Energy · Oil & Gas Exploration & Production · US stock · price as of 16 Oct 2026
Key indicators
Price
$62.38
52-week range
$38.26 – $66.83
Market cap
$63.1B
P/E (trailing)
8.6×
EV / EBITDA
5.7×
Free-cash-flow yield
7.6%
Dividend yield
1.7%
Revenue (last 12 months)
$22.0B
Revenue growth (3y a year)
−16.2%
Operating margin
24.4%
Return on invested capital
7.7%
Net debt / EBITDA
0.8×
Fair value
Blended fair value$30.94 range $31 – $31
Versus priceOvervalued−50% to fair value
Peer multiples
$22.58
Fundamentals-adjusted multiple
$39.29
10-year DCF (market-scaled)
n/m
Earnings power value (floor, not blended)
n/m
Model uncertainty
High
X-Ray Score
35/ 100 · High confidence · ahead of 5% of sector peers
Valuation42
Growth9
Profitability31
Financial health47
Dividends57
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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%.
StocksXray gives Occidental Petroleum Corp an X-Ray Score of 35 out of 100 (high confidence), ahead of 5% of the S&P 500 stocks in its sector. Its strongest lens is dividends (57) and its weakest is growth (9).
Our fair value blend is $30.94 (range $30.94 to $30.94). At $62.38 the stock trades 102% above that blend, so the label is "Overvalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Occidental Petroleum Corp (OXY)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$26.98
$59.11
$56.70
$47.68
$40.55
$62.38
Market cap
$25.9B
$59.2B
$54.5B
$46.1B
$40.6B
$63.1B
P/E
17.1×
4.8×
14.5×
19.5×
25.2×
8.6×
EV / revenue
2.0×
2.1×
3.1×
3.1×
2.9×
3.3×
EV / EBITDA
4.3×
3.7×
6.6×
6.4×
5.8×
5.8×
Price / free cash flow
3.4×
4.8×
8.2×
8.9×
9.9×
13.2×
Free-cash-flow yield
29.2%
20.8%
12.1%
11.2%
10.1%
7.6%
Price / book
1.3×
2.0×
1.8×
1.3×
1.1×
1.5×
Dividend yield
0.15%
0.88%
1.27%
1.85%
2.37%
1.67%
Fundamentals checklist ● 2 Good · ● 5 Average · ● 8 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.6%Bad
Free-cash-flow yield7.6%Average
Risk models
Altman Z score3.0×Average
Piotroski F-Score4 of 9Bad
Growth
EPS growth (3y)−49.4%Bad
Free-cash-flow growth (3y)−30.7%Bad
Revenue growth (3y)−16.2%Bad
Growth consistency30%Bad
Balance sheet
Current ratio1.4×Good
Net debt / EBITDA0.8×Average
Interest coverno interest costGood
Valuation
Fair value vs price0.5×Bad
EBIT / EV yield7.3%Average
Profitability
Return on invested capital7.7%Bad
Operating margin24.4%Average
XStocksXray
Occidental Petroleum Corp (OXY)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
25,959
36,634
23,230
22,710
21,593
21,998
Gross profit
23,187
33,361
20,114
19,589
–
–
Operating income
3,705
14,117
4,662
4,024
3,128
5,363
Net income
2,322
13,304
4,696
3,078
2,369
7,311
Diluted EPS ($)
1.58
12.40
3.90
2.44
1.61
7.27
Free cash flow
7,564
12,313
6,612
5,176
4,105
4,793
Gross margin
89.3%
91.1%
86.6%
86.3%
–
–
Operating margin
14.3%
38.5%
20.1%
17.7%
14.5%
24.4%
Net margin
8.9%
36.3%
20.2%
13.6%
11.0%
33.2%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
75,036
72,609
74,008
85,445
84,186
80,358
Cash
2,764
984
1,426
2,125
1,968
4,150
Total debt
29,617
19,835
19,738
26,116
22,396
13,743
Equity
20,327
30,085
30,250
34,159
36,034
41,746
Dividend per share ($)
0.04
0.52
0.72
0.88
0.96
1.00
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.