Occidental Petroleum Corporation (OXY) 10-Year Financial Performance & Capital Metrics

OXY • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

AboutOccidental 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, Africa, and Latin America. 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; 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 trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.Show more

Revenue $27.1B -4.3%
EBITDA $13.44B -1.5%
Net Income $3.04B -34.9%
EPS (Diluted) 2.44 -37.4%
Gross Margin 35.61% +3.5%
EBITDA Margin 49.61% +3.0%
Operating Margin 22.02% -3.8%
Net Margin 11.23% -31.9%
ROE 9.39% -39.3%
ROIC 8.19% -16.1%
Debt/Equity 0.79 +14.1%
Interest Coverage 5.08 -26.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 25.8%
✓FCF machine: 16.3% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.5%
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.4%

5Y7.12%

3Y1.44%

TTM-2.69%

Profit (Net Income) CAGR

10Y17.32%

5Y-

3Y9.59%

TTM-52.58%

EPS CAGR

10Y11.96%

5Y-

3Y15.73%

TTM-81.23%

ROCE

10Y Avg5.44%

5Y Avg8.62%

3Y Avg12.89%

Latest8.48%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	12.48B	10.09B	12.46B	15.57B	19.21B	17.14B	25.96B	36.25B	28.33B	27.1B
Revenue Growth %	-0.36%	-0.19%	0.23%	0.25%	0.23%	-0.11%	0.51%	0.4%	-0.22%	-0.04%
Cost of Goods Sold+	10.38B	9.52B	9.68B	10.65B	14.77B	16.7B	18.36B	19.2B	18.59B	17.45B
COGS % of Revenue	0.83%	0.94%	0.78%	0.68%	0.77%	0.97%	0.71%	0.53%	0.66%	0.64%
Gross Profit+	2.09B	575M	2.78B	4.92B	4.44B	441M	7.6B	17.05B	9.74B	9.65B
Gross Margin %	0.17%	0.06%	0.22%	0.32%	0.23%	0.03%	0.29%	0.47%	0.34%	0.36%
Gross Profit Growth %	-0.74%	-0.73%	3.84%	0.77%	-0.1%	-0.9%	16.24%	1.24%	-0.43%	-0.01%
Operating Expenses+	1.61B	1.61B	1.74B	2.05B	3.15B	2.37B	2.93B	3.76B	3.25B	3.68B
OpEx % of Revenue	0.13%	0.16%	0.14%	0.13%	0.16%	0.14%	0.11%	0.1%	0.11%	0.14%
Selling, General & Admin	1.27B	1.33B	1.42B	1.61B	882M	864M	863M	945M	1.08B	1.06B
SG&A % of Revenue	0.1%	0.13%	0.11%	0.1%	0.05%	0.05%	0.03%	0.03%	0.04%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	343M	277M	311M	1.47B	2.27B	1.51B	2.07B	2.82B	2.17B	2.62B
Operating Income+	481M	-1.03B	1.05B	2.86B	1.29B	-1.93B	4.67B	13.28B	6.49B	5.97B
Operating Margin %	0.04%	-0.1%	0.08%	0.18%	0.07%	-0.11%	0.18%	0.37%	0.23%	0.22%
Operating Income Growth %	-0.92%	-3.15%	2.01%	1.73%	-0.55%	-2.5%	3.42%	1.84%	-0.51%	-0.08%
EBITDA+	5.04B	3.27B	5.1B	6.9B	7.51B	6.21B	13.24B	20.29B	13.65B	13.44B
EBITDA Margin %	0.4%	0.32%	0.41%	0.44%	0.39%	0.36%	0.51%	0.56%	0.48%	0.5%
EBITDA Growth %	-0.52%	-0.35%	0.56%	0.35%	0.09%	-0.17%	1.13%	0.53%	-0.33%	-0.02%
D&A (Non-Cash Add-back)	4.55B	4.3B	4.05B	4.03B	6.23B	8.14B	8.57B	7.01B	7.16B	7.48B
EBIT	-9.54B	-1.55B	1.32B	6B	1.42B	-14.28B	5.32B	15.15B	7.37B	5.25B
Net Interest Income+	-29M	-186M	-246M	-253M	-849M	-1.31B	-1.45B	-877M	-806M	-1B
Interest Income	118M	106M	99M	136M	217M	118M	166M	153M	139M	171M
Interest Expense	147M	292M	345M	389M	1.07B	1.42B	1.61B	1.03B	945M	1.18B
Other Income/Expense	-9.96B	-632M	281M	3.08B	-932M	-13.78B	-966M	833M	-59M	-1.9B
Pretax Income+	-9.48B	-1.66B	1.33B	5.94B	354M	-15.71B	3.71B	14.12B	6.43B	4.07B
Pretax Margin %	-0.76%	-0.16%	0.11%	0.38%	0.02%	-0.92%	0.14%	0.39%	0.23%	0.15%
Income Tax+	-1.33B	-662M	17M	1.48B	861M	-2.17B	915M	813M	1.73B	1.17B
Effective Tax Rate %	0.83%	0.34%	0.98%	0.69%	-1.88%	0.94%	0.62%	0.94%	0.73%	0.75%
Net Income+	-7.83B	-574M	1.3B	4.11B	-667M	-14.83B	2.31B	13.22B	4.67B	3.04B
Net Margin %	-0.63%	-0.06%	0.1%	0.26%	-0.03%	-0.87%	0.09%	0.36%	0.16%	0.11%
Net Income Growth %	-13.71%	0.93%	3.27%	2.15%	-1.16%	-21.24%	1.16%	4.72%	-0.65%	-0.35%
Net Income (Continuing)	-8.15B	-1.18B	1.31B	4.13B	-507M	-13.53B	2.79B	13.3B	4.7B	2.9B
Discontinued Operations	317M	428M	0	0	-15M	-1.3B	-468M	0	0	182M
Minority Interest	0	0	0	0	0	0	0	0	99M	321M
EPS (Diluted)+	-10.23	-0.75	1.70	5.39	-1.22	-17.06	1.58	12.40	3.90	2.44
EPS Growth %	-13.95%	0.93%	3.27%	2.17%	-1.23%	-13.02%	1.09%	6.86%	-0.69%	-0.37%
EPS (Basic)	-10.23	-0.75	1.71	5.40	-1.22	-17.06	1.62	13.41	4.22	2.59
Diluted Shares Outstanding	765.6M	763.8M	765.9M	763.3M	809.5M	918.7M	958.8M	1B	960.9M	967.1M
Basic Shares Outstanding	765.6M	763.8M	765.1M	761.7M	809.5M	918.7M	935M	926.2M	889.2M	911.8M
Dividend Payout Ratio	-	-	1.8%	0.58%	-	-	0.36%	0.09%	0.29%	0.48%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	9.4B	8.43B	8.27B	9.93B	14.63B	8.82B	10.21B	8.89B	8.38B	9.07B
Cash & Short-Term Investments	3.2B	2.23B	1.67B	3.03B	3.04B	2.01B	2.76B	984M	1.43B	2.13B
Cash Only	3.2B	2.23B	1.67B	3.03B	3.03B	2.01B	2.76B	984M	1.43B	2.13B
Short-Term Investments	0	0	0	0	5M	0	0	0	0	0
Accounts Receivable	2.97B	3.99B	4.14B	4.89B	4.23B	2.12B	4.21B	4.28B	4.1B	4.25B
Days Sales Outstanding	86.88	144.24	121.42	114.7	80.41	45.04	59.16	43.1	52.78	57.19
Inventory	986M	866M	1.25B	1.26B	1.58B	1.9B	1.85B	2.06B	2.02B	2.1B
Days Inventory Outstanding	34.66	33.21	46.99	43.16	39.06	41.49	36.7	39.13	39.7	43.82
Other Current Assets	2.25B	1.34B	1.21B	746M	5.79B	2.8B	1.39B	1.56B	830M	597M
Total Non-Current Assets+	34.01B	34.68B	33.76B	33.92B	92.56B	71.25B	64.83B	63.72B	65.63B	76.38B
Property, Plant & Equipment	31.64B	32.34B	31.17B	31.44B	83.64B	66.95B	60.66B	59.29B	59.66B	70.31B
Fixed Asset Turnover	0.39x	0.31x	0.40x	0.50x	0.23x	0.26x	0.43x	0.61x	0.47x	0.39x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.43B	1.4B	1.51B	1.68B	6.39B	3.25B	2.94B	3.18B	3.22B	3.16B
Other Non-Current Assets	934M	943M	1.07B	805M	2.53B	1.04B	1.23B	1.26B	2.75B	2.9B
Total Assets+	43.41B	43.11B	42.03B	43.85B	107.19B	80.06B	75.04B	72.61B	74.01B	85.44B
Asset Turnover	0.29x	0.23x	0.30x	0.36x	0.18x	0.21x	0.35x	0.50x	0.38x	0.32x
Asset Growth %	-0.23%	-0.01%	-0.03%	0.04%	1.44%	-0.25%	-0.06%	-0.03%	0.02%	0.15%
Total Current Liabilities+	6.84B	6.36B	7.4B	7.41B	12.71B	8.22B	8.32B	7.76B	9.15B	9.52B
Accounts Payable	3.07B	3.93B	4.41B	4.88B	4.91B	2.99B	3.9B	4.03B	3.65B	3.75B
Days Payables Outstanding	107.88	150.54	166.25	167.34	121.3	65.3	77.52	76.57	71.59	78.5
Short-Term Debt	1.45B	0	500M	116M	51M	398M	101M	22M	1.06B	1B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.13B	0	0	0	5.96B	3.86B	0	0	1.57B	1.46B
Current Ratio	1.37x	1.32x	1.12x	1.34x	1.15x	1.07x	1.23x	1.15x	0.92x	0.95x
Quick Ratio	1.23x	1.19x	0.95x	1.17x	1.03x	0.84x	1.00x	0.88x	0.69x	0.73x
Cash Conversion Cycle	13.66	26.91	2.17	-9.47	-1.83	21.24	18.34	5.66	20.9	22.51
Total Non-Current Liabilities+	12.22B	15.25B	14.05B	15.11B	60.25B	53.27B	46.38B	34.77B	34.51B	41.44B
Long-Term Debt	6.86B	9.82B	9.33B	10.2B	38.54B	35.43B	28.93B	19.12B	17.95B	24.32B
Capital Lease Obligations	0	0	0	0	872M	957M	1.09B	1.2B	1.32B	1.27B
Deferred Tax Liabilities	1.32B	1.13B	581M	0	9.72B	0	7.04B	5.51B	5.76B	5.39B
Other Non-Current Liabilities	4.04B	4.3B	4.14B	4.91B	11.13B	16.88B	9.33B	8.93B	9.48B	10.46B
Total Liabilities	19.06B	21.61B	21.45B	22.52B	72.96B	61.49B	54.71B	42.52B	43.66B	50.97B
Total Debt+	8.3B	9.82B	9.83B	10.32B	40.04B	37.3B	30.39B	20.77B	20.91B	27.1B
Net Debt	5.1B	7.59B	8.16B	7.28B	37.01B	35.29B	27.62B	19.78B	19.48B	24.97B
Debt / Equity	0.34x	0.46x	0.48x	0.48x	1.17x	2.01x	1.49x	0.69x	0.69x	0.79x
Debt / EBITDA	1.65x	3.00x	1.93x	1.50x	5.33x	6.00x	2.29x	1.02x	1.53x	2.02x
Net Debt / EBITDA	1.01x	2.32x	1.60x	1.06x	4.92x	5.68x	2.09x	0.97x	1.43x	1.86x
Interest Coverage	3.27x	-3.53x	3.03x	7.36x	1.21x	-1.35x	2.89x	12.90x	6.87x	5.08x
Total Equity+	24.35B	21.5B	20.57B	21.33B	34.23B	18.57B	20.33B	30.09B	30.35B	34.48B
Equity Growth %	-0.3%	-0.12%	-0.04%	0.04%	0.6%	-0.46%	0.09%	0.48%	0.01%	0.14%
Book Value per Share	31.81	28.14	26.86	27.94	42.29	20.22	21.20	30.02	31.58	35.65
Total Shareholders' Equity	24.35B	21.5B	20.57B	21.33B	34.23B	18.57B	20.33B	30.09B	30.25B	34.16B
Common Stock	178M	178M	179M	179M	209M	216M	217M	220M	222M	233M
Retained Earnings	25.96B	22.98B	21.93B	23.75B	20.18B	3B	4.48B	16.5B	19.63B	21.19B
Treasury Stock	-9.12B	-9.14B	-9.17B	-10.47B	-10.65B	-10.66B	-10.67B	-13.77B	-15.58B	-15.6B
Accumulated OCI	-307M	-266M	-258M	-172M	-221M	-288M	-208M	195M	275M	179M
Minority Interest	0	0	0	0	0	0	0	0	99M	321M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.35B	3.38B	4.86B	7.67B	7.38B	3.96B	10.43B	16.81B	12.31B	11.44B
Operating CF Margin %	0.27%	0.34%	0.39%	0.49%	0.38%	0.23%	0.4%	0.46%	0.43%	0.42%
Operating CF Growth %	-0.7%	0.01%	0.44%	0.58%	-0.04%	-0.46%	1.64%	0.61%	-0.27%	-0.07%
Net Income	-7.83B	-574M	1.31B	4.13B	-522M	-14.83B	2.32B	13.3B	4.7B	3.1B
Depreciation & Amortization	0	4.3B	4.05B	0	0	0	0	6.93B	0	7.71B
Stock-Based Compensation	0	0	0	0	0	0	287M	0	0	228M
Deferred Taxes	-1.37B	-517M	-719M	371M	-1.03B	-2.52B	46M	-1.64B	57M	-461M
Other Non-Cash Items	13.43B	557M	709M	3.69B	7.9B	22.58B	9.21B	-451M	6.89B	845M
Working Capital Changes	-880M	-383M	-493M	-521M	1.03B	-1.28B	-1.43B	-1.32B	660M	22M
Change in Receivables	1.43B	-1.09B	-158M	955M	401M	2.41B	-865M	-97M	1.07B	-133M
Change in Inventory	-24M	17M	-349M	0	78M	-484M	-86M	-230M	-91M	-46M
Change in Payables	-1.99B	603M	43M	-1.5B	358M	-3.23B	865M	-478M	-549M	-661M
Cash from Investing+	-5.42B	-4.74B	-3.08B	-3.21B	-29.03B	-819M	-1.25B	-4.87B	-6.98B	-14.59B
Capital Expenditures	-6.2B	-2.72B	-3.6B	-4.97B	-6.64B	-2.54B	-2.87B	-4.5B	-6.27B	-7.02B
CapEx % of Revenue	0.5%	0.27%	0.29%	0.32%	0.35%	0.15%	0.11%	0.12%	0.22%	0.26%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-38M	-2.33B	-883M	2.7B	5.7B	1.83B	1.64B	1.02B	25M	96M
Cash from Financing+	1.48B	-802M	-2.34B	-3.1B	22.19B	-4.52B	-8.57B	-13.71B	-4.89B	3.84B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-2.26B	-2.31B	-2.35B	-2.37B	-2.62B	-1.84B	-839M	-1.18B	-1.36B	-1.45B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.83B	0	0	9M	-31M	-813M	-922M	-241M	-179M	-365M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.92B	553M	1.26B	2.69B	1.01B	1.42B	7.56B	12.46B	6.06B	4.42B
FCF Margin %	-0.15%	0.05%	0.1%	0.17%	0.05%	0.08%	0.29%	0.34%	0.21%	0.16%
FCF Growth %	-1.72%	1.29%	1.28%	1.13%	-0.63%	0.41%	4.33%	0.65%	-0.51%	-0.27%
FCF per Share	-2.51	0.72	1.65	3.53	1.25	1.55	7.89	12.44	6.31	4.57
FCF Conversion (FCF/Net Income)	-0.43x	-5.90x	3.72x	1.86x	-11.06x	-0.27x	4.51x	1.27x	2.63x	3.76x
Interest Paid	246M	312M	351M	0	0	0	1.69B	1.43B	1.1B	0
Taxes Paid	1B	300M	900M	0	1.94B	0	763M	2.18B	1.3B	1.2B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-26.4%	-2.5%	6.2%	19.64%	-2.4%	-56.17%	11.89%	52.45%	15.46%	9.39%
Return on Invested Capital (ROIC)	1.07%	-2.64%	2.72%	7.49%	1.93%	-2.31%	6.88%	20.37%	9.76%	8.19%
Gross Margin	16.78%	5.7%	22.33%	31.57%	23.11%	2.57%	29.29%	47.03%	34.39%	35.61%
Net Margin	-62.74%	-5.69%	10.47%	26.42%	-3.47%	-86.54%	8.91%	36.47%	16.49%	11.23%
Debt / Equity	0.34x	0.46x	0.48x	0.48x	1.17x	2.01x	1.49x	0.69x	0.69x	0.79x
Interest Coverage	3.27x	-3.53x	3.03x	7.36x	1.21x	-1.35x	2.89x	12.90x	6.87x	5.08x
FCF Conversion	-0.43x	-5.90x	3.72x	1.86x	-11.06x	-0.27x	4.51x	1.27x	2.63x	3.76x
Revenue Growth	-35.65%	-19.11%	23.44%	24.96%	23.4%	-10.8%	51.49%	39.64%	-21.85%	-4.35%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Oil And Gas	8.3B	6.38B	7.87B	10.44B	13.53B	11.99B	19.29B	27.16B	21.28B	21.7B
Oil And Gas Growth	-	-23.21%	23.41%	32.67%	29.59%	-11.35%	60.78%	40.86%	-21.65%	1.98%
Chemical	3.94B	3.76B	4.36B	4.66B	4.08B	3.73B	5.24B	6.74B	5.32B	4.92B
Chemical Growth	-	-4.79%	15.95%	6.93%	-12.39%	-8.68%	40.71%	28.51%	-21.12%	-7.43%
Midstream	891M	684M	1.16B	3.66B	2.33B	2.17B	2.52B	3.75B	2.63B	1.65B
Midstream Growth	-	-23.23%	69.15%	215.99%	-36.32%	-6.92%	16.52%	48.71%	-30.09%	-37.03%

Frequently Asked Questions

Valuation & Price

Occidental Petroleum Corporation (OXY) has a price-to-earnings (P/E) ratio of 17.7x. This is roughly in line with market averages.

Growth & Financials

Occidental Petroleum Corporation (OXY) reported $26.77B in revenue for fiscal year 2024. This represents a 13% increase from $23.74B in 2011.

Occidental Petroleum Corporation (OXY) saw revenue decline by 4.3% over the past year.

Yes, Occidental Petroleum Corporation (OXY) is profitable, generating $2.07B in net income for fiscal year 2024 (11.2% net margin).

Dividend & Returns

Yes, Occidental Petroleum Corporation (OXY) pays a dividend with a yield of 3.45%. This makes it attractive for income-focused investors.

Occidental Petroleum Corporation (OXY) has a return on equity (ROE) of 9.4%. This is below average, suggesting room for improvement.

Occidental Petroleum Corporation (OXY) generated $3.80B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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