NYSE · OXY

Occidental Petroleum Corporation

Energy · Oil & Gas Exploration & Production

$59.33▼ 0.06% ($0.03)today

As of 1:39 PM ET

52-week

$38.80$67.45

Market cap

$59.01B

P/E

8.28

EPS (TTM)

$7.17

Next earnings

Nov 9, 2026

What the market price implies · Reverse DCF

To support a price of $59.33, this model requires revenue to grow by 4.13%/yr over the next 10 years, compounded annually.

Historical revenue grew by -4.5%/yr over the past 4 years. The required annual growth rate is 8.63 percentage points higher.

Selected forecast · Base scenario

1.49%/yr · actual 10-year annualized revenue growth

Year 1 growth: 2.33%

Market-implied · Base operating assumptions + edited margins

4.13%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$59.33

Estimated value / share

$44.92

Base scenario

This estimate is 24.28% below the price used.

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 2.33% · Ending margin 23.01% · Discount rate 6.94%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 5:39 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 17, 2026, 5:39 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 25.8%Revenue (TTM): -7.14%FCF (TTM): 5.69%P/FCF: 47th pct

What changed

The stock rose 25.8% over the last year. Revenue declined 7.14% over the trailing twelve months. Operating margin moved from 20.04% to 23.01%. Free cash flow grew 5.69% over the trailing twelve months.

What the market seems to be pricing

The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 23.01%. A decisive move in revenue — currently down 7.14% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

CEORichard A. Jackson

SectorEnergy

IndustryOil & Gas Exploration & Production

Employees10,412

IPO dateDec 31, 1981

https://www.oxy.com

Market multiples

Forward P/E—

EV/EBITDA5.32

Enterprise value$62.08B

Stock splits

Dec 1, 2014↑ Forward

Every 500 shares became 521

+4%

Aug 16, 2006↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth31.82%

Gross margin (FY2025)33.78%▼1.8ppvs FY2024

Operating margin (FY2025)17.24%▼4.8ppvs FY2024

ROE18.73%▲12.0ppvs FY2025

Analyst consensus

RatingBuy

Target price$70.90▲19.51%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 9, 2026

Q4 FY26 · EPS est $1.21 · Revenue est $6.44B

View

Dividends

$1.04/shareQuarterly5yr growth streakSafe

OXY pays a dividend with a 1.75% dividend yield, 5 consecutive years of growth, growing at 91.86% annually, covered 2.6× by free cash flow.

Dividend Yield

1.75%

Annual Div / Share

$1.04

5yr CAGR

+91.86%

Doubles every ~1.1yr

Payout Ratio

22.81%

Safe

Dividend Growth Rate

3yr CAGR

+15.79%

5yr CAGR

+91.86%

10yr CAGR

-10.08%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.04+10.6%

2025$0.94+11.9%

2024$0.84+25.4%

2023$0.67+67.5%

2022$0.40+900.0%

2021$0.04-97.5%

2020$1.60-48.9%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$18/yr

$1/mo

In 5 yrs

$31/yr+76%

$3/mo

In 10 yrs

$54/yr+211%

$5/mo

Today	In 5 yrs	In 10 yrs
$18/yr $1/mo	$31/yr+76% $3/mo	$54/yr+211% $5/mo

Long-range projections use a capped 12% annual growth assumption.

Yield-on-cost grows from 1.75% → 5.44% over 10yr

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 2.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 91.86% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NYSE · OXY

Occidental Petroleum Corporation

Energy · Oil & Gas Exploration & Production

$59.33▼ 0.06% ($0.03)today

As of 1:39 PM ET

52-week

$38.80$67.45

Market cap

$59.01B

P/E

8.28

EPS (TTM)

$7.17

Next earnings

Nov 9, 2026

What the market price implies · Reverse DCF

To support a price of $59.33, this model requires revenue to grow by 4.13%/yr over the next 10 years, compounded annually.

Historical revenue grew by -4.5%/yr over the past 4 years. The required annual growth rate is 8.63 percentage points higher.

Selected forecast · Base scenario

1.49%/yr · actual 10-year annualized revenue growth

Year 1 growth: 2.33%

Market-implied · Base operating assumptions + edited margins

4.13%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$59.33

Estimated value / share

$44.92

Base scenario

This estimate is 24.28% below the price used.

USD · TTM ending 2026-06-30

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 2.33% · Ending margin 23.01% · Discount rate 6.94%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 5:39 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 17, 2026, 5:39 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: 25.8%Revenue (TTM): -7.14%FCF (TTM): 5.69%P/FCF: 47th pct

What changed

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 23.01%. A decisive move in revenue — currently down 7.14% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.

CEORichard A. Jackson

SectorEnergy

IndustryOil & Gas Exploration & Production

Employees10,412

IPO dateDec 31, 1981

https://www.oxy.com

Market multiples

Forward P/E—

EV/EBITDA5.32

Enterprise value$62.08B

Stock splits

Dec 1, 2014↑ Forward

Every 500 shares became 521

+4%

Aug 16, 2006↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth31.82%

Gross margin (FY2025)33.78%▼1.8ppvs FY2024

Operating margin (FY2025)17.24%▼4.8ppvs FY2024

ROE18.73%▲12.0ppvs FY2025

Analyst consensus

RatingBuy

Target price$70.90▲19.51%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 9, 2026

Q4 FY26 · EPS est $1.21 · Revenue est $6.44B

View

Dividends

$1.04/shareQuarterly5yr growth streakSafe

OXY pays a dividend with a 1.75% dividend yield, 5 consecutive years of growth, growing at 91.86% annually, covered 2.6× by free cash flow.

Dividend Yield

1.75%

Annual Div / Share

$1.04

5yr CAGR

+91.86%

Doubles every ~1.1yr

Payout Ratio

22.81%

Safe

Dividend Growth Rate

3yr CAGR

+15.79%

5yr CAGR

+91.86%

10yr CAGR

-10.08%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.04+10.6%

2025$0.94+11.9%

2024$0.84+25.4%

2023$0.67+67.5%

2022$0.40+900.0%

2021$0.04-97.5%

2020$1.60-48.9%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$18/yr

$1/mo

In 5 yrs

$31/yr+76%

$3/mo

In 10 yrs

$54/yr+211%

$5/mo

Today	In 5 yrs	In 10 yrs
$18/yr $1/mo	$31/yr+76% $3/mo	$54/yr+211% $5/mo

Long-range projections use a capped 12% annual growth assumption.

Yield-on-cost grows from 1.75% → 5.44% over 10yr

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 2.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Strong dividend growth rate

The 5-year CAGR of 91.86% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

No strong risk signal stands out from the latest period pair.