Occidental Petroleum (OXY)
Energy · $57.1B market cap · SEC CIK 0000797468
$56.31
▼-1.64% on the day
close of Sep 22, 2026
68
Screens well
fundamentals score out of 100
fundamentals score out of 100
Next reports on Nov 9, 2026, after the close, with analysts expecting $1.32 in earnings per share.
The case for OXY
- Cheap on earnings at 7.9×, well under the market's usual 20×.
- Generated $4.1B of free cash flow in FY2025, 19% of revenue.
- 33% of revenue drops through to net profit.
- Free cash flow of 7.2% of its market value a year: a lot of cash for the price.
- Earnings per share up 195.8%.
- Trades at 1.16× book value, close to what the balance sheet says it owns.
The case against
- Long-term debt of $20.6B against $2.0B of cash.
- Revenue grew only 1.5%, roughly the pace of inflation.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Energy companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 84 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 39 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 83 |
| Momentumhow the price has behaved lately | 69 |
| Stabilityhow violently it moves, what it owes and what it pays you | 62 |
- Each factor except momentum is half fixed thresholds, half rank among the 21 Energy companies.
Key numbers
| Price / earnings | 7.9× |
|---|---|
| Price / book | 1.16× |
| Price / sales | 2.6× |
| Revenue growth (YoY) | +1.5% |
| EPS growth (YoY) | +195.8% |
| Gross margin | 78% |
| Operating margin | 26% |
| Net margin | 33% |
| Return on equity | 19% |
| Debt / equity | 0.33× |
| Current ratio | 1.41 |
| Dividend yield | 1.20% |
| Beta | 0.20 |
| 52-week range | $38.80 – $67.45 |
| Position in that range | 61% of the way up |
| 3-month return | +10.5% |
| 1-year return | +24.2% |
Five years of financials, as filed
Pulled from Occidental Petroleum's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $21.6B | $22.7B | $23.2B | $36.2B | $26.0B |
| Net income | — | — | $4.7B | $13.3B | $2.3B |
| Operating cash flow | $10.5B | $11.4B | $12.3B | $16.8B | $10.4B |
| Capital expenditure | $6.4B | $6.3B | $5.7B | $4.5B | $2.9B |
| Total assets | $84.2B | $85.4B | $74.0B | $72.6B | $75.0B |
| Shareholder equity | $36.0B | $34.2B | $30.3B | $30.1B | $20.3B |
| Cash | $2.0B | $2.1B | $1.4B | $984M | $2.8B |
| Long-term debt | $20.6B | $25.0B | $18.5B | $19.7B | $29.4B |
| Free cash flow | $4.1B | $5.2B | $6.6B | $12.3B | $7.6B |
| Net margin | — | — | 20.2% | 36.7% | 8.9% |
| Diluted shares | 1.0B | 967M | 961M | 1.0B | 959M |
Share count is up 4.3% over 4 years. Mild issuance.
Risk factors OXY lists in its 10-K
- Volatile global and local commodity pricing strongly affects the Company’s results of operations
- Anadarko’s Tronox settlement may not be deductible for income tax purposes and the Company may be required to repay the tax refund Anadarko received in 2016 related to the deduction of the Tronox settlement payment
- The Company’s indebtedness could limit financial flexibility and increase vulnerability to adverse conditions
- Government actions, regulatory changes and political, economic and social instability may adversely affect the Company’s operations and results of operations
- The Company may be adversely affected by claims, litigation, government investigations and other proceedings
- The Company is subject to operational hazards and catastrophic events
- Health, safety and environmental laws and regulations and climate-related policies could have a material adverse effect on the Company’s financial condition, results of operations and cash flows
- The Company’s carbon management and sustainability initiatives and strategic objectives involve significant risks and uncertainties
- The Company operates in highly competitive environments and may not be able to source production or replace reserves
- The Company’s oil and gas reserves and other significant financial statement items are estimates based on professional judgment and may be subject to revision
- The Company may experience delays, cost overruns, losses or unrealized expectations in development efforts and exploration activities
- The Company’s operations could be adversely affected if it is unable to source water or sand or dispose of surplus fluids
- EOR operations may decline if it is unable to obtain sufficient amounts of CO
- Acquisitions, divestitures and other transactions may cause financial results to differ from the Company’s or investors’ expectations, may not deliver anticipated benefits and could disrupt current operations