Occidental Petroleum Corporation (OXY) vs Texas Pacific Land Corporation (TPL)

Occidental Petroleum Corporation and Texas Pacific Land Corporation are both Oil & Gas E&P companies. Occidental Petroleum Corporation is the larger, with a market value of $57.7B against $23.3B — 2.5× the size. Occidental Petroleum Corporation trades at the lower P/E: 8.6× against 43.5×. Texas Pacific Land Corporation grew revenue faster over the last twelve months: 20.8% against 18.5%. Texas Pacific Land Corporation has the higher net margin (60.3% vs 27.3%) and the higher return on invested capital (29.5% vs 6.85%). Both pay a dividend; Occidental Petroleum Corporation yields more (1.18% vs 0.88%). Across the 23 metrics below, Texas Pacific Land Corporation leads on 14 and Occidental Petroleum Corporation on 9.

Valuation

Metric OXY TPL Oil & Gas E&P median
P/E 8.63 43.47 10.57
P/S 2.37 26.21 1.80
P/B 1.66 14.07 1.27
Price to free cash flow 9.97 61.09 9.99
EV/EBITDA 4.55 31.44 5.08
EV/Sales 2.77 25.93 2.39
Earnings yield 11.58% 2.30% 6.06%
Free cash flow yield 10.03% 1.64% 6.17%

Profitability

Metric OXY TPL Oil & Gas E&P median
Gross margin 73.32% 100.00% 80.41%
Operating margin 29.32% 74.92% 21.39%
Net margin 27.30% 60.32% 14.17%
Free cash flow margin 23.79% 42.90% 9.71%
Return on equity 21.08% 36.57% 10.05%
Return on assets 7.93% 33.17% 5.81%
Return on invested capital 6.85% 29.52% 6.32%

Growth

Metric OXY TPL Oil & Gas E&P median
Revenue growth (TTM) 18.51% 20.82% 9.94%
EPS growth (last fiscal year) (34.02%) 6.04% —
Revenue growth, 5-year CAGR 3.93% 21.41% 18.67%
Net income growth, 5-year CAGR 0.00% 22.28% 0.00%

Health

Metric OXY TPL Oil & Gas E&P median
Debt to equity 0.32 0.00 0.28
Current ratio 1.41 10.86 0.96
Net debt to EBITDA 1.71 (0.22) 0.91

Dividend

Metric OXY TPL Oil & Gas E&P median
Dividend yield 1.18% 0.88% 4.93%
Payout ratio 0.10 0.23 0.07

Size

Metric OXY TPL Oil & Gas E&P median
Market cap 57.72b 23.28b 923.59m

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