Occidental Petroleum Corp (OXY)
Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component
$62.38
▲ +1.71 (2.82%)
Fair valueOvervalued
$31 −50.4% to fair value
$15fair band $19–$43$46
Day's range
$60.75 – $62.51
52-week range
$38.26 – $66.83
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 35 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $38.26 – $66.83Volume 11,598,300Daily, split-adjusted
Vitals
Market cap$63.1B
52-week range$38.26 – $66.83
Volume (last day)11,598,300
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 like Apple). 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
$31model spread $31 – $31
Overvalued
−50.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $62
Undervalued < $19Fair $19 – $43Overvalued > $43
10-year DCF (market-scaled)
$-6
Peer multiples
$23
Earnings power floor (not blended)
$-4
Fundamentals-adjusted multiple
$39
Growth the price implies
48.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. 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
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.
Valuation
Weak
42/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.3%
Free-cash-flow yield7.6%
Fair value vs price0.5×
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
APA APA Corp69 EXE EXPAND ENERGY Corp68 EOG Eog Resources Inc66 COP Conocophillips59Other Oil & Gas Exploration & Production companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 5 Average · ● 8 BadCash 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 37/100.
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 · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 60.25 | Bullish |
| EMA 10 | 60.43 | Bullish |
| SMA 20 | 58.53 | Bullish |
| EMA 20 | 59.63 | Bullish |
| SMA 50 | 59.20 | Bullish |
| EMA 50 | 58.67 | Bullish |
| SMA 100 | 56.69 | Bullish |
| EMA 100 | 57.28 | Bullish |
| SMA 200 | 54.63 | Bullish |
| EMA 200 | 54.65 | Bullish |
Oscillators (daily)
| RSI (14) | 63.76 | Neutral |
| MACD (12, 26) | 0.79 | Bullish |
| Momentum (12) | 12.76 | Bullish |
| Stochastic %K (14) | 98.32 | Bearish |
| Williams %R (14) | -1.68 | Bearish |
| CCI (20) | 127.8 | Bearish |
Pivot points (classic, last session)
S3 59.49 | S2 60.12 | S1 61.25 | Pivot 61.88 | R1 63.01 | R2 63.64 | R3 64.77 |
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
1.67%
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.
OXY SEC filings
13 Oct 2026
8-KSEC EDGAR
Results of operations
5 Aug 2026
10-QSEC EDGAR
Quarterly report
5 Aug 2026
8-KSEC EDGAR
Results of operations
10 Jul 2026
8-KSEC EDGAR
Results of operations
5 May 2026
10-QSEC EDGAR
Quarterly report
5 May 2026
8-KSEC EDGAR
Results of operations
4 May 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
10 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.