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Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas. more
| Time Frame | OXY | Sector | S&P500 |
|---|---|---|---|
| 1-Week Return | -3.09% | 0.53% | 0.71% |
| 1-Month Return | -7.73% | -1.61% | 3.27% |
| 3-Month Return | 10.45% | 13.39% | 4.8% |
| 6-Month Return | 2.85% | 12.51% | 17% |
| 1-Year Return | 9.12% | 22.83% | 28.09% |
| 3-Year Return | 157.56% | 97.67% | 30.92% |
| 5-Year Return | 29.19% | 87.6% | 99.79% |
| 10-Year Return | -7.18% | 45.32% | 231.96% |
| Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | 5YR TREND | |
|---|---|---|---|---|---|---|
| Total Revenue | 20.39B | 17.81B | 25.96B | 36.63B | 28.26B | [{"date":"2019-12-31","value":55.67,"profit":true},{"date":"2020-12-31","value":48.61,"profit":true},{"date":"2021-12-31","value":70.85,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":77.13,"profit":true}] |
| Cost of Revenue | 14.32B | 16.57B | 18.11B | 18.99B | 18.15B | [{"date":"2019-12-31","value":75.4,"profit":true},{"date":"2020-12-31","value":87.23,"profit":true},{"date":"2021-12-31","value":95.35,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":95.57,"profit":true}] |
| Gross Profit | 6.08B | 1.24B | 7.85B | 17.64B | 10.11B | [{"date":"2019-12-31","value":34.43,"profit":true},{"date":"2020-12-31","value":7.05,"profit":true},{"date":"2021-12-31","value":44.49,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":57.29,"profit":true}] |
| Gross Margin | 29.79% | 6.99% | 30.24% | 48.17% | 35.78% | [{"date":"2019-12-31","value":61.85,"profit":true},{"date":"2020-12-31","value":14.5,"profit":true},{"date":"2021-12-31","value":62.79,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":74.28,"profit":true}] |
| Operating Expenses | 3.26B | 2.50B | 3.19B | 3.98B | 3.69B | [{"date":"2019-12-31","value":81.91,"profit":true},{"date":"2020-12-31","value":62.86,"profit":true},{"date":"2021-12-31","value":80.03,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":92.84,"profit":true}] |
| Operating Income | 3.40B | (770.00M) | 5.46B | 14.61B | 4.70B | [{"date":"2019-12-31","value":23.3,"profit":true},{"date":"2020-12-31","value":-5.27,"profit":false},{"date":"2021-12-31","value":37.38,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":32.14,"profit":true}] |
| Total Non-Operating Income/Expense | (4.07B) | (16.24B) | (3.21B) | (1.37B) | 15.00M | [{"date":"2019-12-31","value":-27120,"profit":false},{"date":"2020-12-31","value":-108273.33,"profit":false},{"date":"2021-12-31","value":-21366.67,"profit":false},{"date":"2022-12-31","value":-9140,"profit":false},{"date":"2023-12-31","value":100,"profit":true}] |
| Pre-Tax Income | 186.00M | (15.71B) | 3.71B | 14.12B | 6.43B | [{"date":"2019-12-31","value":1.32,"profit":true},{"date":"2020-12-31","value":-111.25,"profit":false},{"date":"2021-12-31","value":26.24,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":45.54,"profit":true}] |
| Income Taxes | 693.00M | (2.17B) | 915.00M | 813.00M | 1.73B | [{"date":"2019-12-31","value":39.99,"profit":true},{"date":"2020-12-31","value":-125.33,"profit":false},{"date":"2021-12-31","value":52.8,"profit":true},{"date":"2022-12-31","value":46.91,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
| Income After Taxes | (507.00M) | (13.53B) | 2.79B | 13.30B | 4.70B | [{"date":"2019-12-31","value":-3.81,"profit":false},{"date":"2020-12-31","value":-101.72,"profit":false},{"date":"2021-12-31","value":20.97,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":35.3,"profit":true}] |
| Income From Continuous Operations | (507.00M) | (13.53B) | 2.79B | 13.30B | 4.70B | [{"date":"2019-12-31","value":-3.81,"profit":false},{"date":"2020-12-31","value":-101.72,"profit":false},{"date":"2021-12-31","value":20.97,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":35.3,"profit":true}] |
| Income From Discontinued Operations | (15.00M) | (1.30B) | (468.00M) | - | - | [{"date":"2019-12-31","value":-1500000000,"profit":false},{"date":"2020-12-31","value":-129800000000,"profit":false},{"date":"2021-12-31","value":-46800000000,"profit":false},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}] |
| Net Income | (507.00M) | (13.53B) | 2.32B | 13.30B | 3.75B | [{"date":"2019-12-31","value":-3.81,"profit":false},{"date":"2020-12-31","value":-101.72,"profit":false},{"date":"2021-12-31","value":17.45,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":28.19,"profit":true}] |
| EPS (Diluted) | 1.62 | (3.90) | 2.52 | 9.33 | 3.69 | [{"date":"2019-12-31","value":17.36,"profit":true},{"date":"2020-12-31","value":-41.8,"profit":false},{"date":"2021-12-31","value":27.01,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":39.55,"profit":true}] |
These ratios help you determine the liquidity of the company. Higher is better.
| OXY | Peers | |
|---|---|---|
| Cash Ratio | 0.14 | 1.24 |
| Current Ratio | 0.95 | 2.32 |
| Quick Ratio | 0.71 | 2.05 |
These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.
| OXY | Peers | |
|---|---|---|
| ROA (LTM) | 4.44% | 13.52% |
| ROE (LTM) | 13.52% | 27.22% |
These ratios help you understand the company's liabilities, gauging the riskiness of the investment.
| OXY | Peers | |
|---|---|---|
| Debt Ratio Lower is generally better. Negative is bad. | 0.58 | 0.36 |
| Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.41 | 0.64 |
| Debt/Equity The higher the number, the more leverage the business employs, the riskier the investment typically is. | 2.41 | 1.56 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
| OXY | Peers | |
|---|---|---|
| Trailing PE | 18.37 | 10.28 |
| Forward PE | 19.16 | 11.21 |
| P/S (TTM) | 2.16 | 3.34 |
| P/B | 2.79 | 2.77 |
| Price/FCF | 205 | 70 |
| EV/R | 3.15 | 3.34 |
| EV/Ebitda | 6.25 | 5.80 |
| PEG | NM | NM |
ExxonMobil (NYSE: XOM ) recently completed its $60 billion acquisition of Pioneer Natural Resources. The deal expands the oil and gas giant’s presence in the oil-rich Permian basin. However, before the Federal Trade Commission (FTC) signed off on the transaction, Pioneer CEO Scott Sheffield was banned from taking a board seat at Exxon. It alleged Sheffield colluded with the Organization of Petroleum Exporting Countries (OPEC) to keep oil prices higher. By calling for Permian producers to restrain investing too much to keep oil prices from collapsing during the pandemic, the FTC said that was akin to assisting OPEC, causing high consumer prices. Recall this was when oil prices had plunged to negative $37 a barrel. Sheffield was rallying oil executives not to undermine the stability of the industry. The FTC’s decision displays ignorance of U.S. and global oil markets and how they work, as well as attacking Sheffield’s First Amendment free speech rights to comment on market dynamics. While Pioneer and Sheffield said they wouldn’t challenge the decision, which allowed the deal to get done, the FTC’s overreach could impact several other pending deals or cast a pall on future transactions.
If we look at energy stocks with focus on the oil & gas sector, the last 12 months have been disappointing in terms of returns. Macroeconomic headwinds have ensured that energy prices remain relatively subdued. However, that’s likely to change in the next few quarters. Now is a good time to consider fresh exposure to energy stocks. If we look at oil & gas exploration companies, some quality bets like Chevron Corporation (NYSE: CVX ) and Occidental Petroleum (NYSE: OXY ) stand out. However, these are blue-chip stocks and have a relatively low-beta. In a bullish scenario for oil price, these stocks will deliver robust returns. However, the returns can’t be compared to low-price energy stocks. Of course, strong fundamentals are a basic screener. I believe that with potential rate cuts in the coming quarters, these under-$10 energy stocks can double in quick time. Let’s discuss the catalysts other than higher energy prices that will trigger a rally in these stocks. Borr Drilling (BORR) Source: Pavel Ignatov / Shutterstock.com At a forward price-earnings ratio of 8.4, Borr Drilling (NYSE: BORR ) is among the undervalued under-$10 energy stocks to buy.
The oil market continues to look for direction. After running up above $85 a barrel to start the year, West Texas Intermediate crude oil, the American standard, is back below $80 as tensions in the Middle East ease and on growing signs that the U.S. economy is slowing. At the same time, a warmer than expected winter in Europe and North America has led to a glut of natural gas, depressing prices for that energy product. But that could mean opportunity for investors looking for undervalued oil and gas stocks. The current state has impacted the finances of oil and gas companies, which have reported generally poor results for this year’s first quarter. Slumping prices and a decrease in refining margins have pulled down revenues and profits at most major energy companies. It’s a far cry from 2022 when crude oil was trading above $120 a barrel, leading to record profits for producers. If there’s a silver lining to the current state of the energy market, it’s that it has led to attractive valuations among oil and gas securities.
The company delivered solid results, despite lower oil and gas prices.
Amidst the volatility, crude oil has mainly remained sideways in the last 12 months. The reason is macroeconomic headwinds. However, oil prices have found support around $80 per barrel due to geopolitical tensions and production cuts. I am bullish on energy prices for the next 12 to 24 months. I would, therefore, look at some of the best oil and gas stocks to buy. The most important reason for being bullish on energy prices is impending rate cuts. First, expansionary policies are positive for risk asset classes and oil and commodities should trend higher. Further, rate cuts will support GDP growth, and oil demand will likely gradually increase. Some of the best oil and gas stocks have been depressed and trade at attractive levels. Given the bullish outlook for energy prices, let’s discuss three oil and gas stocks to buy for stellar returns. Chevron (CVX) Source: Sundry Photography / Shutterstock.com Chevron (NYSE: CVX ) stock is among the best oil & gas stocks to buy for robust returns.
Accountability is important when it comes to investing. We all tend to remember our winners and ignore the losers. It can create a bias when discussing whether a strategy is worth following. Or whether you should listen to an online pundit. There is no end of analysts touting their home runs but glossing over their strikeouts. That’s why I wanted to review seven stock picks I made one year ago in May. Although I strongly advocate a minimum ownership period of three to five years for a stock, with a decade or more ( or a lifetime even) being optimal, a one-year review is sufficient to see if we’re at least heading in the right direction. I covered 12 different companies last May. Though not all were exactly recommendations, I also didn’t say “steer clear” either. For example, in my article “ 3 Stocks Warren Buffett Is Betting on Big Time ,” I noted Paramount Global (NASDAQ: PARA ) had a very weak business model but said perhaps the discount the stock was offering at the time (down 50%) might be enough to attract some investors.
Occidental Petroleum Corporation (OXY) share price today is $63.06
Yes, Indians can buy shares of Occidental Petroleum Corporation (OXY) on Vested. To buy Occidental Petroleum Corporation from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in OXY stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.
Yes, you can purchase fractional shares of Occidental Petroleum Corporation (OXY) via the Vested app. You can start investing in Occidental Petroleum Corporation (OXY) with a minimum investment of $1.
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The 52-week high price of Occidental Petroleum Corporation (OXY) is $71.19. The 52-week low price of Occidental Petroleum Corporation (OXY) is $54.92.
The price-to-earnings (P/E) ratio of Occidental Petroleum Corporation (OXY) is 17.28
The price-to-book (P/B) ratio of Occidental Petroleum Corporation (OXY) is 2.79
The dividend yield of Occidental Petroleum Corporation (OXY) is 1.38%
The market capitalization of Occidental Petroleum Corporation (OXY) is $55.91B
The stock symbol (or ticker) of Occidental Petroleum Corporation is OXY
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