A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
OCCIDENTAL PETROLEUM CORP /DE/
OXY
$57.4B
Mkt Cap
$57.30
-0.52%
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a current P/E ratio of 35.6, compared to its historical median P/E of 17.5. The stock is currently considered Expensive based on its historical valuation range.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a 5-year average return on invested capital (ROIC) of 10.6%. This indicates solid capital allocation.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a market capitalization of $56.8B. It is classified as a large-cap stock.
Yes, OCCIDENTAL PETROLEUM CORP /DE/ (OXY) pays a dividend with a trailing twelve-month yield of 1.25%. The company also returns capital through share buybacks, with a buyback yield of 0.10%.
Based on historical P/E analysis, OCCIDENTAL PETROLEUM CORP /DE/ (OXY) appears expensive. The current P/E of 35.6 is 103% above its historical median of 17.5. The estimated fair value CAGR (P/E method) is 3.8%.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
Occidental Petroleum is an international energy company with premier diversified assets primarily in the United States, the Middle East, and North Africa, ranking among the largest U.S. oil and gas producers with leading positions in the Permian and DJ Basins, offshore Gulf of America, and as the largest independent oil producer in Oman. The company's oil and gas business generates revenue through conventional and unconventional field development using primary, secondary (waterflood), and tertiary (CO₂ and steam flood) recovery methods, with a competitive advantage in CO₂ separation, transportation, utilization, recycling and storage for enhanced oil recovery. The midstream and marketing segment supports and enhances oil and gas operations through gathering, processing, transportation, storage and terminal services provided to both Occidental subsidiaries and third parties, with equity method investments in entities such as WES and DEL, and includes Al Hosn Gas processing facility in the UAE. Oxy Low Carbon Ventures, a subsidiary within midstream and marketing, advances decarbonization technologies including direct air capture (with the STRATOS facility designed to capture up to 500,000 tons of CO₂ annually), carbon sequestration, and lithium development. The company's business model relies on capital-efficient production across multiple geographies, with approximately 70% of oil and gas capital directed to U.S. operations, supported by a skilled workforce and quality service providers, and generates cash flow through oil, natural gas liquids, and natural gas sales at market prices or through forward contracts to refiners and end users.
【Sustained cost efficiency and cash flow growth】 Management expects to deliver more than $1.2 billion of incremental free cash flow in 2026 relative to 2025 before higher price impacts, driven by $500 million in annual oil and gas operational savings, $400 million in midstream savings, and approximately $365 million in interest savings from debt reduction. The company is targeting a principal debt reduction to $10 billion as a priority while maintaining production at approximately 1.45 million BOE per day in 2026 despite lower capital spending of $5.5–$5.9 billion, reflecting continued operational efficiency gains and optimization of activity levels. Management plans to develop significant additional cash flow by 2029 through continued oil and gas cost efficiency, lower decline rates from mid-cycle projects including Gulf of America waterflood and Permian EOR investments, and lower corporate costs from reduced debt interest and workforce efficiency. The company remains disciplined in capital allocation, with plans to increase reinvestment from its advantaged resource base once macro conditions clarify, while maintaining a sustainable and growing dividend supported by strong operational execution and record safety performance achieved in 2025.
| Metric | Target | Period |
|---|---|---|
| Free cash flow improvement | more than $1.2 billion | 2026 vs. 2025 |
| Production | approximately 1.45 million BOE per day | 2026 |
| Capital expenditure | $5.5 billion–$5.9 billion | 2026 |
| Oil and gas operational savings | $500 million | 2026 |
| Midstream savings | $400 million | 2026 |
| Interest savings | approximately $365 million | 2026 vs. 2025 |
| Midstream earnings guidance | $1.1 billion | Full year 2026 |
| Principal debt target | $10 billion | Long-term target |
Free cash flow improvement (2026 vs. 2025): “2026 is an important first step as we are targeting more than $1.2 billion of incremental free cash flow relative to 2025 before the positive impacts of higher prices.”
Production (2026): “Even with lower spend, we expect production to average approximately 1.45 million barrels of oil equivalent per day.”
“We expect capital spending to range from $5.5 billion-$5.9 billion, representing a $550 million reduction from 2025, excluding OxyChem.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 20.0B | 21.6B | 22.7B | 23.2B | 36.6B | 26.0B |
| Net Income | 4.0B | 1.6B | 2.4B | 3.8B | 12.4B | 1.5B |
| EPS | $4.05 | $1.61 | $2.44 | $3.90 | $12.40 | $1.58 |
| Free Cash Flow | 3.6B | 4.1B | 5.2B | 6.6B | 12.3B | 7.6B |
| ROIC | 0.0% | 4.3% | 6.2% | 8.7% | 27.7% | 6.0% |
| Gross Margin | - | - | 24.9% | 30.2% | 41.5% | 18.9% |
| Debt/Equity | 0.40 | 0.65 | 0.79 | 0.69 | 0.69 | 1.49 |
| Dividends/Share | $0.71 | $0.96 | $1.49 | $0.72 | $1.18 | $0.88 |
| Operating Income | 0 | 3.7B | 4.7B | 6.0B | 14.3B | 4.0B |
| Operating Margin | 0.0% | 17.2% | 20.7% | 26.0% | 38.9% | 15.6% |
| ROE | 10.3% | 4.6% | 7.3% | 12.4% | 49.3% | 7.8% |
| Shares Outstanding | 991M | 1,001M | 969M | 962M | 1,002M | 957M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 19.3B | 12.5B | 10.1B | 12.5B | 17.8B | 20.9B | 17.8B | 26.0B | 36.6B | 23.2B | 22.7B | 21.6B | 20.0B |
| Gross Margin | 12.3% | -72.2% | -9.4% | 13.3% | 36.8% | 8.8% | -87.4% | 18.9% | 41.5% | 30.2% | 24.9% | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | 585M | 893M | 864M | 863M | 945M | 987M | 960M | 986M | 964M |
| EBIT | 2.4B | -9.0B | -944M | 1.7B | 6.0B | 942M | -16.4B | 4.0B | 14.3B | 6.0B | 4.7B | 3.7B | 0 |
| Op. Margin | 12.3% | -72.2% | -9.4% | 13.3% | 33.6% | 4.5% | -92.2% | 15.6% | 38.9% | 26.0% | 20.7% | 17.2% | 0.0% |
| Net Income | 616M | -7.8B | -574M | 1.3B | 4.1B | -985M | -15.7B | 1.5B | 12.4B | 3.8B | 2.4B | 1.6B | 4.0B |
| Net Margin | 3.2% | -62.7% | -5.7% | 10.4% | 23.1% | -4.7% | -88.0% | 5.8% | 33.9% | 16.1% | 10.4% | 7.5% | 20.0% |
| Non-Recurring | 0 | 20.6B | 1.4B | 1.0B | 0 | 5.6B | 0 | 192M | 308M | 522M | -60M | 263M | 263M |
| Returns on Capital | |||||||||||||
| ROIC | 3.4% | -21.4% | -1.8% | 8.9% | 24.1% | 1.1% | -24.7% | 6.0% | 27.7% | 8.7% | 6.2% | 4.3% | 0.0% |
| ROE | 1.6% | -26.4% | -2.5% | 12.3% | 39.0% | -3.5% | -59.4% | 7.8% | 49.3% | 12.4% | 7.3% | 4.6% | 10.3% |
| ROA | 1.0% | -15.7% | -1.3% | 3.1% | 9.8% | -1.3% | -16.7% | 1.9% | 16.8% | 5.1% | 3.0% | 1.9% | 5.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 11.1B | 3.4B | 3.4B | 4.9B | 7.7B | 7.4B | 4.0B | 10.4B | 16.8B | 12.3B | 11.4B | 10.5B | 9.7B |
| Free Cash Flow | 2.1B | -1.9B | 667M | 1.3B | 2.7B | 1.0B | 1.4B | 7.6B | 12.3B | 6.6B | 5.2B | 4.1B | 3.6B |
| Owner Earnings | 6.7B | -1.2B | -1.0B | 709M | 3.5B | 1.0B | -4.3B | 1.7B | 9.6B | 5.7B | 4.3B | 2.8B | 2.0B |
| CapEx | 8.9B | 5.3B | 2.7B | 3.6B | 5.0B | 6.4B | 2.5B | 2.9B | 4.5B | 5.7B | 6.3B | 6.4B | 6.1B |
| Maint. CapEx | 4.3B | 4.5B | 4.3B | 4.0B | 4.0B | 6.1B | 8.1B | 8.4B | 6.9B | 6.4B | 7.0B | 7.5B | 7.4B |
| Growth CapEx | 4.7B | 728M | 0 | 0 | 998M | 227M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 4.3B | 4.5B | 4.3B | 4.0B | 4.0B | 6.1B | 8.1B | 8.4B | 6.9B | 6.4B | 7.0B | 7.5B | 7.4B |
| CapEx/OCF | 80.7% | 157.3% | 80.3% | 74.0% | 64.9% | 86.3% | 64.1% | 27.5% | 26.8% | 50.9% | 54.8% | 61.0% | 62.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 2.2B | 2.3B | 2.3B | 2.3B | 2.4B | 2.6B | 1.8B | 839M | 1.2B | 679M | 1.4B | 679M | 708M |
| Dividend Yield | 4.4% | 5.5% | 5.5% | 6.0% | 5.0% | 7.1% | 11.3% | 3.4% | 2.1% | 1.2% | 2.7% | 1.6% | 1.2% |
| Share Buybacks | 2.5B | 593M | 22M | 25M | 1.2B | 237M | 12M | 8.0M | 3.1B | 1.8B | 27M | 0 | 56M |
| Buyback Yield | 5.5% | 1.5% | 0.1% | 0.1% | 3.2% | 0.8% | 0.1% | 0.0% | 4.9% | 3.2% | 0.1% | N/A | 0.1% |
| Stock-Based Comp | 129M | 49M | 121M | 150M | 180M | 208M | 202M | 287M | 258M | 203M | 213M | 234M | 233M |
| Debt Repayment | 107M | 0 | 2.7B | 0 | 500M | 0 | 0 | 6.8B | 9.5B | 22M | 4.5B | 3.8B | 3.8B |
| Balance Sheet | |||||||||||||
| Net Debt | 2.7B | 4.9B | 7.6B | 8.2B | 7.3B | 37.0B | 35.3B | 27.6B | 19.8B | 19.5B | 24.8B | 21.4B | 11.9B |
| Cash & Equiv. | 3.8B | 3.2B | 2.2B | 1.7B | 3.0B | 3.0B | 2.0B | 2.8B | 984M | 1.4B | 2.1B | 2.0B | 3.8B |
| Long-Term Debt | 6.8B | 6.9B | 9.8B | 9.3B | 10.2B | 38.5B | 35.7B | 29.4B | 19.7B | 18.5B | 25.0B | 20.6B | 15.2B |
| Debt/Equity | 0.20 | 0.34 | 0.46 | -38.09 | 0.48 | 1.17 | 2.01 | 1.49 | 0.69 | 0.69 | 0.79 | 0.65 | 0.40 |
| Interest Coverage | 30.9 | -61.3 | -3.2 | 4.8 | 15.4 | 0.9 | -11.5 | 2.5 | 13.8 | 6.3 | 4.0 | 3.4 | 3.4 |
| Equity | 35.0B | 24.4B | 21.5B | -258M | 21.3B | 34.2B | 18.6B | 20.3B | 30.1B | 30.3B | 34.2B | 36.0B | 38.9B |
| Total Assets | 56.2B | 43.4B | 43.1B | 42.0B | 42.2B | 107.2B | 80.1B | 75.0B | 72.6B | 74.0B | 85.4B | 84.2B | 80.5B |
| Total Liabilities | 21.3B | 19.1B | 21.6B | 21.5B | 20.8B | 13.4B | 11.4B | 10.5B | 42.5B | 43.7B | 51.0B | 47.6B | -482M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 36.1B | 26.0B | 23.0B | 21.9B | 23.8B | 20.2B | 3.0B | 4.5B | 16.5B | 19.6B | 21.2B | 21.9B | 24.8B |
| Working Capital | 5.6B | 2.6B | 2.1B | 870M | 2.5B | 1.9B | 596M | 1.9B | 1.1B | -773M | -451M | -601M | 1.9B |
| Current Assets | 13.9B | 9.4B | 8.4B | 8.3B | 9.9B | 14.6B | 8.8B | 10.2B | 8.9B | 8.4B | 9.1B | 8.8B | 11.1B |
| Current Liabilities | 8.2B | 6.8B | 6.4B | 7.4B | 7.4B | 12.7B | 8.2B | 8.3B | 7.8B | 9.1B | 9.5B | 9.4B | 9.2B |
| Per Share Data | |||||||||||||
| EPS | 0.79 | -10.23 | -0.75 | 1.70 | 5.39 | -1.22 | -17.06 | 1.58 | 12.40 | 3.90 | 2.44 | 1.61 | 4.05 |
| Owner EPS | 8.56 | -1.62 | -1.31 | 0.92 | 4.60 | 1.27 | -4.73 | 1.78 | 9.61 | 5.88 | 4.41 | 2.76 | 2.04 |
| Book Value | 44.83 | 31.82 | 28.09 | -0.34 | 27.95 | 42.40 | 20.21 | 21.24 | 30.03 | 31.46 | 35.26 | 35.99 | 39.28 |
| Cash Flow/Share | 14.19 | 4.38 | 4.42 | 6.33 | 10.05 | 9.13 | 4.30 | 10.90 | 16.78 | 12.80 | 11.81 | 10.52 | 11.52 |
| Dividends/Share | 2.88 | 2.97 | 3.02 | 3.06 | 3.10 | 3.14 | 2.01 | 0.88 | 1.18 | 0.72 | 1.49 | 0.96 | 0.71 |
| Shares Out. | 779.7M | 765.3M | 765.3M | 767.6M | 763.3M | 807.4M | 918.8M | 957.0M | 1.0B | 961.5M | 968.9M | 1.0B | 991.2M |
| Valuation | |||||||||||||
| P/E Ratio | 74.2 | N/A | N/A | 35.3 | 9.5 | N/A | N/A | 17.5 | 4.7 | 14.7 | 19.4 | 24.6 | 14.2 |
| P/FCF | 21.4 | N/A | 64.1 | 36.5 | 14.6 | 29.2 | 10.6 | 3.5 | 4.8 | 8.4 | 8.9 | 9.7 | 15.8 |
| EV/EBIT | 20.3 | N/A | N/A | 31.9 | 132.3 | 102.4 | N/A | 86.3 | 73.1 | 138.0 | 91.0 | 16.2 | N/A |
| Price/Book | 1.3 | 1.6 | 2.0 | 2.3 | 1.8 | 0.9 | 0.8 | 2.0 | 2.1 | 1.8 | 1.3 | 1.1 | 1.5 |
| Price/Sales | 2.3 | 3.3 | 4.0 | 3.0 | 3.1 | 1.8 | 0.9 | 1.5 | 1.6 | 2.0 | 2.0 | 2.1 | 2.8 |
| FCF Yield | 4.7% | -5.0% | 1.6% | 2.7% | 6.8% | 3.4% | 9.5% | 18.6% | 19.5% | 11.9% | 11.2% | 10.1% | 6.3% |
| Market Cap | 45.7B | 38.7B | 42.7B | 46.3B | 39.4B | 29.5B | 15.0B | 40.7B | 63.1B | 55.6B | 46.1B | 40.6B | 56.8B |
| Avg. Price | 63.77 | 54.16 | 54.61 | 50.92 | 62.54 | 45.52 | 17.77 | 25.65 | 55.64 | 58.57 | 55.82 | 43.64 | 57.30 |
| Year-End Price | 58.64 | 50.60 | 55.83 | 60.06 | 51.42 | 36.48 | 16.32 | 27.69 | 58.79 | 57.47 | 47.29 | 39.66 | 57.30 |
OCCIDENTAL PETROLEUM CORP /DE/ passes 3 of 9 quality checks, indicating weak fundamentals.
OCCIDENTAL PETROLEUM CORP /DE/ trades at 35.6x trailing earnings, compared to its 15-year median P/E of 17.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 13.8x vs a median of 10.1x. The company's 5-year average ROIC is 10.6% with a gross margin of 28.9%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is +20.2%.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) reported annual revenue of $21.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a net profit margin of 7.5%. This is a modest margin.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) generated $4.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a debt-to-equity ratio of 0.65. This indicates moderate leverage.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) reported earnings per share (EPS) of $1.61 in its most recent fiscal year.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a return on equity (ROE) of 4.6%. This indicates moderate shareholder returns.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a 5-year average gross margin of 28.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for OCCIDENTAL PETROLEUM CORP /DE/ (OXY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has a book value per share of $35.99, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects to deliver more than $1.2 billion of incremental free cash flow in 2026 relative to 2025 before higher price impacts, driven by $500 million in annual oil and gas operational savings, $400 million in midstream savings, and approximately $365 million in interest savings from debt reduction. The company is targeting a principal debt reduction to $10 billion as a priority while maintaining production at approximately 1.45 million BOE per day in 2026 despite lower capital spending of $5.5–$5.9 billion, reflecting continued operational efficiency gains and optimization of activity levels. Management plans to develop significant additional cash flow by 2029 through continued oil and gas cost efficiency, lower decline rates from mid-cycle projects including Gulf of America waterflood and Permian EOR investments, and lower corporate costs from reduced debt interest and workforce efficiency. The company remains disciplined in capital allocation, with plans to increase reinvestment from its advantaged resource base once macro conditions clarify, while maintaining a sustainable and growing dividend supported by strong operational execution and record safety performance achieved in 2025.
Based on recent SEC filings and earnings calls, OCCIDENTAL PETROLEUM CORP /DE/ (OXY) has provided the following forward guidance: Free cash flow improvement: more than $1.2 billion (2026 vs. 2025); Production: approximately 1.45 million BOE per day (2026); Capital expenditure: $5.5 billion–$5.9 billion (2026); Oil and gas operational savings: $500 million (2026); Midstream savings: $400 million (2026), plus 3 additional metrics.
Oil and gas operational savings (2026): “This is largely driven by expected annual operational savings of $500 million in oil and gas, and $400 million in midstream savings, partially driven by improved crude transportation costs.”
Midstream savings (2026): “This is largely driven by expected annual operational savings of $500 million in oil and gas, and $400 million in midstream savings, partially driven by improved crude transportation costs.”
Interest savings (2026 vs. 2025): “In addition, we expect to realize approximately $365 million in interest savings in 2026 compared to 2025.”
Midstream earnings guidance (Full year 2026): “we are raising the midpoint of full-year midstream guidance to $1.1 billion, an increase of approximately $800 million from the full-year guidance provided in our last call.”
Principal debt target (Long-term target): “we would like to first get our principal debt to $10 billion, but we are not setting a timeframe to get to this target, as we want to have some flexibility.”
No recent press releases.