The success of breeding programs depends on the available genetic variability and the adequate selection of parents to produce seeds that generate added value to the developed cultivars that solve limiting problems of the crops. The determination of genetic gain is a powerful tool to advance the selection of outstanding progenitors that are subsequently used to obtain improved cultivars for traits of interest. With the main objective of calculating the genetic gain in different cycles, this research evaluated the yield, vegetative parameters, and oil production components in two oil palm populations identified as C0-Monterrey and C1-Vizcaina. The analysis was carried out using the analysis of variance. Genetic variation and heritability coefficients for all the evaluated traits were also calculated to obtain the components of phenotypic, genotypic, and environmental variation. Genetic gains (Δg) were more representative in the yield traits of fresh fruit bunches, with 19%, for the number of bunches per plant, with a Δg of 18.7%, and for the oil to bunch with a Δg of 6%. Low environmental influences were observed in the phenotypic variation for the different traits evaluated. Finally, high heritability values were observed for genetic traits such as height increase, with 93%, and average bunch weight, with 85%. The development of new progenies using elite dura-type female parents derived from these evaluated populations, with excellent yields of fresh fruit, bunch components, and slow growth, will be the future of oil palm cultivation. In the meantime, progeny trials must focus on improving the ability to select outstanding parents for the best DxP progenies.