OXY

MKT CAP:$56B

Occidental Petroleum Corporation

Market Cap

$56B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Energy·Oil & Gas Exploration & Production·🇺🇸·NYSE

Stock Price

$57.00+$14.62 (+34.50%)

Apr 24, 2026

Company Details

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three...

CEO

Vicki A. Hollub

IPO Date

Dec 31, 1981

Website

www.oxy.com

Key Metrics TTM

Revenue

$26.6B

-0.4% YoY

Net Income

$2.8B

EPS (Diluted)

$2.10

Free Cash Flow

$3.9B

Revenue / Share

$28.29

Gross Margin

34.0%

Operating Margin

21.3%

Net Margin

10.4%

FCF Margin

14.7%

P/S

2.1x

P/E

20.3x

Earnings Reports

Q1 2025

May 5, 2026

PENDING

FY 2025

Feb 18, 2026

$21.6BEPS $1.61

Q4 2024

Feb 18, 2025

$6.9BEPS -$0.31

Q2 2024

Aug 7, 2024

$6.9B+4.1%EPS $1.03

Q1 2024

May 7, 2024

$6.2B-12.7%EPS $0.75

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$5.2B	$2.3B	$1.8B
Q4 18	$4.8B	$1.7B	$1.1B
Q1 19	$4.1B	$1.3B	$856M
Q2 19	$3.7B	$854M	$308M
Q1 20	$5.3B	$266M	-$420M
Q2 20	$3.3B	-$626M	-$1.0B
Q3 20	$4.0B	$122M	-$455M
Q4 20	$4.6B	$679M	-$21M
Q1 21	$5.2B	$706M	$72M
Q2 21	$6.1B	$1.4B	$737M
Q4 22	$8.3B	$3.4B	$2.5B
Q1 23	$7.1B	$2.6B	$1.7B
Q2 23	$6.6B	$2.0B	$1.5B
Q1 24	$6.2B	$2.1B	$1.2B
Q2 24	$6.9B	$2.5B	$1.7B
Q4 24	$6.9B	$2.4B	$1.4B

Valuation

Quarter	P/S	P/E
Q3 18	4.0x	17.6x
Q4 18	2.7x	12.2x
Q1 19	2.8x	12.9x
Q2 19	2.4x	11.0x
Q1 20	0.6x	—
Q2 20	1.0x	—
Q3 20	0.6x	—
Q4 20	0.9x	—
Q1 21	1.5x	—
Q2 21	1.5x	—
Q4 22	2.4x	75.5x
Q1 23	2.2x	18.5x
Q2 23	1.9x	12.7x
Q1 24	2.1x	12.1x
Q2 24	2.2x	14.0x
Q4 24	1.7x	16.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$2.4B	$1.1B
Q4 18	$2.5B	$1.2B
Q1 19	$948M	-$362M
Q2 19	$2.0B	$745M
Q1 20	$1.3B	-$396M
Q2 20	$360M	-$22M
Q3 20	$852M	$606M
Q4 20	$1.4B	$996M
Q1 21	$910M	$331M
Q2 21	$3.3B	$2.6B
Q4 22	$4.0B	$2.6B
Q1 23	$2.9B	$1.4B
Q2 23	$3.1B	$1.4B
Q1 24	$2.0B	$275M
Q2 24	$2.4B	$623M
Q4 24	$3.4B	$1.6B

Capital Expenditures

Quarter	CapEx
Q3 18	$1.3B
Q4 18	$1.3B
Q1 19	$1.3B
Q2 19	$1.3B
Q1 20	$1.7B
Q2 20	$382M
Q3 20	$246M
Q4 20	$408M
Q1 21	$579M
Q2 21	$717M
Q4 22	$1.4B
Q1 23	$1.5B
Q2 23	$1.6B
Q1 24	$1.7B
Q2 24	$1.8B
Q4 24	$1.8B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	+75.9%	+24.1%
Q4 18	+56.0%	+26.0%
Q1 19	+16.9%	+7.1%
Q2 19	-1.2%	+26.3%
Q1 20	+1.4%	+68.1%
Q2 20	-30.4%	+18.5%
Q3 20	-1.2%	+39.4%
Q4 20	+21.9%	+33.5%
Q1 21	-1.3%	-9.8%
Q2 21	+84.1%	+23.4%
Q4 22	+106.9%	+30.9%
Q1 23	+56.2%	+17.7%
Q2 23	+27.3%	+0.7%
Q1 24	+1.8%	-6.7%
Q2 24	-17.3%	-10.8%
Q4 24	-2.7%	+3.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	$0	0.0%
Q4 18	$180M	3.8%
Q1 19	$0	0.0%
Q2 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$202M	4.4%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q3 18	$431M
Q4 18	$473M
Q1 19	$140M
Q2 19	$163M
Q1 20	$260M
Q2 20	$225M
Q3 20	$166M
Q4 20	$209M
Q1 21	$166M
Q2 21	$177M
Q4 22	$258M
Q1 23	$241M
Q2 23	$277M
Q1 24	$259M
Q2 24	$259M
Q4 24	$276M

Revenue Segments

Quarter	Chemical Segment	Midstream Segment	Oil And Gas Segment
Q1 19	$1.1B	$816M	$2.4B
Q1 20	$961M	$387M	$3.9B
Q2 20	$839M	$598M	$2.0B
Q3 20	$939M	$379M	$2.9B
Q2 21	$1.2B	$474M	$4.7B
Q4 22	$1.5B	$867M	$6.3B
Q1 23	$1.4B	$644M	$5.3B
Q2 23	$1.4B	$616M	$4.9B
Q2 24	$1.3B	$282M	$5.5B
Q4 24	$1.2B	$75M	$5.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.9B	$0	$1.9B
Q2 22	$1.4B	$0	$1.4B
Q3 22	$1.2B	$0	$1.2B
Q4 22	$984M	$0	$984M
Q1 23	$1.2B	$0	$1.2B
Q2 23	$486M	$0	$486M
Q3 23	$611M	$0	$611M
Q4 23	$1.4B	$0	$1.4B
Q1 24	$1.3B	$0	$1.3B
Q2 24	$1.8B	$0	$1.8B
Q3 24	$1.8B	$0	$1.8B
Q4 24	$2.1B	$0	$2.1B
Q1 25	$2.6B	$0	$2.6B
Q2 25	$2.3B	$0	$2.3B
Q3 25	$2.2B	$0	$2.2B
Q4 25	$2.0B	$0	$2.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	763M	-0.5%	-0.2%
Q4 18	755M	-1.0%	-1.4%
Q1 19	751M	-0.6%	-2.1%
Q2 19	750M	-0.1%	-2.3%
Q1 20	897M	+19.6%	+17.5%
Q2 20	916M	+2.1%	+21.2%
Q3 20	929M	+1.5%	+23.8%
Q4 20	933M	+0.4%	+24.5%
Q1 21	933M	+0.0%	+4.1%
Q2 21	934M	+0.1%	+2.0%
Q4 22	991M	+6.0%	+6.6%
Q1 23	975M	-1.5%	+4.5%
Q2 23	959M	-1.7%	+2.8%
Q1 24	949M	-1.1%	+1.5%
Q2 24	959M	+1.1%	-3.2%
Q4 24	941M	-1.9%	-3.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$471.0K	11K
Q4 18	$432.9K	11K
Q1 19	$369.5K	11K
Q2 19	$339.7K	11K
Q1 20	$364.7K	14K
Q2 20	$230.2K	14K
Q3 20	$278.9K	14K
Q4 20	$386.1K	12K
Q1 21	$439.4K	12K
Q2 21	$517.1K	12K
Q4 22	$694.1K	12K
Q1 23	$594.5K	12K
Q2 23	$551.4K	12K
Q1 24	$494.3K	13K
Q2 24	$546.9K	13K
Q4 24	$519.7K	13K

Revenue / Employee