Occidental Petroleum Corp (OXY)

Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component

$62.50 ▼ -0.20 (0.32%)

At close 22 Oct 2026 · USD · Volume 8,091,559

Compare with EOG

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$66 +5.7% to fair value

$33fair band $56–$80$99

Day's range

$61.28 – $63.56

52-week range

$38.80 – $67.45

About Occidental Petroleum Corp

Occidental Petroleum is an oil and natural gas producer that explores for and develops reserves in the United States, including the Permian Basin and the Gulf of Mexico, and in the Middle East and North Africa. A chemical subsidiary, OxyChem, makes basic chemicals such as chlorine and caustic soda. The company also runs midstream and marketing activities and works on low-carbon projects, including carbon capture. Its customers are refiners, traders and industrial chemical users.

Occidental earns its revenue mainly from producing and delivering oil, natural gas and natural gas liquids, with the chemical business adding a steadier contribution. Revenue was $22.0 billion over the last twelve months, having changed at -16.2% a year across the last three years. The operating margin is 24.4%, and the business earns 8% on the capital invested in it. Net debt stands at 0.8 times EBITDA, and the dividend yield is 1.7%. On the site's X-Ray Score it receives 36 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $38.80 – $67.45Volume 8,091,559Daily, split-adjusted

Vitals

Market cap$63.3B

52-week range$38.80 – $67.45

Volume (last day)8,091,559

P/E (TTM)8.6

EBIT / EV yield7.3%

Free-cash-flow yield7.6%

Dividend yield1.7%

Revenue (TTM)$22.0B

Net income (TTM)$7.3B

Operating margin24.4%

Return on capital7.7%

Debt incl. leases$13.7B

Cash & securities$4.2B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$66middle half of models $64 – $71

Fair +5.7% to fair value

Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High

Price $63

Undervalued < $56Fair $56 – $80Overvalued > $80

P/E multiple

$66

P/B multiple

$68

P/S multiple

$57

EV/EBITDA multiple

$66

EV/EBIT multiple

$69

EV/revenue multiple

$63

10-year DCF, EBITDA exit

$71

5-year DCF, EBITDA exit

$66

10-year DCF, revenue exit

$70

5-year DCF, revenue exit

$65

10-year DCF, growth exit

$74

5-year DCF, growth exit

$71

Dividend discount, stable

$40

Dividend discount, multi-stage

$51

Earnings power value

$93

Growth the price implies

48.9%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 39 The price is not above fair value $66 fair value Debt looks manageable 0.8× EBITDA Revenue has been growing -16.2% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

47/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield7.3%

Free-cash-flow yield7.6%

Fair value vs price1.1×

Growth Weak

9/100

Growing slower than most of its sector.

See the numbers →

Revenue growth (3y)-16.2%

EPS growth (3y)-49.4%

Growth consistency30%

Profitability Weak

31/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital7.7%

Operating margin24.4%

Financial health Weak

47/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score4 / 9

Net debt / EBITDA0.8×

Interest coverNo interest cost

Dividends Fair

57/100

Dividend is typical for its sector.

See the numbers →

Dividend yield1.7%

Dividends vs free cash flow22%

Dividend growth10.4%

Quarterly results: last 6 quarters

-13.6%

Mar '25

-22.9%

Jun '25

-6.8%

Sep '25

-22.0%

Dec '25

-4.2%

Mar '26

+53.4%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $8.1B, diluted EPS $2.75.

Compare with peers

EXE EXPAND ENERGY Corp67 EOG Eog Resources Inc66 EQT EQT Corp63 APA APA Corp62

Other Oil & Gas Exploration & Production companies by X-Ray Score.

SWOT analysis: Occidental Petroleum Corp

Strengthsinside the company

Free cash flow equals 7.6% of the market value, which funds dividends, buybacks or debt paydown.
Operating profit covers interest 50x, so debt costs are a small drag.

Weaknessesinside the company

Revenue has fallen 16.2% a year over three years (median -4.2% for industry peers).
Earnings per share have declined 49.4% a year over three years.

Opportunitiesvaluation and setting

Dividends use only 22% of free cash flow, which leaves room to raise them.
Trades at 8.7x earnings, 35% below the 13.4x median of industry peers.
Our Market Compass rates the backdrop for Energy as favourable.
Price momentum is strong on the weekly and monthly signals (trends can reverse).

Threatsvaluation and setting

Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Earnings in Oil & Gas Exploration & Production follow the industry cycle, so margins and profits can swing from year to year.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare OXY with peers and sector

Medians of 8 Oil & Gas Exploration & Production peers and of 19 Energy stocks in our universe. Largest peers (X-Ray Score): COP 58, EOG 66, FANG 36, DVN 49, EQT 63, TPL 48.

Metric	OXY	Peers	Sector
X-Ray Score (out of 100)	36	60	50
Valuation	47	73	60
Growth	9	55	53
Profitability	31	61	50
Financial health	47	58	55
Dividends	57	38	49

Sector leaders: highest X-Ray Score in Energy

OXY ranks #19 of 20 in Energy and #8 of 9 in Oil & Gas Exploration & Production by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 EXE EXPAND ENERGY Corp	67
#2 EOG Eog Resources Inc	66
#3 EQT EQT Corp	63
#4 APA APA Corp	62
#5 COP Conocophillips	58
…
#19 OXY Occidental Petroleum Corp (this stock)	36

Metric	OXY	Peers	Sector
P/E ratio	8.7x	13.4x	17.4x
PEG ratio	–	–	2.22
Price / book	1.5x	2.0x	2.6x
Price / sales	2.9x	3.1x	2.2x
EV / EBITDA	5.8x	6.6x	9.9x
Price / free cash flow	13.2x	9.2x	16.1x
Dividend yield	1.7%	2.3%	2.3%
Gap to our fair value	+5.7%	+25.0%	+13.5%

Metric	OXY	Peers	Sector
Price change, 1 month	+11.0%	+7.2%	+7.6%
Price change, 3 months	+9.2%	+5.9%	+4.8%
Price change, 6 months	+10.6%	+4.3%	+11.7%
Price change, 1 year	+52.8%	+47.7%	+51.5%

Metric	OXY	Peers	Sector
Market value	$63.3B	$40.3B	$74.6B
Revenue (last 12 months)	$22.0B	$17.1B	$24.7B
EBITDA (last 12 months)	$12.7B	$6.7B	$7.4B
Net income (last 12 months)	$7.3B	$2.7B	$3.3B
Free cash flow (last 12 months)	$4.8B	$3.8B	$3.5B

Metric	OXY	Peers	Sector
Revenue growth, last year	−4.9%	+13.1%	+5.8%
Revenue growth, 3 years a year	−16.2%	−4.2%	−5.2%
EPS growth, 3 years a year	−49.4%	−26.5%	−22.4%
Free cash flow growth, 3 years a year	−30.7%	−7.2%	−12.4%
Dividend growth	+10.4%	−12.8%	+2.3%

Metric	OXY	Peers	Sector
Gross margin	–	–	35.2%
EBITDA margin	57.7%	48.5%	37.0%
Operating margin	24.4%	26.9%	22.9%
Net margin	33.2%	20.5%	11.6%
Return on invested capital	7.7%	12.7%	12.3%
Return on equity	17.5%	14.3%	14.6%

Metric	OXY	Peers	Sector
Net debt / EBITDA	0.8x	0.6x	1.4x
Interest cover	50.0x	24.9x	20.1x
Current ratio	1.4x	1.0x	1.1x
Piotroski F-score (0 to 9)	4	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for OXY

Each factor is rated by where OXY stands among the 20 Energy stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 6 Good · 6 Average · 9 Bad of 21 Growth: 0 · 0 · 3 Profitability: 1 · 2 · 1 Financial strength: 2 · 1 · 1 Valuation: 3 · 2 · 0 Cash flow: 0 · 1 · 3 Efficiency: 0 · 0 · 1

Factor	OXY	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	−16.2%	Bad beats 3%	−5.7%	–	–
Revenue growth, last year	−4.9%	Bad beats 24%	+3.9%	−2.2%	▼ Worse
EPS growth, 3 years a year	−49.4%	Bad beats 3%	−22.6%	–	–
Profitability
Operating margin	24.4%	Average beats 64%	23.0%	17.7%	▲ Better
Net margin	33.2%	Good beats 92%	13.5%	13.6%	▲ Better
Return on invested capital	7.7%	Bad beats 18%	12.3%	–	–
Return on equity	17.5%	Average beats 57%	15.2%	11.4%	▲ Better
Financial strength
Net debt / EBITDA	0.8x	Average beats 58%	1.1x	1.9x	▲ Better
Interest cover	50.0x	Good beats 76%	22.5x	–	–
Current ratio	1.41	Good beats 68%	1.19	0.95	▲ Better
Piotroski F-score	4 / 9	Bad beats 18%	6 / 9	–	–
Valuation
P/E ratio	8.7x	Good beats 93%	17.4x	12.2x	▲ Better
Price / book	1.5x	Good beats 78%	2.6x	1.4x	≈ In line
Price / sales	2.9x	Average beats 39%	2.3x	1.9x	▼ Worse
EV / EBITDA	5.8x	Good beats 87%	9.4x	5.8x	≈ In line
Free cash flow yield	7.6%	Average beats 65%	6.2%	11.5%	▼ Worse
Cash flow
Free cash flow margin	21.8%	Average beats 66%	13.2%	28.5%	▼ Worse
Cash from operations / net income	1.50	Bad beats 13%	1.95	3.72	▼ Worse
Free cash flow growth, 3 years a year	−30.7%	Bad beats 4%	−17.7%	–	–
Accruals (lower is better)	−4.6%	Bad beats 28%	−6.6%	–	–
Efficiency
Days sales outstanding	52 days	Bad beats 32%	43 days	46 days	▼ Worse

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 2 Good · ● 5 Average · ● 8 Bad

Cash quality

Earnings backed by cashBad

Free-cash-flow yieldAverage

Risk models

Altman Z''Average

Piotroski F-ScoreBad

Growth

EPS growth (3y)Bad

Free-cash-flow growth (3y)Bad

Revenue growth (3y)Bad

Growth consistencyBad

Balance sheet

Current ratioGood

Net debt / EBITDAAverage

Interest coverGood

Valuation

Fair value vs priceBad

EBIT / EV yieldAverage

Profitability

Return on invested capitalBad

Operating marginAverage

Each check is graded against the company's sector, not a fixed number. Checklist score 38/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$26.0B	$36.6B	$23.2B	$22.7B	$21.6B
Operating income	$3.7B	$14.1B	$4.7B	$4.0B	$3.1B
Net income	$2.3B	$13.3B	$4.7B	$3.1B	$2.4B
Operating cash flow	$10.4B	$16.8B	$12.3B	$11.4B	$10.5B
Operating margin	14.3%	38.5%	20.1%	17.7%	14.5%
Free cash flow	$7.6B	$12.3B	$6.6B	$5.2B	$4.1B
Diluted EPS	$1.58	$12.40	$3.90	$2.44	$1.61

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bullish

12 bullish · 2 neutral · 2 bearish

Weekly

Strongly bullish

11 bullish · 1 neutral · 0 bearish

Monthly

Strongly bullish

7 bullish · 1 neutral · 0 bearish

Moving averages (daily)

SMA 10	61.82	Bullish
EMA 10	61.68	Bullish
SMA 20	59.62	Bullish
EMA 20	60.65	Bullish
SMA 50	59.59	Bullish
EMA 50	59.26	Bullish
SMA 100	56.92	Bullish
EMA 100	57.70	Bullish
SMA 200	55.06	Bullish
EMA 200	54.96	Bullish

Oscillators (daily)

RSI (14)	62.75	Neutral
MACD (12, 26)	1.14	Bullish
Momentum (12)	7.15	Bullish
Stochastic %K (14)	82.12	Bearish
Williams %R (14)	-17.88	Bearish
CCI (20)	85.97	Neutral

Pivot points (classic, last session)

59.05

60.17

61.33

Pivot

62.45

63.61

64.73

65.89

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

1.04 USD

Yield on today's price

1.66%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
10 Sep 2026	0.2800
10 Jun 2026	0.2600
10 Mar 2026	0.2600
10 Dec 2025	0.2400
10 Sep 2025	0.2400
10 Jun 2025	0.2400
10 Mar 2025	0.2400
10 Dec 2024	0.2200
10 Sep 2024	0.2200
10 Jun 2024	0.2200
7 Mar 2024	0.2200
7 Dec 2023	0.1800

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold OXY

ETF	Share of the fund
OMAH VistaShares Target 15 Berkshire Select...	4.19%
FCG First Trust Natural Gas	3.87%
FXN First Trust Energy AlphaDEX	2.69%
XOP SPDR S&P Oil & Gas Exploration & Produ...	2.31%
XLE Energy Select Sector SPDR	2.12%
ERX Direxion Daily Energy Bull 2X	1.82%
IYE iShares U.S. Energy	1.81%
FENY Fidelity MSCI Energy Index	1.68%

The eight funds with the largest weight in OXY among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.