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Occidental Petroleum Corp OXY

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Stock XNYS Rating as of
$66.63 +0.59 (0.89%)
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As of Delayed Price Closed
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Company Report

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Israel’s Response to Iran’s Strike Confirms Minimal Escalation View; Oil Markets Remain Oversupplied

Stephen Ellis

Israel has launched strikes against Iran in retaliation for an attack on April 14 (see our April 15 note for more analysis). The limited scope of Israel’s attack, which also included targets in Syria and Iraq; Iran's subdued response; and the ample warning Israel provided confirm our view that both parties wish to de-escalate tensions. We’d characterize this as a de-escalation attack. This view is in line with broader US and Group of Seven goals.

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Price vs Fair Value

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OXY is trading at a 16% premium.
Price
$66.04
Fair Value
$14.00
Uncertainty
Very High
1-Star Price
$69.78
5-Star Price
$89.40
Economic Moat
Lrvq
Capital Allocation
Bwpdwzm

Bulls Say, Bears Say

Bulls

Oxy has a dominant position in the Permian Basin, which is the cheapest source of production in the US 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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Trading Information

Previous Close Price
$66.04
Day Range
$66.12–67.62
52-Week Range
$55.12–71.19
Bid/Ask
$66.60 / $66.68
Market Cap
$59.07 Bil
Volume/Avg
9.8 Mil / 8.7 Mil

Key Statistics

Price/Earnings (Normalized)
17.88
Price/Sales
2.25
Dividend Yield (Trailing)
1.15%
Dividend Yield (Forward)
1.33%
Total Yield
3.99%

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 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
Website
https://www.oxy.com

Competitors

Valuation

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Metric
OXY
PXD
MRO
Price/Earnings (Normalized)
 17.8812.439.79
Price/Book Value
 2.642.691.41
Price/Sales
 2.253.342.60
Price/Cash Flow
 5.457.513.98
Price/Earnings
OXY
PXD
MRO

Financial Strength

Metric
OXY
PXD
MRO
Quick Ratio
 0.510.660.33
Current Ratio
 0.920.880.40
Interest Coverage
 7.6644.956.55
Quick Ratio
OXY
PXD
MRO

Profitability

Metric
OXY
PXD
MRO
Return on Assets (Normalized)
 4.95%13.94%7.99%
Return on Equity (Normalized)
 17.14%22.40%14.05%
Return on Invested Capital (Normalized)
 8.25%18.32%10.90%
Return on Assets
OXY
PXD
MRO
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