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Occidental Petroleum Corp OXY

Morningstar Rating
$60.02 −0.51 (0.84%)
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Company Report

Occidental Petroleum Earnings: Well Performance Drives Productivity Gains

Nothing in no-moat-rated Occidental Petroleum’s latest results materially alters our long-term view. Results were broadly in line with our expectations, though earnings came in a bit above based on a lower tax outlay than we initially expected. While we model puts and takes in Oxy’s cost structure and expected Permian production, we maintain our $56 fair value estimate.

Price vs Fair Value

OXY is trading at a 7% premium.
Price
$60.02
Fair Value
$93.00
Uncertainty
Very High
1-Star Price
$27.00
5-Star Price
$47.00
Economic Moat
Sszf
Capital Allocation
Trrnjyzf

Bulls Say, Bears Say

Bulls

Oxy has a dominant position in the Permian Basin, which is the cheapest source of production in the U.S. and is expected to be a major growth engine in the next few years.

Bears

Though Oxy’s Permian wells exhibit very high initial production rates, they also decline very quickly.

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News

Trading Information

Previous Close Price
$60.53
Day Range
$59.4560.23
52-Week Range
$55.1267.67
Bid/Ask
$59.80 / $60.50
Market Cap
$52.79 Bil
Volume/Avg
7.8 Mil / 10.7 Mil

Key Statistics

Price/Earnings (Normalized)
15.51
Price/Sales
1.95
Dividend Yield (Trailing)
1.20%
Dividend Yield (Forward)
1.47%
Total Yield
4.35%

Company Profile

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 2023, the company reported net proved reserves of nearly 4.0 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Large Value
Total Number of Employees
12,570

Competitors

Valuation

Metric
OXY
DVN
PXD
Price/Earnings (Normalized)
15.517.0310.48
Price/Book Value
2.292.302.31
Price/Sales
1.951.752.82
Price/Cash Flow
4.733.886.02
Price/Earnings
OXY
DVN
PXD

Financial Strength

Metric
OXY
DVN
PXD
Quick Ratio
0.510.780.66
Current Ratio
0.920.960.88
Interest Coverage
7.6613.5044.95
Quick Ratio
OXY
DVN
PXD

Profitability

Metric
OXY
DVN
PXD
Return on Assets (Normalized)
4.95%16.27%13.94%
Return on Equity (Normalized)
17.14%34.57%22.40%
Return on Invested Capital (Normalized)
8.25%22.91%18.32%
Return on Assets
OXY
DVN
PXD
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Morningstar Rating for Stocks
Economic Moat
Market Cap
COP
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EOG
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PXD
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HES
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FANG
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DVN
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MRO
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APA
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AR
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