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Occidental Petroleum Corp
NYSE:OXY

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Occidental Petroleum Corp Logo
Occidental Petroleum Corp
NYSE:OXY
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Price: 64.565 USD 0.57%
Updated: Mar 28, 2024

Intrinsic Value

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. [ Read More ]

The intrinsic value of one OXY stock under the Base Case scenario is 66.832 USD. Compared to the current market price of 64.565 USD, Occidental Petroleum Corp is Undervalued by 3%.

Key Points:
OXY Intrinsic Value
Base Case
66.832 USD
Undervaluation 3%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Occidental Petroleum Corp

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Fundamental Analysis

Occidental Reports Strong 2023 Results
2023-Q4 Earnings Call

Occidental Reports Strong 2023 Results

In 2023, Occidental celebrated a banner year driven by expert teams who leveraged advanced technologies across their portfolio, generating $5.5 billion in free cash flow. This financial strength funded $600 million in dividends, $1.8 billion in share repurchases, and $1.5 billion in preferred share redemptions. Production surpassed guidance by 43,000 BOE per day, thanks to record well productivity. Their global proved reserves grew from 3.8 to 4.0 billion BOE, indicating robust resource replenishment. OxyChem outperformed with $1.5 billion in pretax income and continued progress on the STRATOS air capture facility. Strategic movements, such as acquiring CrownRock, enhanced their oil and gas portfolio. Occidental aims to repay $4.5 billion in debt, prioritizing debt reduction to strengthen financial standing.

Financials

Balance Sheet Decomposition
Occidental Petroleum Corp

Current Assets 8.4B
Cash & Short-Term Investments 1.4B
Receivables 3.2B
Other Current Assets 3.8B
Non-Current Assets 65.6B
Long-Term Investments 3.2B
PP&E 59.7B
Other Non-Current Assets 2.8B
Current Liabilities 9.1B
Accounts Payable 3.6B
Accrued Liabilities 4.3B
Other Current Liabilities 1.2B
Non-Current Liabilities 34.6B
Long-Term Debt 18.5B
Other Non-Current Liabilities 16.1B
Efficiency

Earnings Waterfall
Occidental Petroleum Corp

Revenue
28.3B USD
Cost of Revenue
-11.3B USD
Gross Profit
17B USD
Operating Expenses
-10.6B USD
Operating Income
6.4B USD
Other Expenses
-2.6B USD
Net Income
3.8B USD

Free Cash Flow Analysis
Occidental Petroleum Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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What is Free Cash Flow?
Fundamental Scores

OXY Profitability Score
Profitability Due Diligence

Occidental Petroleum Corp's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
ROE is Increasing
Positive 3-Years Revenue Growth
59/100
Profitability
Score

Occidental Petroleum Corp's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

OXY Solvency Score
Solvency Due Diligence

Occidental Petroleum Corp's solvency score is 39/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
39/100
Solvency
Score

Occidental Petroleum Corp's solvency score is 39/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

OXY Price Targets Summary
Occidental Petroleum Corp

Wall Street analysts forecast OXY stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for OXY is 67.588 USD with a low forecast of 58.58 USD and a high forecast of 84 USD.

Lowest
Price Target
58.58 USD
9% Downside
Average
Price Target
67.588 USD
5% Upside
Highest
Price Target
84 USD
30% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

OXY Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

OXY Price
Occidental Petroleum Corp

1M 1M
+7%
6M 6M
-2%
1Y 1Y
+4%
3Y 3Y
+142%
5Y 5Y
+7%
10Y 10Y
-4%
Annual Price Range
64.565
52w Low
55.55
52w High
67.3
Price Metrics
Average Annual Return 21.57%
Standard Deviation of Annual Returns 78.08%
Max Drawdown -86%
Shares Statistics
Market Capitalization 56.8B USD
Shares Outstanding 879 499 008
Percentage of Shares Shorted 10.62%

OXY Return Decomposition
Main factors of price return

What is price return decomposition?

OXY News

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Last Important Events
Occidental Petroleum Corp

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Sentiment Analysis
Occidental Petroleum Corp

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Company Profile

Occidental Petroleum Corp Logo
Occidental Petroleum Corp

Country

United States of America

Industry

Energy

Market Cap

56.8B USD

Dividend Yield

1.36%

Description

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. The company is headquartered in Houston, Texas and currently employs 11,678 full-time employees. The firm primarily conducts its ongoing exploration and production activities in the United States, the Middle East and North Africa. Within the United States, it has operations in Texas, New Mexico and Colorado, as well as offshore in the Gulf of Mexico. The firm operates through three reporting segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment (OxyChem) primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. Its midstream and marketing segment also includes Occidental’s low carbon ventures (OLCV) businesses.

Contact

TEXAS
Houston
5 Greenway Plz Ste 110
+17132157000.0
http://www.oxy.com/

IPO

1964-03-03

Employees

11 678

Officers

President, CEO & Director
Ms. Vicki A. Hollub
Executive Vice President of Essential Chemistry
Mr. Robert L. Peterson
Senior VP and President of Operations - U.S. Onshore Resources & Carbon Management
Mr. Richard A. Jackson
Senior VP and President of International Oil & Gas Operations
Mr. Kenneth Dillon
VP and President of Commercial Development - U.S. Onshore Resources & Carbon Management
Mr. Peter J. Bennett
Senior VP & CFO
Mr. Sunil Mathew
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VP, Chief Accounting Officer & Controller
Mr. Christopher O. Champion
Chief Information Officer & VP
Mr. Ioannis A. Charalambous
Vice President of Investor Relations
Mr. Jordan Tanner
VP, Deputy General Counsel, Corporate Secretary & Chief Compliance Officer
Ms. Nicole E. Clark
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See Also

Discover More
What is the Intrinsic Value of one OXY stock?

The intrinsic value of one OXY stock under the Base Case scenario is 66.832 USD.

Is OXY stock undervalued or overvalued?

Compared to the current market price of 64.565 USD, Occidental Petroleum Corp is Undervalued by 3%.