Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2025, the company reported net proved reserves of 4.6 billion barrels of oil equivalent.
It is a $60.1B energy company. Revenue shrank 20.2% over the last year, it keeps 34¢ of every dollar of sales as profit, and its net debt equals ~3.8 years of free cash flow. It trades at 8.3× earnings — in the cheapest third of its own history.
- Website
- oxy.com
- Location
- Houston, TX
- Employees
- 10 412
- Sector
- Energy
- Founded
- 1920
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and profitability; Growth lags behind.
Valuation90
- P/E vs own history30th pct · 20/25
- FCF yield8.8% · 25/25
- P/S2.8x · 20/25
- EV/EBITDA5.4x · 25/25
Growth6
- Revenue CAGR-4.5% · 0/25
- Net income CAGR0.5% · 6/25
- EPS CAGR ~5Y-13.4% · 0/25
- Fwd implied growth-29.5% · 0/25
Profitability75
- ROIC4.2% · 5/25
- ROE19.0% · 20/25
- Net margin33.7% · 25/25
- Operating margin26.1% · 25/25
Health52
- Altman Z1.90 · 10/25
- Current ratio1.41 · 12/25
- Interest coverage7.0x · 18/25
- Net cash / debtD/A 24% · 12/25
Quality55
- Piotroski F5/9 · 15/25
- Beneish M-2.64 · 25/25
- FCF conversion73% · 15/25
- Margin stabilityσ 40.4% · 0/25
Moat56
- ROIC >12% years4/10 yrs · 6/25
- Median gross margin86.5% · 25/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst -83.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2024AcquisitionThe company acquired CrownRock, a Permian producer, for $12.4 billion
- 2023AcquisitionOccidental acquired Carbon Engineering, a direct air capture technology company, for $1.1 billion
- FY2022FinancialBest year on record$13.3B net income
- 2019AcquisitionOccidental acquired Anadarko Petroleum for $57 billion, making the deal the world's fourth biggest…
- FY2017FinancialTurned profitable$1.31B net income after a loss year
- FY2016FinancialRevenue already above $10B$10.1B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2016MilestoneVicki Hollub, who had worked at Occidental since 1981 and joined the board in 2015, became the chief…
- 2010AcquisitionOccidental acquired shale oil properties in the Williston Basin in North Dakota for $1.4 billion
- 2005ProductOccidental and its partner, Liwa, won 9 out of 15 exploration spots on the EPSA-4 auction, making both…
- 2005AcquisitionThe company acquired Vintage Petroleum for $3.8 billion
- 1988AcquisitionThe company acquired Cain Chemical for $2 billion
- 1981AcquisitionOccidental acquired IBP, Inc., one of largest producers of beef and pork products in the United States
- 1920FoundedOccidental Petroleum was founded in Los Angeles, California, in 1920
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (77.8%)
- Strongly profitable — 33.7% net margin
- Strong cash conversion — FCF is 24.5% of revenue
- Could repay net debt from ~2.0 years of free cash flow
- Interest covered 7.0× by operating earnings
Watch-outs
- Revenue shrinking 20.2% year over year
- Loss-making in 3 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-20.2% YoY
- Profitable — makes more than it spends$7.31B TTM
- Profit growing — earnings are higher than last year-44.0% YoY
- Generates cash — cash left after running and investing$5.31B TTM
- Debt under control — could handle its obligations~3.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$60.1B market cap
- Not printing shares — share count not ballooning — you keep your slice+52.7% shares over ~5y
- Proven track record — years of profitability behind it7/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.9 — grey
- Pays a dividend — returns cash to shareholdersyield 2.75%
- Valuation not extreme — price not wildly above earningsP/E 8.3
Peer comparisonOccidental Petroleum Corporation vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| OXY this company | $60.1B | 8.3 | -20.2% | 33.7% | Mixed |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
Head-to-head: OXY vs XOM · OXY vs CVX · OXY vs SHEL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/OXY
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Deeper analysis of OXY on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $60.15 · market cap $60.1B.