Occidental Petroleum Corporation
- Open
- 49.26
- Day high
- 49.72
- Day low
- 48.56
- Prev close
- 49.09
- Volume
- 10.0M
- Mkt cap
- $48.3B
- P/E (TTM)
- 11.8
- EPS (TTM)
- $4.12
- P/B
- 1.2
- P/S
- 2.1
- Yield
- 2.06%
- Per share
- $1.00
- ▲Insiders net buying $250K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions mixed (13F)
Occidental Petroleum Corporation (OXY) is a Energy company listed on NYSE. The stock is up 13% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4). Drillr has 34 published research articles covering OXY.
Occidental Petroleum Corporation (OXY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OXY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.60 | $1.06 | +76.4% | $5.2B | -3.9% |
| Feb 18, 2026 | $0.16 | $0.31 | +88.0% | $5.0B | -9.7% |
| Aug 6, 2025 | $0.30 | $0.39 | +31.2% | $6.3B | -1.0% |
| May 7, 2025 | $0.78 | $0.87 | +11.1% | $6.8B | -0.3% |
| Feb 18, 2025 | $0.68 | $0.80 | +18.2% | $6.8B | -3.1% |
| Feb 14, 2024 | $0.67 | $0.74 | +10.0% | $7.2B | +3.5% |
| Aug 2, 2023 | $0.72 | $0.68 | -5.6% | $6.7B | -2.3% |
| Feb 27, 2023 | $1.80 | $1.61 | -10.6% | $8.2B | -3.7% |
| Aug 2, 2022 | $3.02 | $3.16 | +4.6% | $10.7B | +9.3% |
| Feb 24, 2022 | $1.10 | $1.48 | +34.5% | $7.9B | +10.0% |
| Nov 4, 2021 | $0.66 | $0.87 | +31.8% | $6.8B | +5.1% |
| Feb 22, 2021 | $-0.53 | $-0.78 | -47.2% | $4.2B | +47.5% |
OXY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 24, 2026 | Jackson Richard A.director, officer: President and CEO | Buy | 4,770 | $52.38 |
| Jun 3, 2026 | Hollub Vicki A.director | Grant | 3,183 | — |
| Jun 3, 2026 | Hollub Vicki A.director | Tax | 73,477 | $58.92 |
| Jun 3, 2026 | Jackson Richard A.director, officer: President and CEO | Grant | 101,833 | — |
| Jun 3, 2026 | Hollub Vicki A.director | Tax | 701 | $58.92 |
| May 6, 2026 | POLADIAN AVEDICK BARUYRdirector | Grant | 4,149 | — |
| May 6, 2026 | GUTIERREZ CARLOS Mdirector | Grant | 3,734 | — |
| May 6, 2026 | BAILEY VICKY Adirector | Tax | 1,223 | $60.27 |
| May 6, 2026 | MOORE JACK Bdirector | Grant | 6,720 | — |
| May 6, 2026 | MOORE JACK Bdirector | Tax | 1,479 | $60.27 |
| May 6, 2026 | GOULD ANDREWdirector | Grant | 4,978 | — |
| May 6, 2026 | BAILEY VICKY Adirector | Grant | 3,734 | — |
| May 6, 2026 | ONeill Clairedirector | Grant | 3,734 | — |
| May 6, 2026 | Robinson Kenneth B.director | Tax | 913 | $60.27 |
| May 6, 2026 | KLESSE WILLIAM Rdirector | Tax | 913 | $60.27 |
Source: OXY SEC Form 4 filings, latest Jun 24, 2026. For informational purposes only — not investment advice.
See the full OXY insider & 13F page →OXY research & analysis
Strait of Hormuz Oil Rally: XOM, CVX Gain While CAT and F Face Cost Hit
Trump's Iran speech faded ceasefire hopes, spiking oil on Hormuz fears and favoring XOM, CVX, OXY, COP via upstream leverage while CAT and F suffer cost/demand hits. Energy names show superior returns and margins; industrials lag on exposure.
XOMCVXCOPIran Airstrike Aftermath: Why XOM's Rally Is Stalling While LMT Keeps Climbing
US withdrawal from Iran ops hands Hormuz patrols to others, risking disruptions that funnel Asian demand to US exporters. Exxon and Chevron lead with scale and growth, while ConocoPhillips offers value; refiners like MPC and VLO gain indirectly. Ranked picks favor upstream giants amid barter trade shifts.
XOMCVXCOPOil Falls Below $100 on Iran De-Escalation — JPM and XOM Emerge as Top Winners
Trump's Iran de-escalation signals dropped Brent below $100, pressuring pure energy plays while boosting banks and integrated majors via stability and refining gains. JPM and XOM top the winners list with strong FCF and low multiples; OXY lags as upstream exposure bites. Investors should favor diversified resilience over high-beta oil bets.
JPMBACXOMOil Supply Shock: Why XOM and COP Win While CAT and F Face a Cost Squeeze
Javier Blas' alert on oil supply risks spotlights winners like COP and XOM, with superior margins and growth, versus losers F and CAT facing cost squeezes. Ranked conviction favors pure-play producers at attractive valuations amid looming price surge.
XOMCVXCOP$140 Oil Stalls Stock Rally: OXY, XOM Win as AAL, DAL Bleed
Sustained $140+ oil per Bloomberg's April 2 report stalls stocks, favoring XOM, CVX, OXY, SLB via higher realizations while crushing AAL and DAL on fuel costs. Energy winners show robust margins and FCF; airlines face EPS erosion. Ranked: OXY > XOM > CVX > SLB > DAL > AAL.
XOMCVXSLBOil Hits $150 on Hormuz Crisis — XOM and CVX Lead as Asia Pivots to US Supply
Hormuz crisis spikes oil to $150/bbl, boosting US exporters as Asia pivots via barter. XOM and CVX lead with integrated Asia exposure; COP/OXY follow on upstream strength. Refiners MPC/VLO gain margins but rank lower.
XOMCVXCOPOil Hits $150 on Hormuz Crisis: OXY, SLB Surge While AAL and DAL Face Margin Collapse
Hormuz crisis spikes oil to $150/bbl, boosting XOM, CVX, OXY, SLB via upstream cash flows while unhedged AAL and DAL face margin squeezes. OXY leads winners on Permian leverage; airlines trail on fuel exposure.
XOMCVXSLBHormuz Crisis Sends Oil to $150: XOM, OXY Win Big as CAT and Ford Take the Hit
The April 7 Hormuz crisis spiked oil to $150/bbl, boosting energy producers XOM, CVX, OXY, and COP via upstream leverage while pressuring CAT and F with input costs. OXY leads conviction for its high-beta exposure; industrials lag. Watch geopolitics and inventories for sustainability.
XOMCVXCOPHormuz Shipping at Risk After UN Veto — XOM, CVX, OXY Primed as Oil Spikes
China and Russia's veto of a UN resolution protecting Strait of Hormuz shipping heightens risks to 20% of global oil flows, potentially boosting prices and favoring XOM, CVX, and OXY amid strong financials and low leverage. Logistics firms like UPS and FDX face headwinds from higher costs, while the market's muted reaction leaves room for catch-up rallies.
XOMCVXUPSHormuz De-Escalation Slides Brent: Why JPM and XOM Beat OXY Right Now
Pakistan's April 7 call for Hormuz opening slid Brent, favoring integrated oils (XOM, CVX) via refining and banks (JPM, BAC) via stability over upstream (OXY). JPM tops conviction on cheap P/E and growth.
XOMCVXJPMBrent Crude Slides on Hormuz News: OXY Ranked Top Loser, F Top Winner
Pakistan's April 7, 2026, plea to open the Strait of Hormuz triggered a Brent slide, pressuring energy stocks like OXY and SLB while aiding Ford and Walmart via cheaper gas. Analysis ranks OXY as top loser and F as prime winner based on TTM metrics and guidance.
XOMCVXSLBBrent Above $120 Despite Ceasefire: XOM, CVX, COP Lead as Asia Pivots to US Oil
Despite a US-Iran ceasefire, Middle East disruptions keep Brent above $120/bbl, spurring Asian buyers to US exporters via barter shifts. ExxonMobil, ConocoPhillips, and Chevron top the ranked list for their scale, growth, and LNG exposure. Refiners like MPC and VLO provide value amid high cracks.
XOMCVXCOPOil Drops Below $100 on Iran Ceasefire Talks — What It Means for XOM, CVX, OXY
A UN envoy's April 8 arrival in Iran to end the conflict sent oil below $100, reversing gains for XOM, CVX, OXY, and COP after weeks of supply fears. Strong balance sheets and production ramps provide downside protection, while LMT's defense backlog benefits from uncertainty. Markets eye diplomatic breakthroughs for broader relief.
XOMCVXCOPXLE Holds Strong as Iran Ceasefire Stalls — Can Oil Stay Above $110?
Trump's failed Iran ceasefire proposal highlights MAGA divisions, sustaining oil above $110 and XLE's strong YTD gains. Majors like XOM and CVX show resilient FCF amid risks flagged in filings. Bullish on prolonged tensions driving sector upside, with key catalysts ahead.
XLEXOMCVX
Occidental Petroleum Corporation company profile
Overview
Occidental Petroleum Corporation (NYSE:OXY) is a major American energy company founded in 1920 and headquartered in Houston, Texas. The company has evolved from its origins as a small California oil producer into one of the largest independent oil and gas companies in the United States. Through strategic acquisitions and organic growth, Occidental has built a diversified energy portfolio spanning oil and gas exploration and production, chemical manufacturing, and midstream operations across the United States, Middle East, Africa, and Latin America. The company has positioned itself as a leader in both traditional hydrocarbon production and emerging low-carbon technologies, particularly direct air capture for carbon dioxide removal.
Business
Occidental operates as an integrated energy company through three primary business segments that collectively generate its revenue streams. The Oil and Gas segment represents the company's core business, accounting for the majority of revenues. This division explores for, develops, and produces crude oil, natural gas liquids (NGLs), and natural gas from both conventional and unconventional resources. The company's primary focus is on the Permian Basin in West Texas, which has become one of the most prolific shale oil regions in North America. Occidental also operates significant conventional oil and gas assets in the Gulf of Mexico, international operations in Oman, Algeria, and the United Arab Emirates. The segment produced approximately 1.39 million barrels of oil equivalent (BOE) per day as of recent quarters, with oil production representing the largest component of this output. The Chemical segment (OxyChem) manufactures and markets basic chemicals and specialty products. This division produces chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, and vinyl products including polyvinyl chloride (PVC). These chemicals serve as essential inputs for various industries including water treatment, pharmaceuticals, construction materials, and consumer goods. The chemical business provides important diversification and typically generates steady cash flows that are less volatile than oil and gas operations, contributing approximately 10-15% of total company revenues. The Midstream and Marketing segment handles the gathering, processing, transportation, storage, and marketing of oil, natural gas, and related products. This division also trades around the company's transportation and storage assets, optimizing the value chain from wellhead to market. The midstream operations include CO2 enhanced oil recovery projects, where carbon dioxide is injected into mature oil fields to increase production while simultaneously storing carbon underground.
Revenue model
Occidental generates revenue primarily through the sale of commodities and chemical products, making it heavily dependent on global commodity price cycles. The Oil and Gas segment sells crude oil, natural gas, and natural gas liquids at prevailing market prices, with revenues directly tied to production volumes and commodity price realizations. The company's Permian Basin operations focus on light, sweet crude oil that typically commands premium pricing relative to heavier crude grades. The Chemical segment operates on a manufacturing model, purchasing raw materials and converting them into higher-value chemical products sold to industrial customers under both contract and spot market arrangements. This business benefits from integrated feedstock advantages and typically maintains more stable margins than the oil and gas operations. The Midstream segment generates revenues through processing fees, transportation tariffs, storage charges, and trading margins. This division also captures value through gas marketing optimization and CO2 enhanced oil recovery projects. Several factors significantly impact Occidental's profitability margins. Commodity price volatility represents the primary external driver, with oil and gas prices influenced by global supply-demand dynamics, geopolitical events, OPEC decisions, and macroeconomic conditions. Operational efficiency improvements through drilling technology advances, completion optimization, and cost reduction initiatives directly enhance margins. The company has achieved notable success in reducing well costs and improving drilling efficiency in the Permian Basin. Refining capacity utilization and chemical demand cycles affect the Chemical segment, with margins influenced by feedstock costs and end-market demand. Regulatory changes regarding environmental standards, carbon pricing, and energy policy create both challenges and opportunities, particularly as Occidental positions itself in the emerging low-carbon economy through direct air capture technology investments.
Competitive moat
Occidental's competitive moat is moderate and primarily derived from its operational scale, technical expertise, and strategic asset positioning rather than from insurmountable barriers to entry. The company's strongest competitive advantages lie in its premier acreage position in the Permian Basin, where it has assembled large, contiguous blocks of high-quality drilling locations that provide decades of development runway. This geographic concentration enables operational efficiencies, shared infrastructure, and economies of scale that smaller competitors cannot easily replicate. The company's technical capabilities in enhanced oil recovery, particularly CO2 flooding operations, represent specialized knowledge accumulated over decades that creates competitive advantages in extracting additional value from mature fields. Occidental's expertise in carbon management and sequestration has positioned it uniquely for the emerging carbon capture and storage market. However, the company's moat faces significant challenges. The oil and gas industry is inherently commoditized, with limited pricing power and high capital intensity. Technological disruption from renewable energy sources, electric vehicles, and energy storage threatens long-term hydrocarbon demand. Regulatory pressures regarding carbon emissions and environmental impact create ongoing compliance costs and potential stranded asset risks. Capital market access for fossil fuel companies has become increasingly constrained as ESG considerations influence investment decisions. The company's investment in direct air capture technology represents an attempt to build new competitive advantages in the low-carbon economy, but this technology remains unproven at commercial scale and faces competition from other carbon removal approaches. While Occidental's integrated approach combining traditional energy operations with carbon management creates potential synergies, the ultimate success of this strategy depends on policy support, carbon pricing mechanisms, and technological advancement that remain uncertain.
Risks & safety
Occidental presents a moderate margin of safety profile with manageable near-term financial risks but exposure to commodity price volatility. **Debt and Liquidity Position:** - Total debt of approximately $25-27 billion with debt-to-equity ratio of 0.75-0.79 - Strong debt reduction progress, retiring $4.5 billion in 2024 and targeting $15 billion medium-term debt level - Adequate liquidity with $2.1-2.6 billion cash plus undrawn credit facilities - No significant near-term debt maturities creating refinancing pressure **Cash Flow Generation:** - Strong free cash flow generation of $4.4 billion in 2024 and $240 million in Q1 2025 - Operating cash flow of $11.4 billion annually demonstrates cash generation capability - Capital discipline with $7.0-7.2 billion annual capex guidance providing flexibility **Valuation Metrics:** - Forward P/E ratio of approximately 12-14x appears reasonable for energy sector - EV/EBITDA of 4.9-5.6x suggests modest valuation relative to cash flow generation - Price-to-book ratio of 1.3-1.4x indicates trading near tangible book value **Risk Considerations:** - High sensitivity to oil price fluctuations with breakeven economics requiring $40-50 WTI - Current ratio near 1.0 indicates tight working capital management - Significant capital commitments to low-carbon ventures with uncertain returns
Recent development
Over the past several years, Occidental has executed a comprehensive strategic transformation focused on portfolio optimization, debt reduction, and positioning for the energy transition. The company completed its $12 billion acquisition of CrownRock in 2024, significantly expanding its Permian Basin footprint and adding high-quality drilling inventory. This acquisition increased total production to approximately 1.46 million BOE per day and enhanced the company's position as a leading Permian operator. The company has aggressively pursued debt reduction, repaying over $10 billion in debt since 2022 and targeting a medium-term debt level of $15 billion. This deleveraging effort has strengthened the balance sheet and reduced financial risk while maintaining operational flexibility. Occidental's most significant strategic pivot involves its investment in low-carbon technologies, particularly direct air capture (DAC). The company is constructing the STRATOS facility in Texas, which will be one of the world's largest commercial DAC plants with initial capacity of 250,000 tons of CO2 per year. The project received up to $500 million in Department of Energy grants and represents the company's commitment to becoming a leader in carbon management technologies. Management expects the facility to begin operations in mid-2025. The company has also focused on operational efficiency improvements, achieving over 10% reductions in Permian well costs and 15% improvements in drilling duration. These efficiency gains, combined with technology advances in completion techniques and secondary bench development, have enhanced returns on invested capital. Recent quarters have shown strong performance across all business segments, with the Chemical division (OxyChem) delivering consistent earnings despite challenging market conditions, and the Midstream segment significantly outperforming guidance through gas marketing optimization and operational excellence.
OXY company profile · for informational purposes only — not investment advice.
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