30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Occidental Petroleum Corporation trades at 33.0x earnings, 95% above its 5-year average of 16.9x, sitting at the 92nd percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 96%. On a free-cash-flow basis, the stock trades at 12.7x P/FCF, 63% above the 5-year average of 7.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $52.3B | $41.1B | $47.8B | $57.4B | $63.1B | $27.8B | $15.9B | $33.4B | $46.9B | $56.4B | $54.4B |
| Enterprise Value | $52.1B | $42.9B | $72.8B | $76.9B | $82.9B | $55.4B | $51.2B | $70.4B | $54.1B | $64.6B | $62.0B |
| P/E Ratio → | 32.97 | 25.54 | 20.25 | 15.31 | 5.08 | 18.35 | — | — | 11.39 | 43.33 | — |
| P/S Ratio | 2.42 | 1.90 | 1.76 | 2.03 | 1.74 | 1.07 | 0.93 | 1.74 | 3.01 | 4.53 | 5.39 |
| P/B Ratio | 1.45 | 1.12 | 1.39 | 1.89 | 2.10 | 1.37 | 0.86 | 0.97 | 2.20 | 2.74 | 2.53 |
| P/FCF | 12.74 | 10.02 | 10.81 | 9.46 | 5.07 | 3.67 | 11.20 | 33.09 | 17.39 | 44.70 | 98.38 |
| P/OCF | 4.97 | 3.90 | 4.18 | 4.66 | 3.75 | 2.66 | 4.02 | 4.52 | 6.11 | 11.61 | 16.08 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Occidental Petroleum Corporation's enterprise value stands at 4.6x EBITDA, roughly in line with its 5-year average of 4.6x. The Energy sector median is 7.3x, placing the stock at a 37% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.99 | 2.68 | 2.71 | 2.29 | 2.13 | 2.99 | 3.66 | 3.48 | 5.18 | 6.14 |
| EV / EBITDA | 4.58 | 3.77 | 5.41 | 5.63 | 4.08 | 4.18 | 8.24 | 9.36 | 7.85 | 12.66 | 18.96 |
| EV / EBIT | 14.00 | 11.53 | 13.87 | 10.42 | 5.47 | 10.42 | — | 49.55 | 9.03 | 49.07 | — |
| EV / FCF | — | 10.45 | 16.46 | 12.68 | 6.65 | 7.33 | 36.05 | 69.81 | 20.09 | 51.17 | 112.10 |
Margins and return-on-capital ratios measuring operating efficiency
Occidental Petroleum Corporation earns an operating margin of 17.2%, above the Energy sector average of 13.9%. Operating margins have compressed from 22.9% to 17.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.7% is modest, trailing the sector median of 8.2%. ROIC of 5.8% represents adequate returns on invested capital versus a sector median of 6.8%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.8% | 33.8% | 35.6% | 34.4% | 47.0% | 29.3% | 2.6% | 23.1% | 31.6% | 22.3% | 5.7% |
| Operating Margin | 17.2% | 17.2% | 22.0% | 22.9% | 36.6% | 18.0% | -11.3% | 6.7% | 18.4% | 8.4% | -10.2% |
| Net Profit Margin | 11.0% | 11.0% | 11.2% | 16.5% | 36.5% | 8.9% | -86.5% | -3.5% | 26.4% | 10.5% | -5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.7% | 6.7% | 9.4% | 15.5% | 52.5% | 11.9% | -56.2% | -2.4% | 19.6% | 6.2% | -2.5% |
| ROA | 2.8% | 2.8% | 3.8% | 6.4% | 17.9% | 3.0% | -15.8% | -0.9% | 9.6% | 3.1% | -1.3% |
| ROIC | 5.8% | 5.8% | 8.2% | 9.8% | 20.4% | 6.9% | -2.3% | 1.9% | 7.5% | 2.7% | -2.6% |
| ROCE | 4.9% | 4.9% | 8.5% | 10.0% | 20.2% | 6.7% | -2.3% | 2.0% | 8.1% | 2.9% | -2.8% |
Solvency and debt-coverage ratios — lower is generally safer
Occidental Petroleum Corporation carries a Debt/EBITDA ratio of 0.2x, which is very conservative (94% below the sector average of 2.5x). Net debt stands at $1.8B ($1.8B total debt minus $2.0B cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.79 | 0.69 | 0.69 | 1.49 | 2.01 | 1.17 | 0.48 | 0.48 | 0.46 |
| Debt / EBITDA | 0.16 | 0.16 | 2.02 | 1.53 | 1.02 | 2.29 | 6.00 | 5.33 | 1.50 | 1.93 | 3.00 |
| Net Debt / Equity | — | 0.05 | 0.72 | 0.64 | 0.66 | 1.36 | 1.90 | 1.08 | 0.34 | 0.40 | 0.35 |
| Net Debt / EBITDA | 0.16 | 0.16 | 1.86 | 1.43 | 0.97 | 2.09 | 5.68 | 4.92 | 1.06 | 1.60 | 2.32 |
| Debt / FCF | — | 0.43 | 5.65 | 3.21 | 1.59 | 3.65 | 24.85 | 36.71 | 2.70 | 6.46 | 13.72 |
| Interest Coverage | 4.14 | 4.14 | 5.08 | 6.87 | 12.90 | 2.89 | -1.35 | 1.21 | 7.36 | 3.03 | -3.53 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.94x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.0B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.94 | 0.94 | 0.95 | 0.92 | 1.15 | 1.23 | 1.07 | 1.15 | 1.34 | 1.12 | 1.32 |
| Quick Ratio | 0.94 | 0.94 | 0.73 | 0.69 | 0.88 | 1.00 | 0.84 | 1.03 | 1.17 | 0.95 | 1.19 |
| Cash Ratio | 0.21 | 0.21 | 0.22 | 0.16 | 0.13 | 0.33 | 0.24 | 0.24 | 0.41 | 0.23 | 0.35 |
| Asset Turnover | — | 0.26 | 0.32 | 0.38 | 0.50 | 0.35 | 0.21 | 0.18 | 0.36 | 0.30 | 0.23 |
| Inventory Turnover | 8.33 | — | 8.33 | 9.19 | 9.33 | 9.94 | 8.80 | 9.34 | 8.46 | 7.77 | 10.99 |
| Days Sales Outstanding | — | 55.09 | 57.19 | 52.78 | 43.10 | 59.16 | 45.04 | 80.41 | 114.70 | 121.42 | 144.24 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Occidental Petroleum Corporation returns 3.0% to shareholders annually primarily through dividends. A payout ratio of 67.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.0% | 3.9% | 3.0% | 2.4% | 1.9% | 3.0% | 11.6% | 7.9% | 5.1% | 4.2% | 4.2% |
| Payout Ratio | 67.3% | 67.3% | 47.5% | 29.2% | 9.0% | 36.3% | — | — | 57.7% | 179.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 3.9% | 4.9% | 6.5% | 19.7% | 5.5% | — | — | 8.8% | 2.3% | — |
| FCF Yield | 7.8% | 10.0% | 9.3% | 10.6% | 19.7% | 27.2% | 8.9% | 3.0% | 5.8% | 2.2% | 1.0% |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 6.0% | 4.9% | 0.0% | 0.1% | 0.7% | 2.7% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.0% | 3.9% | 3.1% | 8.4% | 6.8% | 3.0% | 11.7% | 8.6% | 7.7% | 4.2% | 4.3% |
| Shares Outstanding | — | $1.0B | $967M | $961M | $1.0B | $959M | $919M | $810M | $763M | $766M | $764M |
Compare OXY with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| OXYYou | $52B | 33.0 | 4.6 | 12.7 | 33.8% | 17.2% | 6.7% | 5.8% | 0.2 |
| COP | $139B | 17.9 | 6.7 | 8.3 | 35.2% | 19.8% | 12.3% | 10.7% | 1.0 |
| WDS | $39B | 14.4 | 5.0 | — | 34.9% | 29.8% | 7.2% | 6.3% | 1.5 |
| CTRA | $23B | 13.6 | 4.8 | 5.8 | 60.4% | 89.1% | 11.3% | 11.4% | 0.1 |
| APA | $11B | 7.6 | 2.8 | 6.1 | 37.3% | 30.8% | 15.6% | 14.9% | 0.8 |
| Energy Median | — | 16.8 | 7.3 | 11.5 | 35.3% | 13.9% | 8.2% | 6.8% | 2.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonOccidental Petroleum Corporation's current P/E ratio is 33.0x. The historical average is 17.6x. This places it at the 92th percentile of its historical range.
Occidental Petroleum Corporation's current EV/EBITDA is 4.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.6x.
Occidental Petroleum Corporation's return on equity (ROE) is 6.7%. The historical average is 11.7%.
Based on historical data, Occidental Petroleum Corporation is trading at a P/E of 33.0x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Occidental Petroleum Corporation's current dividend yield is 3.00% with a payout ratio of 67.3%.
Occidental Petroleum Corporation has 33.8% gross margin and 17.2% operating margin. Operating margin between 10-20% is typical for established companies.
Occidental Petroleum Corporation's Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.