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Occidental Petroleum Corporation

OXY Energy Oil & Gas E&P

Occidental Petroleum Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.6 billion, down 1.93% from fiscal 2024.

Revenue
+53.4%
EPS
+937.0%
Free cash flow
+92.7%
Total debt
−42.2%

Quarter to June 2026, against a year earlier

56.71 0.35 +0.62%
Market cap
$56.3B
P/E
8.6×
Fwd P/E
7.0×
Dividend yield
1.84%
F-score
5/9
Altman Z
1.29
Beneish M
−2.96
Dividend safety
49/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Oil and gas segment
  • Midstream and marketing

Every year since 2008 →

Insider Decisions last twelve months

Bought, $m 0.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — — — — 1 — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.12%

Capital & Financial Ratios $m

Size
Market Cap 56,340.00
Revenue ttm 23,926.00
Net income ttm 7,311.00
Free cash flow ttm 5,692.00
Net debt Q 9,593.00
Valuation
P/E 8.57
Forward P/E 7.00
Price / sales 2.35
Forward P/S Powerpack
Price / FCF 9.89
Price / book 1.65
Financial health
Current ratio Q 1.41
Debt / equity Q 0.32 (at or below 0.5: strong)
Interest coverage Q 38.01
Growth
Revenue growth Q +53.39% (above 0%: growing)
Operating income growth Q +599.11% (above 0%: growing)
EPS, this year +210.32% (at or above 15%: strong)
EPS, next year A −25.74% (below 0%: weak)
Revenue, next year A +29.03% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +25.25% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 3.0×; over the ten years it ranged from 2.0× in 2020 to 6.2× in 2016.
P/E against its own 10 years 16.96%
10-year low 10-year high
P/S against its own 10 years 59.96%
10-year low 10-year high
P/B against its own 10 years 22.11%
10-year low 10-year high
EV/Sales against its own 10 years 39.79%
10-year low 10-year high
EV/FCF against its own 10 years 58.43%
10-year low 10-year high

Dividends raised 4 years running

Yield
1.84%
Annual rate
1.04
Payout ratio
16.1%
Growth, 2017–25
−13.5%/yr
  1. 3.06 ’17
  2. 3.10 ’18 +1
  3. 3.14 ’19 +1
  4. 0.82 ’20 −74
  5. 0.04 ’21 −95
  6. 0.52 ’22 +1200
  7. 0.72 ’23 +38
  8. 0.88 ’24 +22
  9. 0.96 ’25 +9
  10. 1.05 ’26e +9
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,426 2,125 1,968 4,150
Receivables 4,097 3,559 3,259 4,044
Inventory 2,022 1,756 1,823 2,185
Other 830 1,630 1,777 753
8,375 9,070 8,827 11,132
2023 2024 2025 Q'26
Payables 3,646 3,472 3,285 3,572
ST’ Debt 1,202 1,138 1,773 203
Other — 663 778 —
9,148 9,521 9,428 7,892

Compound Annual Growth %

10y 5y 3y
Sales 5.64% 3.93% (16.16%)
Cash Flow 12.13% 21.64% (14.43%)
Earnings 0.00% 0.00% (49.38%)
Book Value 4.16% 14.53% 6.75%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.92 Actual 2.40

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.48 0.64 Beat by 0.16
Q4 FY25 0.19 0.31 Beat by 0.12
Q1 FY26 0.65 1.06 Beat by 0.41
Q2 FY26 1.92 2.40 Beat by 0.48
Q3 FY26 1.43 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 3.13 2.75 — — —
’25 0.77 0.26 0.65 (0.07) 1.61
’24 0.75 1.03 0.98 (0.32) 2.44
’23 1.00 0.63 1.20 1.08 3.90
’22 4.65 3.47 2.52 1.74 12.40
’21 (0.36) (0.10) 0.65 1.37 1.58
’20 (2.49) (9.12) (4.07) (1.41) (17.06)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5,230 8,065 — — —
’25 5,704 5,258 6,624 4,007 21,593
’24 5,975 6,817 7,173 6,760 22,019
’23 7,225 6,702 7,158 2,071 23,156
’22 8,349 10,676 9,390 8,219 36,634
’21 5,293 5,958 6,792 7,913 25,956
’20 6,613 2,928 4,108 4,160 17,809
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,281 4,271 — — —
’25 2,148 2,960 2,790 2,634 10,532
’24 2,007 2,394 3,682 3,356 11,439
’23 2,870 3,070 3,129 3,239 12,308
’22 3,239 5,329 4,267 3,975 16,810
’21 910 3,314 3,118 3,092 10,434
’20 1,339 360 852 1,404 3,955
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (216) 2,696 — — —
’25 1,772 1,399 1,283 1,929 6,383
’24 322 673 3,513 2,341 6,849
’23 1,463 1,370 1,915 2,311 7,059
’22 2,381 4,357 3,682 2,477 12,897
’21 827 2,623 2,964 2,774 9,188
’20 39 (15) 606 3,071 3,701
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −1.6% a year for ten years.

Implied
−1.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 10,090 12,508 17,824 20,911 17,809 25,956 36,634 23,156 22,019 21,593 23,926 +8.8% 27,862 26,138 25,196 +5.3%
Gross margin, % 48.57 55.28 63.15 59.89 52.45 62.79 67.07 64.27 69.22 69.82 73.32 +21.3 pt
EBT (1,845) 1,328 5,608 354 (15,705) 3,705 14,117 4,662 4,024 3,128 5,696 n/m
EBT margin, % (18.29) 10.62 31.46 1.69 (88.19) 14.27 38.54 20.13 18.28 14.49 23.81 +32.8 pt
Net income (574) 1,311 4,131 (522) (14,831) 2,322 13,304 4,696 3,078 2,369 7,311 n/m
Per share, $
Per share, $ Revenue 13.21 16.35 23.40 25.83 19.39 27.76 39.55 26.04 24.15 22.14 24.00 +5.9%
Earnings (0.75) 1.71 5.40 (1.22) (17.06) 1.62 13.41 4.22 2.59 1.65 6.59 n/m
Cash flow 4.43 6.35 10.07 9.11 4.31 11.16 18.15 13.84 12.55 10.80 11.01 +10.4%
Capex (3.56) (4.70) (2.82) (0.28) (0.28) (1.33) (4.22) (5.90) (5.03) (4.25) (5.30) +2.0%
Free cash flow 0.87 1.65 7.24 8.83 4.03 9.83 13.92 7.94 7.51 6.54 5.71 +25.1%
Book value 28.14 26.89 28.00 42.29 20.22 21.74 32.48 34.13 37.82 37.52 42.50 +3.2%
Shares, m 764 765 762 810 919 935 926 889 912 976 987 +2.8%
Valuation, ×
Valuation, × P/E 0.00 43.26 11.37 0.00 0.00 17.90 4.57 14.23 18.86 24.48 8.57 13.5
P/S 5.47 4.53 2.62 1.60 0.89 1.04 1.54 2.31 1.69 1.86 2.35 2.4
P/B 2.57 2.75 2.19 1.36 1.80 2.57 2.78 2.42 1.72 1.42 1.65 2.2
EV/Sales 6.42 5.18 3.03 3.27 2.80 2.08 2.06 3.10 2.58 2.80 2.75 3.3
EV/FCF 97.13 51.31 9.79 9.57 13.49 5.87 5.85 10.16 10.08 9.48 11.57 22.3
Cash, $m
Cash, $m Operating cash flow 3,384 4,861 7,669 7,375 3,955 10,434 16,810 12,308 11,439 10,532 10,976 +13.4%
Capex (2,717) (3,599) (2,151) (224) (254) (1,246) (3,913) (5,249) (4,590) (4,149) (5,284) +4.8%
Free cash flow 667 1,262 5,518 7,151 3,701 9,188 12,897 7,059 6,849 6,383 5,692 +28.5%
Balance, $m
Balance, $m Working capital 2,066 870 2,520 1,928 596 1,887 1,129 (773) (451) (601) 3,240 n/m
Net debt 7,586 8,156 7,284 35,071 34,007 26,853 18,851 18,312 23,992 20,428 9,593 +11.6%
Shareholders’ equity 21,497 20,572 21,330 34,232 18,573 20,327 30,085 30,349 34,480 36,598 42,381 +6.1%
Returns, %
Returns, % ROA (1.33) 3.07 9.62 (1.30) (16.74) 1.96 16.83 5.12 2.97 1.90 7.93 +3.2 pt
ROIC (3.96) 2.89 12.25 0.11 (18.17) 4.75 17.63 5.99 4.30 3.43 6.85 +7.4 pt
ROE (2.50) 6.20 19.72 (4.30) (94.20) 15.71 80.46 17.69 9.80 5.92 21.08 +8.4 pt
People
People Employees 11,000 11,000 11,000 14,400 11,800 11,678 11,973 12,570 13,323 10,412 — (0.6%)
Revenue/emp, $m 0.92 1.14 1.62 1.45 1.51 2.22 3.06 1.84 1.65 2.07 — +9.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Business profile

Updated

Occidental Petroleum is an international energy company founded in 1920 and headquartered in Houston. Vicki Hollub is President and Chief Executive Officer. The company produces crude oil, natural gas liquids (NGL) and natural gas. NGL are hydrocarbon liquids produced alongside oil or natural gas, while natural gas is sold for uses including power generation, heating and industrial activity.

Its oil and gas operations are concentrated in the United States, the Middle East and North Africa. In the United States, it operates in Texas, New Mexico and Colorado, and offshore in the Gulf of America. International operations are primarily in Algeria, Oman, Qatar and the UAE. The company holds leading positions in the Permian and DJ Basins, operates offshore in the Gulf of America, and is the largest independent oil producer in Oman.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Oil and gas segment 20,902 96.80%
Midstream and marketing 1,255 5.81%
Gross margin 69.82%
Operating margin 14.49%
Pre-tax margin 14.49%

Revenue by segment since 2008

Occidental Petroleum Corporation vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
COP ConocoPhillips $162.7B 18.1× 13.4× +32.44% (above 0%: growing) +107.05% (above 0%: growing) +407.29% (above 0%: growing) 65.23% 32.47% Compare
EOG EOG Resources, Inc. $76.0B 9.3× 9.2× +46.21% (above 0%: growing) +97.43% (above 0%: growing) +162.42% (above 0%: growing) 100.00% 41.95% Compare
OXY Occidental Petroleum Corporation $56.3B 8.6× 7.0× +53.39% (above 0%: growing) +937.04% (above 0%: growing) +92.71% (above 0%: growing) 80.41% 50.90%
FANG Diamondback Energy, Inc. $50.2B 22.7× 11.1× +38.40% (above 0%: growing) +80.23% (above 0%: growing) −12.17% (below 0%: shrinking) 87.22% 46.03% Compare
DVN Devon Energy Corporation $47.2B 10.2× 9.6× +73.13% (above 0%: growing) +43.66% (above 0%: growing) −130.16% (below 0%: shrinking) 81.22% 32.14% Compare
WDS Woodside Energy Group Ltd $40.7B 3.3× 12.0× +196.99% (above 0%: growing) +178.60% (above 0%: growing) −173.74% (below 0%: shrinking) 42.87% 0.00% Compare
EQT EQT Corporation $31.7B 12.0× 14.3× −9.61% (below 0%: shrinking) −16.67% (below 0%: shrinking) +12.15% (above 0%: growing) 73.39% 25.95% Compare
EXE Expand Energy Corporation $19.7B 7.4× 7.9× +10.79% (above 0%: growing) −2.61% (below 0%: shrinking) +2.49% (above 0%: growing) 74.25% 19.48% Compare
TPL Texas Pacific Land Corporation $18.8B 32.3× 35.9× +34.62% (above 0%: growing) +38.33% (above 0%: growing) +83.99% (above 0%: growing) 100.00% 76.00% Compare
Median of peers $43.9B 11.1× 11.6× +36.51% +61.95% +7.32% 77.74% 32.31%

All 74 Oil & Gas E&P stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Goldman Sachs Nov 4, 2026 Target raised Buy 76.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 83.26%
Held by the ten largest 60.22%
Holder Shares Stake Change
Berkshire Hathaway 264.94m 26.50% 0.00
Vanguard 95.34m 9.54% +4.28m
Dodge & Cox 72.76m 7.28% −1.32m
BlackRock 55.86m 5.59% +3.22m
State Street 46.14m 4.62% +2.87m
Geode Capital Management 19.90m 1.99% +531.84k
Invesco 12.75m 1.27% +5.18m
Morgan Stanley 12.24m 1.22% +1.26m
AQR Capital Management 11.43m 1.14% +2.74m
BNY 10.64m 1.06% +4.88m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 19 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 18.06m 11.32m 252.00
2024 18.54m 4.28m 296.00
2023 17.74m 15.01m 353.00
2022 14.97m 59.22m 367.00
2021 11.07m 25.21m 168.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Occidental Petroleum Corporation (OXY) Latest News

4 Nov

Impact 3 · · Barchart

29 Oct

Impact 3 · · Zacks

27 Oct

Impact 3 · · Barchart

24 Oct

Impact 4 · · The Motley Fool

23 Oct

Impact 4 · · Zacks
Impact 3 · · 24/7 Wall St.

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · Zacks

16 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Trefis
Impact 3 · · Trefis

13 Oct

Impact 3 · · Trefis

12 Oct

Impact 4 · · Trefis
Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

6 Oct

Impact 3 · · Insider Monkey

5 Oct

Impact 4 · · The Motley Fool

2 Oct

Impact 3 · · 24/7 Wall St.

1 Oct

Impact 3 · · StockStory

30 Sep

Impact 3 · · Insider Monkey

29 Sep

Impact 3 · · Trefis
Impact 3 · · Zacks
Impact 3 · · The Motley Fool

28 Sep

Impact 3 · · Zacks
Impact 3 · · Zacks

25 Sep

Impact 4 · · Trefis

21 Sep

Impact 3 · · TIKR

OXY metrics, ten years each

stockrow.com/OXY · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com