A display panel and a display device are provided. The display panel comprises a first substrate (1), a first liquid crystal display structure (2) and an organic electroluminescent structure (3); the first liquid crystal display structure (2) and the organic electroluminescent structure (3) are respectively provided at opposite sides of the first substrate (1), the organic electroluminescent structure (3) emits light from both sides; the light emitted from a side facing the first liquid crystal display structure (2) is used as the backlight for the first liquid crystal display structure (2), and the light emitted from a side facing away from the first liquid crystal display structure (2) can be used for displaying or illumination. The display panel is capable of double-sided display or illumination and has a reduced thickness.