Occidental Petroleum (OXY) stock
Energy · Oil & Gas Exploration & Production
Occidental Petroleum (OXY) is an Oil & Gas Exploration & Production company in the Energy sector, headquartered in Houston, Texas. As of October 23, 2026, OXY closed at $64.17, a market capitalization of $64.15 billion, the 192nd largest company in the S&P 500. Over the last twelve months it generated $23.93 billion in revenue (+53% year over year) and $4.79 billion in free cash flow. The stock trades at 18.2x trailing earnings and 12.8x forward earnings.
- 1-year total return: +52.6% (dividends reinvested)
- 5-year return: +15.2% a year
- 52-week range: $38.80 – $67.45
- Gross margin 73.3%, operating margin 45.4%
- Dividend yield: 1.75%, 4 straight years of increases
- FI Handbook report card: B across 10 metrics
- 12th largest of 21 Energy stocks in the S&P 500
OXY price chart
1Y price change: +49.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| OXY | +11.9% | +58.2% | +52.6% | +2.6% | +15.2% | +1.2% | +8.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1981.
OXY key statistics
- Market cap
- $64.1B
- #192 in S&P 500
- P/E (TTM)
- 18.2x
- Forward P/E
- 12.8x
- EPS (TTM)
- $3.52
- Revenue (TTM)
- $23.9B
- +53%
- Free cash flow
- $4.8B
- Gross margin
- 73.3%
- Operating margin
- 45.4%
- Return on equity
- 10.6%
- Dividend yield
- 1.75%
- 52-week range
- $38.80 – $67.45
- Beta
- 0.24
- Price / sales
- 2.7x
- EV / EBITDA
- 6.1x
- Debt / equity
- 0.35x
- Employees
- 10,412
OXY report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth53.4%A
- Gross margin73.3%A
- Operating margin45.4%A
- FCF margin20.0%B
- Return on equity10.6%C
- Net debt / EBITDA0.8xB
- Forward P/E12.8xA
- PEG ratio1.1xB
- Shareholder yield1.7%C
- Share count change / yr1.7%D
Occidental Petroleum Corporatio financials
Revenue went from $10.1B in fiscal 2016 to $21.6B in fiscal 2025, growing 8.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1B | $12.5B | $15.6B | $19.2B | $17.1B | $26.0B | $36.2B | $23.2B | $22.7B | $21.6B |
| Gross profit | — | $9.6B | $12.7B | $16.4B | $14.7B | $23.2B | $33.0B | $20.1B | $19.6B | — |
| Net income | -$574.0M | $1.3B | $4.1B | -$985.0M | -$14.8B | $2.3B | $13.3B | $4.7B | $3.1B | $2.4B |
| EPS (diluted) | $-0.75 | $1.70 | $5.39 | $-1.22 | $-17.06 | $1.58 | $12.40 | $3.90 | $2.44 | $1.61 |
| Free cash flow | $667.0M | $1.3B | $2.7B | $1.0B | $1.4B | $7.6B | $12.3B | $6.6B | $5.2B | $4.1B |
| Buybacks | $22.0M | $25.0M | $1.2B | $237.0M | $12.0M | $8.0M | $3.1B | $1.8B | $27.0M | $0 |
| Dividends paid | $2.3B | $2.3B | $2.4B | $2.6B | $1.8B | $839.0M | $1.2B | — | — | — |
| Diluted shares | 763.8M | 765.9M | 763.3M | 809.5M | 918.7M | 958.8M | 1.0B | 960.9M | 967.1M | 1.0B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into OXY?
A reverse DCF asks what growth the current price requires. With an enterprise value of $74.6B and $4.8B of trailing free cash flow, Occidental Petroleum Corporatio needs to grow free cash flow about 4.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 23.7% a year over the last five years.
P/E ratio history
Current 39.9x vs. median 15.6x (10th–90th percentile 7.8x–45.6x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
OXY dividend
- Dividend yield
- 1.75%
- Annual dividend
- $1.12
- Years of increases
- 4
- 5-yr dividend growth
- 100.0%
- per year
- Payout ratio
- 28%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
OXY analyst price targets
26 analysts' average 12-month target is $70.54 (+10% vs. $64.17). Targets range from $60.00 to $82.00. 44% rate it a buy.
OXY earnings
Next report: November 9, 2026. Occidental Petroleum Corporatio has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $8.1B (+53% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $1.85 | $2.40 | +29.8% |
| May 5, 2026 | $0.59 | $1.06 | +80.3% |
| Feb 18, 2026 | $0.17 | $0.31 | +83.8% |
| Nov 10, 2025 | $0.52 | $0.64 | +22.7% |
| Aug 6, 2025 | $0.31 | $0.39 | +24.8% |
| May 7, 2025 | $0.76 | $0.87 | +14.0% |
| Feb 18, 2025 | $0.67 | $0.80 | +19.4% |
| Nov 12, 2024 | $0.75 | $1.00 | +33.2% |
Stocks like OXY
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 COP ConocoPhillips | +3.55% | +73% | $181.2B | 20.0x | Compare |
 EOG EOG Resources | +3.21% | +56% | $85.5B | 12.7x | Compare |
 FANG Diamondback Energy | +4.37% | +43% | $57.6B | 40.0x | Compare |
 DVN Devon Energy | +4.49% | +58% | $56.5B | 11.2x | Compare |
 EQT EQT | +1.76% | +5% | $34.8B | 12.9x | Compare |
 TPL Texas Pacific Land | +1.38% | +9% | $23.3B | 43.1x | Compare |
 EXE Expand Energy | +0.29% | -9% | $21.6B | 8.0x | Compare |
 APA APA | +4.98% | +117% | $18.2B | 11.0x | Compare |
OXY news
- Berkshire Owns Both Chevron and Occidental. Which Oil Stock Is the Better Buy Now? · Oct 24, 2026
- Why the Market Dipped But Occidental Petroleum (OXY) Gained Today · Oct 23, 2026
- Zacks.com featured highlights include Ultrapar Participacoes, Chatham Lodging, Arcos Dorados, Occidental and Kohl's · Oct 23, 2026
- Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know · Oct 20, 2026
- Surging Earnings Estimates Signal Upside for Occidental (OXY) Stock · Oct 19, 2026
OXY stock FAQ
What is OXY's market cap?
Occidental Petroleum's market capitalization is $64.15 billion as of October 23, 2026, ranking 192nd in the S&P 500.
What is OXY's P/E ratio?
OXY trades at a trailing price-to-earnings ratio of 18.2x and a forward P/E of 12.8x. Its median P/E over the period we track is 15.6x.
Does OXY pay a dividend?
Yes. Occidental Petroleum pays $1.12 per share a year, a 1.75% yield. It has raised its dividend 4 years in a row. Dividends grew 100.0% a year over the last five years.
How much has OXY stock returned?
Including reinvested dividends, OXY returned +52.6% over one year, +15.2% a year over five years, +1.2% a year over ten years through October 23, 2026.
Is OXY stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Occidental Petroleum must grow free cash flow about 4% a year for the next decade. Its free cash flow grew 24% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the OXY price target?
26 analysts cover OXY with an average 12-month price target of $70.54, +10% from the current price. 44% of them rate it a buy.
When does OXY report earnings?
Occidental Petroleum is expected to report earnings on November 9, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Occidental Petroleum have?
Occidental Petroleum has about 10,412 full-time employees, or $2.3 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology