2BOXY FY2025: $4.1BFY18FY19FY20FY21FY22FY23FY24FY25
OVV $1.5BOXY $4.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Ovintiv and Occidental Petroleum

Which is bigger by revenue, Ovintiv or Occidental Petroleum?

Occidental Petroleum is bigger by revenue: $21.6B in fiscal 2025, against $8.9B for Ovintiv in fiscal 2025.

Which keeps more of its revenue as profit, Ovintiv or Occidental Petroleum?

Ovintiv had a net margin of 13.9% in fiscal 2025; Occidental Petroleum had 7.5% in fiscal 2025.

Which grew revenue faster, Ovintiv or Occidental Petroleum?

In their latest fiscal years revenue changed by -2.7% at Ovintiv and -4.9% at Occidental Petroleum.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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