Occidental Petroleum Corporation (Oxy)

Oil and gas operations and renewables

Occidental Petroleum Corporation (Oxy)

Oil and gas operations and renewables

Overview

Occidental Petroleum (Oxy) is a global energy company that produces oil and natural gas and also earns from carbon management and renewable energy projects. It extracts and sells energy products to industrial, commercial, and government clients, using technology to improve efficiency and reduce costs. The company differentiates itself through its ESG focus and by adopting renewables, including a solar facility in the Permian Basin, while maintaining low operating costs. Its goals are to reach net zero emissions from operations by 2040 and net zero emissions from the use of its products by 2050.

Significant Headcount Growth

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About Occidental Petroleum Corporation (Oxy)

Simplify's Rating

Why Occidental Petroleum Corporation (Oxy) is rated

C+

Rated B on Competitive Edge

Rated C on Growth Potential

Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, TX

Founded

1920

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Simplify's take

What believers are saying

Q3 2026 adjusted EPS of $1.91 beat estimates, proving operating discipline.
Management targets over $4 billion additional annual sustainable cash flow by 2030.
Debt fell $10.4 billion since January 2026, lowering interest and financing risk.

What critics are saying

Brent weakness cuts Occidental’s earnings fast, because oil and gas still fund most revenue.
Midstream profits collapsed from $1.3 billion to $55 million in Q3 2026.
Occidental retained OxyChem environmental liabilities; cleanup claims can drain cash for years.

What makes Occidental Petroleum Corporation (Oxy) unique

Occidental sold OxyChem to Berkshire on January 2, 2026, sharpening upstream focus.
Its carbon-management platform secured 2 million metric tons annual CO2 transport agreements in November 2026.
Q3 2026 production and debt reduction hit $10.0 billion principal debt, a balance-sheet edge.

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Funding

Total Funding

$2.2B

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!

Post IPO Equity Funding Comparison Coming Soon

Benefits

401(k) Retirement Plan
401(k) Company Match
Relocation Assistance
Hybrid Work Options
Parental Leave

Stock Price

Growth & Insights and Company News

6 month growth

1 year growth

11%

2 year growth

11%

Yahoo Finance

Oct 14th, 2026

Occidental's 7.8% free cash yield tops the S&P 500's 4.4%, but is $4.8B sustainable?

Occidental Petroleum generates free cash flow equal to 7.8% of its market value a year, against 4.4% for the median S&P 500 company. Adjusted for net debt, the yield is 6.7%. Over the last twelve months, operations brought in $11.0 billion and capital projects took $6.2 billion. Free cash flow of $4.8 billion is down from $6.1 billion a year earlier and $8.4 billion three years ago. Operating margin rose to 27.1% from 17.8% two years earlier. The company cut principal debt by $1.5 billion to $11.8 billion, and aims to reach $10 billion. Operating profit covers interest 5.7 times. Commodity prices and a roughly 25% annual decline in existing wells threaten cash generation. Management targets slowing that decline to 20% by 2030, but has not yet achieved it.

Yahoo Finance

Oct 13th, 2026

Occidental stock moved against the S&P 500 last year, but with 35.3% volatility

Occidental Petroleum (OXY) shares have moved against the S&P 500 over the past year, though only since March 2026. Before that, and over five years, the stock mostly moved with the market. On an average day when the index gained 0.65%, a $10,000 Occidental holding lost about $30. On an average down day of 0.6%, it gained about $67. Even so, the stock fell on each of the index's three worst days; on the worst, it dropped 5.3% against the index's 2.7%. Occidental's volatility was 35.3% over the past year, against 13.0% for the index. Over five years it returned 15.6% a year versus 14.1% for the S&P 500, but its return per unit of volatility was 0.41, against 0.82 for the index. Oil and gas brought in $20.9 billion of its $21.6 billion fiscal 2025 revenue. Principal debt has fallen to $11.8 billion, the lowest since the second quarter of 2019.

Yahoo Finance

Oct 13th, 2026

Chevron vs Occidental: $184.4B revenue giant or higher-margin value play for 2026?

Chevron and Occidental Petroleum offer investors different bets on energy in 2026. Chevron is a fully integrated giant; Occidental focuses on exploration and production, with a push into carbon capture. In FY 2025, Chevron's revenue fell about 4.6% to nearly $184.4 billion, with net income near $12.3 billion and free cash flow of about $16.6 billion. Occidental's revenue dropped about 20.3% to nearly $21.6 billion, with net income of about $2.4 billion and free cash flow near $4.1 billion. Occidental has the edge on valuation, with a forward P/E of 9.4x against Chevron's 12.7x. It also posted a five-year average operating margin of 38%, versus 16.5% for Chevron. Chevron offers a 3.4% dividend yield and 39 straight years of increases. Occidental yields 1.8%.

Yahoo Finance

Oct 12th, 2026

Occidental shifts focus from CrownRock to $4B cash flow plan by 2030

Occidental Petroleum has shifted its message from acquisitions to cash flow. On its fiscal Q2 2026 earnings call in August, management outlined a plan to add more than $4 billion of annual sustainable cash flow by 2030. Two years ago, it led with the integration of CrownRock. Part of the plan relies on advanced recovery projects that extract more oil from existing fields. Management expects sustaining capital to fall by $900 million and interest costs to drop as debt shrinks. It said about 85% of the improvement should hold even at lower prices. Principal debt stood at $11.8 billion, with a near-term target of $10 billion. Occidental has already cut annualised interest by about $630 million, against roughly $740 million in expected savings at that level. Its stock trades at 8.3 times earnings, against 21.9 for the S&P 500.

Yahoo Finance

Oct 8th, 2026

Occidental Petroleum trades at 8x earnings despite 31% stock gain and 50% revenue-to-cash conversion

Occidental Petroleum trades at 8.0 times earnings as of October 2026, a steep discount to the S&P 500's 21.5 multiple. The oil and gas producer converted 50.6% of revenue into operating cash flow over the past twelve months, with a 27.1% operating margin exceeding the S&P 500's 18.5%. However, revenue fell for three consecutive years through fiscal 2025 before rebounding 7.3% in the last twelve months. The current low valuation also includes a one-time $3.2 billion after-tax gain from selling its OxyChem business to Berkshire Hathaway. Without this gain, the stock would trade at roughly 14 times earnings. Management is prioritising debt reduction, targeting $10 billion in principal debt, and aims to generate over $4 billion in additional annual sustainable cash flow by 2030.

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