ConocoPhillips (COP) vs Occidental Petroleum Corporation (OXY)

ConocoPhillips and Occidental Petroleum Corporation are both Oil & Gas E&P companies. ConocoPhillips is the larger, with a market value of $154.0B against $57.7B — 2.7× the size. Occidental Petroleum Corporation trades at the lower P/E: 8.6× against 16.8×. Occidental Petroleum Corporation grew revenue faster over the last twelve months: 18.5% against 8.48%. Occidental Petroleum Corporation has the higher net margin (27.3% vs 14.2%) and the lower return on invested capital (6.85% vs 12.2%). Both pay a dividend; ConocoPhillips yields more (2.63% vs 1.18%). Across the 22 metrics below, Occidental Petroleum Corporation leads on 14 and ConocoPhillips on 8.

Valuation

Metric COP OXY Oil & Gas E&P median
P/E 16.84 8.63 10.57
P/S 2.37 2.37 1.80
P/B 2.36 1.66 1.27
Price to free cash flow 12.70 9.97 9.99
EV/EBITDA 6.08 4.55 5.08
EV/Sales 2.61 2.77 2.39
Earnings yield 5.94% 11.58% 6.06%
Free cash flow yield 7.87% 10.03% 6.17%

Profitability

Metric COP OXY Oil & Gas E&P median
Gross margin 62.56% 73.32% 80.41%
Operating margin 24.14% 29.32% 21.39%
Net margin 14.17% 27.30% 14.17%
Free cash flow margin 18.63% 23.79% 9.71%
Return on equity 14.13% 21.08% 10.05%
Return on assets 7.50% 7.93% 5.81%
Return on invested capital 12.17% 6.85% 6.32%

Growth

Metric COP OXY Oil & Gas E&P median
Revenue growth (TTM) 8.48% 18.51% 9.94%
EPS growth (last fiscal year) (18.69%) (34.02%) —
Revenue growth, 5-year CAGR 26.16% 3.93% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COP OXY Oil & Gas E&P median
Debt to equity 0.36 0.32 0.28
Current ratio 1.54 1.41 0.96
Net debt to EBITDA 0.64 1.71 0.91

Dividend

Metric COP OXY Oil & Gas E&P median
Dividend yield 2.63% 1.18% 4.93%
Payout ratio 0.37 0.10 0.07

Size

Metric COP OXY Oil & Gas E&P median
Market cap 153.96b 57.72b 923.59m

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