Compare Occidental Petroleum Corporation (OXY) vs California Resources Corporation (CRC) Stock

California Resources Corporation (CRC) offers the better valuation at 12.7x trailing P/E (45.3x forward), making it the more compelling value choice. Analysts rate Occidental Petroleum Corporation (OXY) a "Buy" — based on 52 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, California Resources Corporation (CRC) is the cheapest at 12.7x versus Occidental Petroleum Corporation at 33.0x. On forward P/E, Occidental Petroleum Corporation is actually cheaper at 43.8x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, California Resources Corporation (CRC) delivered a total return of +143.6%, compared to +103.3% for Occidental Petroleum Corporation (OXY). A $10,000 investment in CRC five years ago would be worth approximately $24K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CRC returned +1037% versus OXY's +0.8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Occidental Petroleum Corporation (OXY) is the lower-risk stock at 0.95β versus California Resources Corporation's 1.26β — meaning CRC is approximately 32% more volatile than OXY relative to the S&P 500. On balance sheet safety, Occidental Petroleum Corporation (OXY) carries a lower debt/equity ratio of 5% versus 35% for California Resources Corporation — giving it more financial flexibility in a downturn.

California Resources Corporation (CRC) is the more profitable company, earning 12.7% net margin versus 11.0% for Occidental Petroleum Corporation — meaning it keeps 12.7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CRC leads at 22.0% versus 17.2% for OXY. At the gross margin level — before operating expenses — CRC leads at 40.6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Occidental Petroleum Corporation (OXY) trades at 43.8x forward P/E versus 45.3x for California Resources Corporation — 1.5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CRC: 11.7% to $65.71.

All stocks in this comparison pay dividends. Occidental Petroleum Corporation (OXY) offers the highest yield at 3.0%, versus 2.4% for California Resources Corporation (CRC).

For long-horizon retirement investors, California Resources Corporation (CRC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.26), 2.4% yield, +1037% 10Y return). Both have compounded well over 10 years (CRC: +1037%, OXY: +0.8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: OXY is a mid-cap income-oriented stock; CRC is a mega-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.