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Occidental Petroleum (OXY) stock

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NYSE: OXY NYSE Oil & Gas Exploration & Production Next results ~November 9, 2026

Occidental Petroleum is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Occidental Petroleum valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Occidental Petroleum files

Where Occidental Petroleum stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $21.7bn, up 7.3% on a year earlier, faster than -13.3% a quarter earlier. Free-cash-flow margin fell to 22.1% from 30.0% a year earlier. It passes 4 of our 5 financial-health checks.

Our model value for Occidental Petroleum is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Occidental Petroleum's trailing-twelve-month revenue grew 7.3% year on year, with a free-cash-flow margin of 22.1%.

Our discounted-cash-flow model values the business at ~$74 per share in the base case (~$51–$100 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 20.8% while net income grew 287.4%: a 308pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 20.6 points higher than a quarter earlier.
  • Strong cash generation. 22.1% of revenue turned into free cash flow.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 27.7% over 90 days.

Things to watch

  • Weak cash conversion. Free cash flow was 73% of net income over the last 12 months.
  • Earnings expected to fall. The consensus expects earnings per share to fall 28% next year.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$2.40 against an average estimate of $1.86: beat by 29.0%
Revenue
$8.06bn, up 53.4% on a year earlier
Share reaction
+0.5% in the first session after the results on October 13, 2026, against -1.1% for the S&P 500
Next report
November 9, 2026; average EPS estimate $1.47

Occidental Petroleum's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.1%
  • 1 week-5.2%
  • 1 month+4.5%
  • This year+49.7%
  • 1 year+50.3%
  • 5 years+92.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$21.7B
Net margin
30.1%
EPS (TTM, diluted)
$6.49

Growth

Revenue growth
+7.3%
Change in growth rate
+20.6 pts
Share count change
+1.8%

Cash

Free cash flow (TTM)
$4.8B
FCF margin
22.1%

Earnings

Last results
October 13, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Occidental Petroleum valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Occidental Petroleum as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.55 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: This model is withheld pending its input or assumption review.
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$37 ~$29–$55 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Occidental Petroleum with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$49.86$54.83$59.48$51.72$37.09$16.09$26.98$59.11$56.70$47.68$40.55$60.72
Market value$38.2bn$41.9bn$45.6bn$39.5bn$30.0bn$14.8bn$25.9bn$59.2bn$54.5bn$46.1bn$40.6bn$61.1bn
+ Net debt (− = net cash)$5.2bn$7.7bn$8.2bn$7.4bn$35.6bn$34.2bn$26.9bn$18.9bn$18.3bn$24.0bn$20.4bn$9.6bn
Enterprise value$43.3bn$49.6bn$53.8bn$46.9bn$65.6bn$49.0bn$52.7bn$78.1bn$72.8bn$70.1bn$61.0bn$70.7bn
Multiples
Price / sales 3.1x4.2x3.6x2.2x1.4x0.8x1.0x1.6x2.4x2.1x1.9x2.8x
Price / earnings ——34.8x9.6x——11.1x4.5x11.6x19.5x25.2x9.4x
Price / free cash flow —62.8x36.1x14.7x29.8x10.4x3.4x4.8x8.2x8.9x9.9x12.8x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

74 /100

Strong moat

How hard Occidental Petroleum's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 22.4% of total assets over 6 years.

  • Pricing power 20 / 20

    Gross margin has been a median 87.4%, moving by 2.3 percentage points (standard deviation) across 7 years.

  • Durability 5 / 20

    Net margin has been a median 18.0%; its worst year was -58.3%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 21.6% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 7.5% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $6.9bn and EPS of $1.47 (range $0.88 to $2.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $6.94 +214% $27.9bn +26%
Next $5.02 −28% $26.1bn −6%

Next year's EPS estimate has moved +27.7% in 90 days, across 26 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +27.5% on 90 days ago. In the last 30 days, 5 analysts raised Occidental Petroleum's forecast and 0 cut it.

Consensus EPS forecast Occidental Petroleum, last 90 days
$3.00 $4.00 $5.00 $6.00 $7.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.44 Current fiscal year, 60 days ago: $5.83 Current fiscal year, 30 days ago: $6.14 Current fiscal year, 7 days ago: $6.75 Current fiscal year, Now: $6.94 $6.94 Next fiscal year, 90 days ago: $3.93 Next fiscal year, 60 days ago: $3.83 Next fiscal year, 30 days ago: $4.02 Next fiscal year, 7 days ago: $4.84 Next fiscal year, Now: $5.02 $5.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.44$3.93
60 days ago $5.83$3.83
30 days ago $6.14$4.02
7 days ago $6.75$4.84
Now $6.94$5.02

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.86 $2.40 +29.0%
Mar 2026 $0.59 $1.06 +80.3%
Dec 2025 $0.17 $0.31 +83.8%
Sept 2025 $0.52 $0.64 +22.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 13, 2026

No numeric guidance in Occidental Petroleum's latest earnings release (filed October 13, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

28 analysts, Oct 2026
Buy1243%
Hold1657%
Sell00%

Monthly trend

  1. Oct 20262101628
  2. Sep 2026281626
  3. Aug 2026271524
  4. Jul 2026271424

Counts of recommendations published by analysts covering Occidental Petroleum, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.01
at average volume
Short interest, 1 month
−99%
to October 15, 2026
Held by institutions
58%
of shares
Held by insiders
26.8%
of shares
Employees
10,412
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +50.3%

$40.40 on October 31, 2025 to $60.72

ThenNowEffect
Revenue (last 12 months) $20.2bn $21.7bn +7.3%
Net margin 8.4% 30.1% +260.9%
P/E multiple 23.7x 9.4x −60.5%
Share count 989m 1007m −1.8%

Biggest factor: net margin.

Last 3 years +1.8%

$59.64 on November 3, 2023 to $60.72

ThenNowEffect
Revenue (last 12 months) $31.5bn $21.7bn −31.3%
Net margin 21.6% 30.1% +39.9%
P/E multiple 8.6x 9.4x +8.6%
Share count 982m 1007m −2.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OXY+68%+119%−4%−16%−15%+50%
Industry peers (median)+88%+54%−8%+2%−15%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OXY58%58%50%42%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OXY−33%−23%−17%−34%−31%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 88% from June 11, 2018 to October 28, 2020. Getting back needed a 761% gain, reached on November 7, 2022, 740 days after the low.

Price behaviour

52-week range
$38.38 – $65.63
From 52-week high
−7.5%
vs 50-day average
+1.0%
vs 200-day average
+8.8%
Volatility (1 year)
35%
Beta vs S&P 500
-0.78

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±4.2%
After a week
8 up, 4 down
typical move ±6.3%
After a month
7 up, 4 down
typical move ±9.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 13, 2026 +0.5% −1.1% +2.9% —
August 5, 2026 +1.7% −0.4% +6.3% +10.0%
July 10, 2026 +4.8% −0.3% +4.9% +12.1%
May 5, 2026 −8.5% +2.2% −6.6% −2.7%
April 10, 2026 −0.8% +0.9% −8.1% −5.8%
February 18, 2026 +12.2% +0.2% +10.9% +30.3%
January 20, 2026 +1.9% −0.9% +4.3% +20.7%
November 10, 2025 +1.3% +1.8% +0.9% +1.7%
October 10, 2025 −4.7% −1.2% −8.1% −6.1%
August 6, 2025 +1.2% +0.7% +3.9% +6.6%
July 14, 2025 −7.8% −0.2% −7.1% −4.7%
May 7, 2025 +5.5% +1.1% +11.6% +8.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Occidental Petroleum
$15B $20B $25B $30B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $29.3B Revenue (TTM), FY23 Q4: $23.2B Revenue (TTM), FY24 Q1: $21.9B Revenue (TTM), FY24 Q2: $22B Revenue (TTM), FY24 Q3: $22B Revenue (TTM), FY24 Q4: $22B Revenue (TTM), FY25 Q1: $21.7B Revenue (TTM), FY25 Q2: $20.2B Revenue (TTM), FY25 Q3: $19.6B Revenue (TTM), FY25 Q4: $19.3B Revenue (TTM), FY26 Q1: $18.9B Revenue (TTM), FY26 Q2: $21.7B $21.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $29.3B
FY23 Q4 $23.2B
FY24 Q1 $21.9B
FY24 Q2 $22B
FY24 Q3 $22B
FY24 Q4 $22B
FY25 Q1 $21.7B
FY25 Q2 $20.2B
FY25 Q3 $19.6B
FY25 Q4 $19.3B
FY26 Q1 $18.9B
FY26 Q2 $21.7B
Revenue growth, TTM YoY Occidental Petroleum
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -19.3% Revenue growth, TTM YoY, FY23 Q4: -36.8% Revenue growth, TTM YoY, FY24 Q1: -38.3% Revenue growth, TTM YoY, FY24 Q2: -30.2% Revenue growth, TTM YoY, FY24 Q3: -24.8% Revenue growth, TTM YoY, FY24 Q4: -4.9% Revenue growth, TTM YoY, FY25 Q1: -0.7% Revenue growth, TTM YoY, FY25 Q2: -8.3% Revenue growth, TTM YoY, FY25 Q3: -10.9% Revenue growth, TTM YoY, FY25 Q4: -12.2% Revenue growth, TTM YoY, FY26 Q1: -13.3% Revenue growth, TTM YoY, FY26 Q2: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -19.3%
FY23 Q4 -36.8%
FY24 Q1 -38.3%
FY24 Q2 -30.2%
FY24 Q3 -24.8%
FY24 Q4 -4.9%
FY25 Q1 -0.7%
FY25 Q2 -8.3%
FY25 Q3 -10.9%
FY25 Q4 -12.2%
FY26 Q1 -13.3%
FY26 Q2 7.3%
FCF margin (TTM) Occidental Petroleum
15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 23.2% FCF margin (TTM), FY23 Q4: 28.6% FCF margin (TTM), FY24 Q1: 24.8% FCF margin (TTM), FY24 Q2: 21.0% FCF margin (TTM), FY24 Q3: 23.2% FCF margin (TTM), FY24 Q4: 23.5% FCF margin (TTM), FY25 Q1: 24.9% FCF margin (TTM), FY25 Q2: 30.0% FCF margin (TTM), FY25 Q3: 23.2% FCF margin (TTM), FY25 Q4: 21.2% FCF margin (TTM), FY26 Q1: 17.8% FCF margin (TTM), FY26 Q2: 22.1% 22.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 23.2%
FY23 Q4 28.6%
FY24 Q1 24.8%
FY24 Q2 21.0%
FY24 Q3 23.2%
FY24 Q4 23.5%
FY25 Q1 24.9%
FY25 Q2 30.0%
FY25 Q3 23.2%
FY25 Q4 21.2%
FY26 Q1 17.8%
FY26 Q2 22.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 14.8 19.0 23.9 20.1 20.2 19.3 12.5 10.1 12.5 17.8 20.9 17.8 26.0 36.6 23.2 22.0 21.6 21.7
Gross profit — — — — — — — — 9.6 15.0 18.1 15.4 23.2 33.4 20.0 18.9 — —
Net income 2.9 4.5 6.8 4.6 5.9 0.6 −7.8 −0.6 1.3 4.1 −1.0 −14.8 2.3 13.3 4.7 2.4 1.6 6.5
Diluted EPS $3.58 $5.56 $8.32 $5.67 $7.32 $0.79 −$10.23 −$0.75 $1.70 $5.39 −$1.22 −$17.06 $1.58 $12.40 $3.90 $2.44 $1.61 $6.49
Growth (year on year)
Revenue −37.5% +28.6% +25.7% −16.0% +0.3% −4.3% −35.4% −19.2% +24.0% +42.5% +17.3% −14.8% +45.7% +41.1% −36.8% −4.9% −1.9% +7.3%
Net income −57.5% +55.4% +49.5% −32.1% +28.4% −89.6% <−999% — — +215.1% −123.8% — — +473.0% −64.7% −49.7% −31.8% +287.4%
Diluted EPS −57.1% +55.3% +49.6% −31.9% +29.1% −89.2% <−999% — — +217.1% −122.6% — — +684.8% −68.5% −37.4% −34.0% +280.5%
Margins
Gross margin — — — — — — — — 76.5% 84.1% 86.7% 86.5% 89.3% 91.1% 86.5% 85.8% — —
Net margin 19.7% 23.8% 28.3% 22.9% 29.3% 3.2% −62.7% −5.7% 10.5% 23.2% −4.7% −83.3% 8.9% 36.3% 20.3% 10.7% 7.5% 30.1%
Free-cash-flow margin 18.2% 29.5% 19.9% 17.0% 26.9% 11.1% −15.4% 6.6% 10.1% 15.1% 4.8% 8.0% 29.1% 33.6% 28.6% 23.5% 19.0% 22.1%
Cash flow
Cash from operations 5.9 9.6 12.3 11.3 12.8 11.1 3.4 3.4 4.9 7.7 7.4 4.0 10.4 16.8 12.3 11.4 10.5 11.0
Capital spending 3.2 3.9 7.5 7.9 7.4 8.9 5.3 2.7 3.6 5.0 6.4 2.5 2.9 4.5 5.7 6.3 6.4 6.2
Free cash flow 2.7 5.6 4.8 3.4 5.4 2.1 −1.9 0.7 1.3 2.7 1.0 1.4 7.6 12.3 6.6 5.2 4.1 4.8
Stock-based pay 0.2 0.1 0.1 0.1 0.2 0.1 0.0 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.2 0.2 0.2 —
Free cash flow after stock pay 2.6 5.5 4.7 3.3 5.3 2.0 −2.0 0.5 1.1 2.5 0.8 1.2 7.3 12.1 6.4 5.0 3.9 —
Balance sheet
Cash 1.2 2.6 3.8 1.6 3.4 3.8 3.2 2.2 1.7 3.0 3.0 2.0 2.8 1.0 1.4 2.1 2.0 4.2
Total debt 2.8 5.1 5.9 7.7 7.0 6.9 8.4 9.9 9.9 10.4 38.6 36.2 29.6 19.8 19.7 26.1 22.4 13.7
Net debt (negative = net cash) 1.6 2.5 2.1 6.1 3.6 3.1 5.2 7.7 8.2 7.4 35.6 34.2 26.9 18.9 18.3 24.0 20.4 9.6
Diluted shares 814m 814m 813m 810m 805m 781m 766m 764m 766m 763m 810m 919m 959m 1,002m 961m 967m 1,000m 1,007m
Returned to shareholders
Dividends 1.1 1.2 1.4 2.1 1.6 2.2 2.3 2.3 2.3 2.4 2.6 1.8 0.8 1.2 1.4 1.4 1.6 1.7
Buybacks 0.0 0.1 0.3 0.6 0.9 2.5 0.6 0.0 0.0 1.2 0.2 0.0 0.0 3.1 1.8 0.0 0.0 0.1
Total returned 1.1 1.2 1.7 2.7 2.5 4.7 2.9 2.3 2.4 3.6 2.9 1.9 0.8 4.3 3.2 1.5 1.6 1.8

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 5 checks passed · June 30, 2026
What it owns · $80.4bn
Short-term assets $11.1bnLonger-term assets $69.2bn
What it owes, and who funded it · $49.6bn
Short-term liabilities $7.9bnShareholders' equity $41.7bn
  • Short-term assets cover short-term liabilities $11.1bn of assets due within a year against $7.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $4.2bn of cash against $13.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 32% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 145% to 32% over five years.
  • A year's operating cash flow covers at least 20% of debt $11.0bn of operating cash flow against $13.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Occidental Petroleum's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$117M
Dividends (TTM)
$1.7B
Returned to shareholders
37%
of free cash flow
Buybacks, last 3 fiscal years
$1.8B
Diluted share count
+1.8%
year over year
Total shareholder yield
2.9%
dividends 2.7% + buybacks 0.2% of market value
Dividend payout ratio
25%
of net income paid out
Sales & admin spending
4.3%
of revenue
Days sales outstanding
53 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated OXY DVN EOG FANG CNQ EXE Median
Revenue, last 12 months $21.7bn $19.7bn $27.0bn $17.1bn $27.8bn $13.9bn $1.4bn
Revenue growth, last 12 months 7.3% 14.6% 19.1% 21.4% 6.6% 28.2% 10.1%
Revenue growth, 3-year average −11.8% 5.0% 1.4% 27.2% — 8.5% 1.4%
Revenue growth, latest quarter 53.4% 73.1% 57.4% 51.2% — 10.8% 31.9%
Gross margin 85.0% 63.5% — — — 25.1% 76.3%
Operating margin — 22.5% 32.9% 6.3% — 25.7% 21.1%
Operating margin, 3-year average — −48.4% 34.4% 31.1% — 15.1% 16.5%
Net margin 30.1% 16.7% 25.4% 8.6% 27.9% 19.8% 10.4%
Cash from operations / revenue 50.6% 43.5% 49.4% 59.3% 39.0% 40.5% 42.7%
Free-cash-flow margin 22.1% 23.9% 26.6% 42.8% 14.8% 18.6% 20.5%
Free-cash-flow margin, 3-year average 24.4% 20.7% 24.5% 19.1% 19.8% 12.7% 19.2%
Stock pay / revenue — 0.7% 0.9% 0.8% 0.5% 0.4% 1.5%
Change in share count 1.8% 9.9% −3.5% 3.0% −2.0% −8.5% 0.5%

Median of all 58 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Oil and Gas $20.9B ▼ 3.7%
Midstream and Marketing $1.3B ▼ 20.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue YoY
United States $18B ▼ 6.0%
Outside of North America $4.2B —
Outside the US $4.1B ▲ 0.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From Occidental Petroleum's 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$40.6B
Institutions reporting
1,226
Shares held vs prior quarter
▲ 4.2%
Positions opened / closed
121 / 181

Top buyers and sellers, Q2 2026: 620 institutions bought and 549 sold ; the biggest buyer was Qube Research & Technologies Ltd (+5.6M shares) and the biggest seller GQG Partners LLC (−18.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Berkshire Hathaway Inc $12.9B 264.9M 31.7% 0.0%
Dodge & Cox $3.5B 72.8M 8.7% ▼ 1.8%
Blackrock, Inc. $2.7B 55.9M 6.7% ▲ 6.1%
Vanguard Capital Management LLC $2.3B 48.1M 5.8% ▲ 1.4%
State Street Corp $2.3B 46.1M 5.5% ▲ 6.6%
Vanguard Portfolio Management LLC $1.9B 39.5M 4.7% ▲ 9.2%
Geode Capital Management, LLC $963M 19.9M 2.4% ▲ 2.7%
Invesco Ltd. $619M 12.7M 1.5% ▲ 68.5%
Morgan Stanley $594M 12.2M 1.5% ▲ 11.5%
AQR Capital Management LLC $557M 11.5M 1.4% ▲ 31.6%
Bank Of New York Mellon Corp $517M 10.6M 1.3% ▲ 84.8%
H&H International Investment, LLC $498M 10.3M 1.2% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Occidental Petroleum's complete shareholder register. Values are as reported by the filers ; 7 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $444,753 2 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $444,753 net buying
Insider Date Trade Shares Price Value
Jackson Richard A. President and CEO June 23, 2026 Buy 4,770 $52.38 $249,853
Klesse William R Director December 16, 2025 Buy 5,000 $38.98 $194,900

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 51 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Occidental Petroleum shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded February 10, 2026, filed March 9, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded November 12, 2025, filed December 15, 2025
  • Marjorie Taylor Greene(R-GA 14):Purchase, $1,001 - $15,000, traded October 24, 2025, filed October 28, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

  • October 13, 2026
  • August 5, 2026
  • July 10, 2026
  • May 5, 2026
  • April 10, 2026
  • February 18, 2026

Recent SEC filings

Data status

When each part of this page on Occidental Petroleum was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Occidental Petroleum in brief

What does Occidental Petroleum do?
Occidental Petroleum is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is Occidental Petroleum's stock ticker?
Occidental Petroleum trades under the ticker OXY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Occidental Petroleum's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Occidental Petroleum reported revenue of $21.7B, 7.3% higher than a year earlier, according to its SEC filings.
What is Occidental Petroleum's free cash flow?
Occidental Petroleum's free-cash-flow margin is 22.1% of revenue over the trailing twelve months.
Who are Occidental Petroleum's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Berkshire Hathaway Inc, Dodge & Cox and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Occidental Petroleum buying back stock, and does it pay a dividend?
Occidental Petroleum spent $117M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.8% over the year.
What is Occidental Petroleum's market cap?
On November 2, 2026, Occidental Petroleum's market capitalisation was about $61.1B, with a price-to-earnings ratio of 9.4 and net debt of $9.6B. Market figures come from third-party market data and may be delayed.
Does Occidental Petroleum pay a dividend?
Yes: Occidental Petroleum paid $1.7B in dividends over the trailing twelve months, a dividend yield of 2.73% and a payout ratio of 25.3%.
How much debt does Occidental Petroleum have?
Occidental Petroleum's debt-to-equity ratio is 32.4%, from its latest balance sheet (144.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Occidental Petroleum's competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to Occidental Petroleum are Devon Energy, EOG Resources, Diamondback Energy, Canadian Natural Resources Ltd and Expand Energy. The side-by-side comparison below sets their revenue, margins and growth against Occidental Petroleum's.
Are insiders buying or selling Occidental Petroleum stock?
Over the last 12 months, Occidental Petroleum's directors and officers reported 2 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Occidental Petroleum's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Occidental Petroleum announces its own schedule.