Occidental Petroleum Corporation (OXY) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
6.74
↑+35% vs avg
5yr avg: 4.97
30Y Low3.3·High19.0
P/FCF
↑
13.30
↑+70% vs avg
5yr avg: 7.81
30Y Low3.7·High98.4
P/B Ratio
↓
1.50
-4% vs avg
5yr avg: 1.57
30Y Low0.9·High2.7
ROE
↓
6.7%
↑-65% vs avg
5yr avg: 19.2%
30Y Low-56%·High52%
Debt/EBITDA
↓
2.11
+17% vs avg
5yr avg: 1.79
30Y Low0.2·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OXY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Occidental Petroleum Corporation trades at 34.2x earnings, 102% 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 16.9x, the stock trades at a premium of 103%. On a free-cash-flow basis, the stock trades at 13.3x P/FCF, 70% 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 | $54.6B | $41.1B | $47.8B | $57.4B | $63.1B | $27.8B | $15.9B | $33.4B | $46.9B | $56.4B | $54.4B |
| Enterprise Value | $76.5B | $63.1B | $72.8B | $76.9B | $82.9B | $55.4B | $51.2B | $70.4B | $54.1B | $64.6B | $62.0B |
| P/E Ratio → | 34.18 | 25.54 | 20.25 | 15.31 | 5.08 | 18.35 | — | — | 11.39 | 43.33 | — |
| P/S Ratio | 2.53 | 1.90 | 1.76 | 2.03 | 1.74 | 1.07 | 0.93 | 1.74 | 3.01 | 4.53 | 5.39 |
| P/B Ratio | 1.50 | 1.12 | 1.39 | 1.89 | 2.10 | 1.37 | 0.86 | 0.97 | 2.20 | 2.74 | 2.53 |
| P/FCF | 13.30 | 10.02 | 10.81 | 9.46 | 5.07 | 3.67 | 11.20 | 33.09 | 17.39 | 44.70 | 98.38 |
| P/OCF | 5.18 | 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
OXY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Occidental Petroleum Corporation's enterprise value stands at 6.7x EBITDA, 35% above its 5-year average of 5.0x. The Energy sector median is 8.1x, placing the stock at a 17% 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 | — | 2.92 | 2.68 | 2.71 | 2.29 | 2.13 | 2.99 | 3.66 | 3.48 | 5.18 | 6.14 |
| EV / EBITDA | 6.74 | 5.55 | 5.41 | 5.63 | 4.08 | 4.18 | 8.24 | 9.36 | 7.85 | 12.66 | 18.96 |
| EV / EBIT | 20.57 | 16.95 | 13.87 | 10.42 | 5.47 | 10.42 | — | 49.55 | 9.03 | 49.07 | — |
| EV / FCF | — | 15.37 | 16.46 | 12.68 | 6.65 | 7.33 | 36.05 | 69.81 | 20.09 | 51.17 | 112.10 |
OXY Profitability
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 14.5%. 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 7.9%. ROIC of 4.7% represents below-average returns on invested capital versus a sector median of 6.4%.
Margins
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% |
Return on Capital
| 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 | 4.7% | 4.7% | 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% |
OXY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Occidental Petroleum Corporation carries a Debt/EBITDA ratio of 2.1x, which is manageable (12% below the sector average of 2.4x). Net debt stands at $22.0B ($24.0B 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 | 0.65 | 0.65 | 0.79 | 0.69 | 0.69 | 1.49 | 2.01 | 1.17 | 0.48 | 0.48 | 0.46 |
| Debt / EBITDA | 2.11 | 2.11 | 2.02 | 1.53 | 1.02 | 2.29 | 6.00 | 5.33 | 1.50 | 1.93 | 3.00 |
| Net Debt / Equity | — | 0.60 | 0.72 | 0.64 | 0.66 | 1.36 | 1.90 | 1.08 | 0.34 | 0.40 | 0.35 |
| Net Debt / EBITDA | 1.93 | 1.93 | 1.86 | 1.43 | 0.97 | 2.09 | 5.68 | 4.92 | 1.06 | 1.60 | 2.32 |
| Debt / FCF | — | 5.35 | 5.65 | 3.21 | 1.59 | 3.65 | 24.85 | 36.71 | 2.70 | 6.46 | 13.72 |
| Interest Coverage | 4.14 | 4.14 | 4.46 | 7.80 | 14.71 | 3.30 | -10.03 | 1.33 | 15.42 | 3.81 | -5.32 |
OXY Liquidity & Efficiency
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 | 0.74 | 0.74 | 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 | — | 0.25 | 0.32 | 0.38 | 0.50 | 0.35 | 0.21 | 0.18 | 0.36 | 0.30 | 0.23 |
| Inventory Turnover | 7.84 | 7.84 | 8.33 | 9.19 | 9.33 | 9.94 | 8.80 | 9.34 | 8.46 | 7.77 | 10.99 |
| Days Sales Outstanding | — | 56.00 | 57.19 | 52.78 | 43.10 | 59.16 | 45.04 | 80.41 | 114.70 | 121.42 | 144.24 |
OXY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Occidental Petroleum Corporation returns 2.9% 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 2.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 2.9% | 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% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 3.9% | 4.9% | 6.5% | 19.7% | 5.5% | — | — | 8.8% | 2.3% | — |
| FCF Yield | 7.5% | 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 | 2.9% | 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 |
Peer Comparison
Compare OXY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OXYYou | $55B | 34.2 | 6.7 | 13.3 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 CVX | $369B | 27.9 | 11.0 | 22.3 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
 COP | $145B | 18.7 | 7.0 | 8.6 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 EOG | $72B | 14.8 | 6.1 | 18.4 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
 DVN | $29B | 11.1 | 4.9 | 9.3 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 APA | $14B | 9.6 | 3.4 | 7.6 | 37.3% | 30.8% | 21.5% | 17.8% | 0.9 |
 LYB | $24B | -31.3 | 34.0 | 61.6 | 9.0% | -1.1% | -6.5% | -1.1% | 15.0 |
 FANG | $55B | 34.0 | 7.0 | 10.5 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 OVV | $15B | 12.5 | 5.5 | 10.1 | 28.6% | 21.6% | 11.5% | 8.0% | 1.8 |
 DOW | $28B | -10.4 | 14.1 | — | 6.0% | 0.7% | -14.8% | 0.6% | 6.3 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonOXY — Frequently Asked Questions
Quick answers to the most common questions about buying OXY stock.
What is Occidental Petroleum Corporation's P/E ratio?
Occidental Petroleum Corporation's current P/E ratio is 34.2x. The historical average is 17.6x. This places it at the 92th percentile of its historical range.
What is Occidental Petroleum Corporation's EV/EBITDA?
Occidental Petroleum Corporation's current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.6x.
What is Occidental Petroleum Corporation's ROE?
Occidental Petroleum Corporation's return on equity (ROE) is 6.7%. The historical average is 11.7%.
Is OXY stock overvalued?
Based on historical data, Occidental Petroleum Corporation is trading at a P/E of 34.2x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Occidental Petroleum Corporation's dividend yield?
Occidental Petroleum Corporation's current dividend yield is 2.90% with a payout ratio of 67.3%.
What are Occidental Petroleum Corporation's profit margins?
Occidental Petroleum Corporation has 33.8% gross margin and 17.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Occidental Petroleum Corporation have?
Occidental Petroleum Corporation's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.