Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
Future Cash Flow | Explore OXY's projected $1 billion cash flow increase by 2026 from chemicals, midstream, and low carbon ventures, with further growth expected |
Diversified Portfolio | Learn how OXY's geographic and segment diversification balances regional volatility, offsetting weaker Permian and Gulf of Mexico results |
Debt Management | OXY retires $2.3 billion in debt year-to-date, with only $300 million in maturities over next 14 months, showcasing proactive financial management |
Efficiency Gains | Occidental Petroleum achieves 15% drilling efficiency improvement in Permian Basin, reducing capital expenditure while maintaining production guidance |
Metrics to compare | OXY | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipOXYPeersSector | |
|---|---|---|---|---|
P/E Ratio | 41.2x | 18.6x | 6.9x | |
PEG Ratio | −1.19 | −0.50 | 0.00 | |
Price / Book | 2.0x | 1.7x | 1.1x | |
Price / LTM Sales | 2.6x | 1.0x | 1.5x | |
Upside (Analyst Target) | 17.4% | −1.5% | 16.1% | |
Fair Value Upside | Unlock | 20.3% | 4.8% | Unlock |