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Updated: Jun 10, 2026
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Occidental Petroleum

NYSE:OXY·Stock Analysis Report
Day Range
$56.65 - $57.86
Market Cap
56.35B
P/E Ratio
76.4189
Avg Value
$53.13
Year Range
$38.80 - $67.45
$57.83$1.28 (2.26%)
1
General Information
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 2025, the company reported net proved reserves of 4.6 billion barrels of oil equivalent. Net production averaged 1.4 million barrels of oil equivalent per day in 2025 at a ratio of roughly 74% oil and natural gas liquids and 26% natural gas.

2
Occidental Petroleum (OXY) Stock Graph
3
How We Grade Occidental Petroleum (OXY)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Occidental Petroleum (OXY) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

80.08

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

68.41

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Occidental Petroleum compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
IMOImperial Oil
73.41
N/A
43.75
84.61
CVECenovus Energy
87.13
N/A
80.10
93.20
SUSuncor Energy
84.78
N/A
69.66
87.54
EEni
87.99
N/A
32.74
89.53
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 13 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $57.00 - $75.00 with an average of $66.87

18.03%
Expected movement for Occidental Petroleum (OXY) over the next 12 months
Based on these rankings

Recent Ratings for Occidental Petroleum (OXY)

Mizuho
Date:
May 27, 2026
Action:
Maintains
Prev. Target:
$72.00
New Target:
$75.00
Barclays
Date:
May 26, 2026
Action:
Upgrades
Prev. Target:
$59.00
New Target:
$72.00
Morgan Stanley
Date:
May 22, 2026
Action:
Maintains
Prev. Target:
$73.00
New Target:
$74.00
Truist Securities
Date:
May 8, 2026
Action:
Maintains
Prev. Target:
$65.00
New Target:
$57.00
Scotiabank
Date:
Apr 22, 2026
Action:
Maintains
Prev. Target:
$46.00
New Target:
$57.00
UBS
Date:
Apr 13, 2026
Action:
Maintains
Prev. Target:
$64.00
New Target:
$67.00
Wells Fargo
Date:
Apr 9, 2026
Action:
Maintains
Prev. Target:
$69.00
New Target:
$72.00
Citigroup
Date:
Mar 30, 2026
Action:
Maintains
Prev. Target:
$45.00
New Target:
$67.00
HSBC
Date:
Mar 20, 2026
Action:
Maintains
Prev. Target:
$59.00
New Target:
$68.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, OXY's earnings have decreased for the past three years, this is a negative sign for the stock.
8
Financial Health
What is the current state of the company's financial situation?

We measure the health of a company based on how profitable they are and their ability to cover both their short-term and long-term debts. The key indicators that we use are the Operating Margin, Quick Ratio, and Debt-to-Equity ratio relative to the companies peers

Operational Margin 0.1772

The operating margin measures how much profit a company makes after it spends money on wages, materials or other administrative expenses but before interest and taxes. It is a good representation of how efficiently a company is able to generate profit from its core operations.

Quick Ratio 0.9045

The quick ratio measures how much of a company's debt, that is due in less than 1 year, can be covered using its cash equivalents, marketable securities, and money that is currently owed to them (accounts receivables).

A company with a quick ratio of less than 1.00 does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a quick ratio greater than one indicates the company has the financial resources to remain solvent in the short term.

Debt-to-Equity 1.0507

Debt-to-equity is calculated by dividing a company's total liabilities by its shareholders equity. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. Generally speaking, a D/E ratio below 1.0 would be seen as relatively safe, whereas ratios of 2.0 or higher would be considered risky.

The chart above shows Occidental Petroleum (OXY) operating margin, quick ratio, and debt-to-equity ratio compared to its peers. The black markers represent the peer averages for each ratio and the blue bars represent Occidental Petroleum (OXY) ratio values.
9
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Occidental Petroleum (OXY) dividend yield on an annual basis.

1,173.85%
Occidental Petroleum (OXY) saw a increase in its dividend yield since 2021
10
Past Performance
How has Occidental Petroleum (OXY) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Occidental Petroleum (OXY) sharpe ratio over the past 5 years is 1.1063 which is considered to be below average compared to the peer average of 1.2024

11
Analyzing Occidental Petroleum (OXY) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, OXY's options trades have recently carried more positive sentiment than negative.

12
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is OXY's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
36.63
28.26
26.73
21.59
20.02
Operating Revenue
36.77
28.33
27.41
21.57
20.23
Cost Of Revenue
18.99
18.15
17.18
14.05
13.04
Gross Profit
17.64
10.11
9.55
7.54
6.99
Operating Expense
3.98
3.70
3.96
3.82
3.81
Selling General And Administration
0.95
1.08
1.06
0.99
0.96
Research and Development
Operating Income
13.67
6.41
5.59
3.72
3.17
Net Non-Operating Interest Income Expense
-0.88
-0.81
-1.00
-0.86
-0.95
Other Income Expense
1.33
0.82
-0.52
0.19
-0.11
Other Non-Operating Income Expenses
-1.27
-1.08
Pre-Tax Income
14.12
6.43
4.07
3.05
2.11
Tax Provision
0.81
1.73
1.17
1.02
0.79
Net Income
13.30
4.70
3.06
2.33
4.74
Net Income Common Stockholders
12.42
3.76
2.36
1.61
4.01
Total Operating Income As Reported
Total Expenses
22.97
21.84
21.13
17.87
16.85
Net Income From Continuing And Discontinued Operation
13.30
4.70
3.06
2.33
4.74
Normalized Income
12.89
4.45
3.86
1.91
1.29
Interest Income
0.15
0.14
0.17
0.22
0.24
Interest Expense
1.03
0.94
1.18
1.08
1.19
Net Interest Income
-0.88
-0.81
-1.00
-0.86
-0.95
EBIT
15.15
7.37
5.25
4.13
3.30
EBITDA
22.07
14.24
12.62
11.66
10.71
Reconciled Cost Of Revenue
18.99
18.15
17.18
14.05
13.04
Reconciled Depreciation
6.93
6.87
7.37
7.53
7.41
Normalized EBITDA
21.54
13.95
14.00
11.47
10.68
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.39
Tax Effect Of Unusual Items
0.12
0.04
-0.40
0.04
-0.03
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
72.61
74.01
85.44
84.19
80.46
Current Assets
8.89
8.38
9.07
8.83
11.07
Total Non-Current Assets
63.72
65.63
76.38
75.36
69.39
Total Liabilities Net Minority Interest
42.52
43.66
50.97
47.59
40.90
Current Liabilities
7.76
9.15
9.52
9.43
9.15
Other Non-Current Liabilities
3.33
3.78
1.43
1.61
1.72
Total Equity Gross Minority Interest
30.09
30.35
34.48
36.60
39.56
Stockholders Equity
Total Capitalization
49.21
48.20
58.48
55.86
53.42
Common Stock Equity
20.32
21.96
25.87
27.75
30.65
Net Tangible Assets
30.09
30.25
34.16
36.03
38.93
Working Capital
1.13
-0.77
-0.45
-0.60
1.92
Invested Capital
39.47
40.96
51.20
49.14
45.35
Tangible Book Value
20.32
21.96
25.87
27.75
30.65
Total Debt
20.77
20.91
27.10
23.35
16.61
Net Debt
18.16
17.57
23.19
19.43
10.90
Share Issued
1.10
1.11
1.17
1.21
1.22
Ordinary Shares Number
0.90
0.88
0.94
0.99
0.99
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
16.81
12.31
11.74
9.61
8.85
Net Income from Continuing Operations
13.30
4.70
3.08
2.37
4.78
Depreciation and Amortization
Deferred Tax
-1.64
0.06
-0.46
0.13
0.31
Deferred Income Tax
-1.64
0.06
-0.46
0.13
0.31
Stock-Based Compensation
Other Non-Cash Items
0.08
0.20
0.47
0.27
-2.26
Change in Working Capital
-1.33
0.66
0.02
-1.07
-2.07
Change in Receivables
-0.10
1.09
0.17
0.19
-0.83
Changes in Account Receivables
Change in Inventory
-0.23
-0.09
-0.05
0.01
0.04
Change in Payables and Accrued Expense
-0.48
-0.55
-0.66
-0.96
-0.76
Change in Payable
Change in Account Payable
Change in Other Current Assets
-0.34
-0.01
Change in Other Current Liabilities
Change in Other Working Capital
-0.19
0.23
0.56
-0.31
-0.29
Cash Flow from Continuing Investing Activities
-4.87
-6.98
-14.59
-4.68
-5.57
Net PPE Purchase and Sale
Net Business Purchase and Sale
-1.11
-0.47
-0.21
-0.29
-0.27
Purchase of Business
-0.99
-0.71
-9.13
-0.28
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
0.73
-0.24
-7.36
2.03
0.78
Financing Cash Flow
-13.72
-4.89
3.84
-4.84
-11.24
Cash Flow from Continuing Financing Activities
-13.72
-4.89
3.84
-4.83
-11.23
Net Issuance Payments of Debt
-9.48
-0.02
5.10
-3.75
-10.14
Net Long-Term Debt Issuance
-9.48
-0.02
5.10
-3.75
-10.14
Long-Term Debt Issuance
Long-Term Debt Payments
-9.88
-0.92
-4.51
-3.75
-10.14
Net Short-Term Debt Issuance
Net Common Stock Issuance
-2.81
-1.66
0.56
0.97
0.98
Common Stock Issuance
0.29
0.14
0.58
0.97
1.04
Common Stock Payments
-3.10
-1.80
-0.03
Cash Dividends Paid
-1.18
-1.36
-1.45
-1.59
-1.62
Net Other Financing Charges
-0.24
-0.18
-0.36
-0.45
-0.45
End Cash Position
5.66
3.86
7.18
9.24
10.45
Changes in Cash
-1.78
0.44
0.69
-0.11
1.21
Beginning Cash Position
7.43
3.43
6.49
9.35
9.24
Capital Expenditure
-4.50
-6.27
-7.02
-6.43
-6.07
Issuance of Capital Stock
0.29
0.14
0.58
0.97
1.04
Issuance of Debt
Repayment of Debt
-9.88
-0.92
-4.51
-3.75
-10.14
Repurchase of Capital Stock
-3.10
-3.46
-0.03
Free Cash Flow
12.31
6.04
4.42
4.11
3.59