Occidental Petroleum Corporation (OXY) AI Stock Analysis

Occidental Petroleum Corporation acquires, explores, and develops oil and gas properties across the United States, the Middle East, Africa, and Latin America. It operates via three primary segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas unit uncovers and produces oil, condensate, natural gas liquids, and natural gas. The Chemical segment manufactures and distributes industrial products including chlorine, caustic soda, potassium chemicals, ethylene dichloride, and vinyls such as polyvinyl chloride. The Midstream and Marketing segment manages gathering, processing, transportation, and storage for hydrocarbons, carbon dioxide, and power, while engaging in energy trading and strategic investments.

Between FY2020 and FY2025, Occidental Petroleum generated a 5-year revenue compound annual growth rate of 4.7%. Revenue expanded to $36.25B in FY2022 before dropping 21.9% in FY2023 to $28.33B, 22.3% in FY2024 to $22.02B, and 1.9% in FY2025 to $21.59B. Operating margin contracted from 36.6% in FY2022 to 17.2% in FY2025, while net income declined from $13.22B to $2.37B over the same span. Trailing twelve month results showed a rebound, with revenue at $23.93B and an operating margin of 45.4%. For the latest quarter ended June 30, 2026, quarterly revenue grew 53.4% year-over-year, while quarterly earnings surged 964.9%.

As of June 30, 2026, Occidental Petroleum held $4.15B in cash and short-term investments alongside total debt of $14.63B, leading to net debt of $10.48B. Total assets stood at $80.36B against shareholders' equity of $41.75B, with a debt-to-equity ratio of 0.35 and a current ratio of 1.41. In FY2025, the company generated $10.53B in operating cash flow and $4.11B in free cash flow. Capital allocation in FY2025 included $6.43B in capital expenditures, $1.59B in dividends paid, and $966.0M in share issuances, while share count grew 4.1% over five years.

Occidental Petroleum trades at a trailing price-to-earnings ratio of 17.7x, below the 18.2x median of its S&P 500 Energy peers. Its forward price-to-earnings ratio of 14.6x sits above the peer median of 13.4x, while its enterprise value-to-EBITDA ratio of 5.4x trades at a discount to the peer median of 8.4x. The price-to-sales multiple is 2.6x versus the peer median of 2.1x. Over the past year, the stock returned 55.0%, outperforming the S&P 500 (SPY) return of 16.8%. Over five years, the stock gained 111.8% compared to 83.0% for the index.

Occidental Petroleum pays a forward annual dividend of $1.12 per share, representing a 1.80% dividend yield at its last close of $62.38. The company has paid consecutive dividends for 45 years, with an annualized 5-year dividend growth rate of 3.2%. The dividend payout ratio stands at 23.6%, and the most recent ex-dividend date was September 10, 2026.

Wall Street coverage consists of 9 Strong Buy, 2 Buy, and 16 Hold ratings, with no Sell or Strong Sell ratings. The mean price target of $69.58 implies an upside of 11.5% from the last closing price of $62.38. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $6.68 on revenue of $27.33B. For the following fiscal year, 25 analysts forecast EPS to decline 28.7% to $4.76 on revenue of $25.56B. Occidental Petroleum beat EPS expectations in each of its last 4 quarters, and its next earnings date is November 9, 2026.

This page is an AI-written research summary of Occidental Petroleum Corporation (OXY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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