Occidental Petroleum Corporation
- Open
- 54.54
- Day high
- 55.17
- Day low
- 54.01
- Prev close
- 53.65
- Volume
- 7.8M
- Mkt cap
- $54.6B
- P/E (TTM)
- 13.3
- EPS (TTM)
- $4.12
- P/B
- 1.4
- P/S
- 2.4
- Yield
- 1.82%
- 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 26% 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 · 8 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
Hormuz and Minerals Choke Points: Why XOM, FCX, and BHP Are Top Ranked Picks
Bloomberg's chokepoint alert favors oil majors (XOM, CVX, OXY) and copper leaders (FCX, BHP) amid Hormuz and minerals risks, while ALB faces headwinds. Ranked picks highlight resilient FCF machines at attractive valuations.
XOMCVXFCXMiddle East De-Escalation Talks: Why XOM, JPM, and SLB Benefit Most — and OXY Lags
US-Iran ceasefire talks in Islamabad on April 11 signal Middle East de-escalation, favoring integrated oils like XOM and CVX for stable refining, big banks JPM/BAC for lower provisions, and services SLB amid resilient rigs—while upstream OXY lags. Ranked conviction prioritizes cash-rich names. Watch negotiation breakthroughs and oil flows.
XOMCVXJPMUS-Iran De-Escalation Talks: Why CVX, XOM, and JPM Are the Biggest Winners
US-Iran talks in Pakistan on April 11 signal Middle East de-escalation, lowering oil premiums and volatility to favor integrated majors (CVX, XOM), banks (JPM, BAC), services (SLB), and upstream (OXY). Ranked conviction highlights CVX and XOM for stability and FCF.
XOMCVXSLBIran Hormuz Tolls Threaten 20% of Oil Supply — XOM and CVX Top Winners as Asia Pivots
Iran's threatened Hormuz tolls on 20% of global oil flows are accelerating Asia's pivot to US exporters via barter deals. XOM and CVX top the winners with massive FCF and production ramps, while COP and refiners like MPC follow. Ranked conviction favors integrated upstream leaders amid tightening supply.
XOMCVXCOPInflation + Iran Risk: Why NOC and XOM Beat NVDA in a Higher-Rate Oil Spike
US labor stability and rising inflation pre-Iran conflict signal higher rates and oil spikes, favoring energy (XOM, CVX, OXY) and defense (RTX, NOC) over tech (NVDA). Top picks: NOC and XOM for balanced exposure and valuation.
XOMCVXRTXUS Crude Exports Hit Record Highs: XOM Leads 6 Winners From Asia's Iran Pivot
US crude exports hit records on April 9 amid Iran disruptions, boosting exporters like XOM and CVX with Asian ties. Analysis ranks six majors by exposure, financials, and valuation, naming XOM the top pick.
XOMCVXCOPHormuz Blockade Hits Copper Hard: FCX Bleeds While XOM, CVX, OXY Rally
Bloomberg's April 13 Hormuz blockade report tanked copper and spiked aluminum spreads, bearish for FCX miners and UPS/FDX shippers but bullish for XOM/CVX/OXY on oil premiums. Energy majors' low leverage and production exposure position them for gains amid shipping chaos.
XOMCVXFCXOil Breaks $100 on Hormuz Blockade Signal — XOM, CVX, OXY Positioned for a Major Move
US Hormuz blockade announcement on April 12 drove oil above $100/bbl, boosting XOM (+28% YTD), CVX (+26%), and OXY (+35%) amid low debt and diversified assets. Shipping risks elevate the premium, positioning energy giants for FCF surges and valuation rerating.
XOMCVXHormuz Strait Reopens: XOM, CVX, OXY Poised to Rally as Risk Premium Fades
Trump's claim of victory over Iran promises to reopen the Hormuz Strait, easing risks for 20% of global oil flows and potentially fading oil's geopolitical premium. XOM, CVX, and OXY—fortified by $184B revenues, low leverage, and 25%+ YTD gains—poised to rally as supply stabilizes. Investors should watch Q1 earnings for production ramps amid recent price dips.
XOMCVXIran Asset Unfreeze Flips the Energy Trade — Refiners VLO and MPC Beat XOM and CVX
The U.S. release of frozen Iranian assets signals potential oil price relief, favoring refiners like VLO and MPC over upstream giants XOM, CVX, OXY, and COP in an energy paradox. Upstream has surged on conflict fears, but de-escalation exposes margin squeezes. Ranked picks highlight refiner upside at attractive valuations.
XOMCVXCOPHormuz Blockade Oil Crunch: XOM, OXY Win Big While UPS, RCL Face Fuel Cost Pain
Strait of Hormuz blockade as of April 9, 2026, tightens oil supply, favoring XOM, OXY, HAL, and BKR with production/margin tailwinds while pressuring UPS and RCL via fuel costs. OXY tops conviction on valuation and leverage.
XOMHALBKRRussian Oil Waiver Extended: XOM and OXY Get a Boost — But LMT Momentum Stalls
The US move to extend Russian oil import waivers counters Iran tension risks, stabilizing prices to benefit XOM and OXY's margins while softening LMT's geopolitical-driven gains. Energy giants show strong FCF and low leverage, trading at attractive multiples amid YTD surges of 28-35%. Defense remains solid on record backlogs but faces tempered urgency.
XOMLMTWTI Crude Crashes 19% to $94 on Iran Ceasefire — OXY, CVX Earnings at Risk
WTI crude's 19% plunge to $94 support on US-Iran ceasefire news pressures energy earnings, with OXY facing $240M cash hit per $1/bbl drop and CVX's upstream exposed. XLE and USO track the downside, but technicals and OPEC may cap pain. Neutral: monitor break/hold for trades.
USOXLECVXXOM, CVX, OXY: $44B Combined FCF Signals Oil Price Floor Is Here to Stay
Analyst's April 9, 2026, warning of sticky high oil prices post-Iran war signals prolonged boosts for XOM, CVX, and OXY, with 2025 FCF topping $44B combined and 2026 guidance pointing to further gains amid Middle East risks. Stocks offer compelling valuations and yields despite recent dips, positioning them as buys for sustained crude premiums.
XOMCVXIran Strikes Kuwait: XOM, CVX, LMT Surge as Middle East Risk Escalates
Iran's confirmed attack on Kuwait's National Guard facilities escalates Middle East risks, disrupting XOM and CVX's regional production while boosting oil prices and LMT's defense demand. Majors show resilient valuations and strong YTD gains amid exposure. Bullish: Tensions favor energy cash cows and missile makers.
XOMCVXLMTHormuz Strait Tensions Spike Crude — XOM, CVX, OXY Positioned to Gain Most
Iran's reported control over the Hormuz Strait has the White House on defense, risking 20% of global oil flows and spiking crude prices. U.S. producers XOM, CVX, and OXY—bolstered by $40B+ FCF, low debt, and shale insulation—stand to gain most, with YTD gains of 26-35% signaling strength amid volatility.
XOMCVXHormuz Blockade: XOM, CVX Surge as Copper Miners FCX, BHP Stumble — AA Surprise
US Hormuz blockade plans sparked copper price drops and aluminum spread spikes, favoring oil majors like XOM, CVX, and OXY while pressuring copper miners FCX and BHP. Alcoa emerges as a metals winner. Ranked picks prioritize energy scale over mining exposure.
XOMCVXFCXHormuz Risk Rises as Iran Talks Collapse: XOM, CVX, OXY vs. LMT — Who Wins?
Escalating Lebanon conflict blocks Iran diplomatic resolution, heightening Strait of Hormuz risks for XOM, CVX, and OXY while driving LMT's missile demand. Oil majors' strong YTD gains and cost efficiencies position them for risk-premium upside; LMT's record backlog ensures growth. Investors should eye Hormuz threats and defense contracts as key monitors.
XOMCVXLMTHormuz Blockade Risk: XOM, CVX and FCX Ranked as Oil Eyes $110/bbl
Rising Strait of Hormuz tensions and Trump-era blockade speculation threaten oil supplies, favoring supermajors like XOM and CVX alongside copper miners FCX and BHP. Analysis ranks six plays by exposure, valuation, and financial strength amid potential $110/bbl crude.
XOMCVXFCXVenezuela Sanctions Lifted: VLO, MPC Get Cheap Crude Boost — COP and OXY Face Pressure
US sanctions relief on Venezuelan official Rodríguez paves way for heavy crude ramp, favoring Gulf refiners (VLO, MPC, PSX) via cheaper feedstock while pressuring shale producers (COP, OXY). Integrated XOM holds steady. Top picks: refiners at attractive multiples amid tight global capacity.
VLOMPCPSX
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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