OXY
Occidental Petroleum Corporation
OXY lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
OXY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
OXY's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
OXY PE Valuation
OXY has no meaningful PE right now: it lost money over the past year.
OXY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for OXY, with profitability improving. However, they disagree widely on these estimates.
OXY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.01 | +342% |
| Q3 2025 | $1.36 | -64% |
| Q2 2025 | $1.69 | -58% |
| Q1 2025 | $2.46 | -33% |
| Q4 2024 | $2.44 | -37% |
| Q3 2024 | $3.83 | -17% |
| Q2 2024 | $4.05 | -31% |
| Q1 2024 | $3.65 | -58% |
| Q4 2023 | $3.90 | -69% |
OXY's earnings per share have fallen from their peak: $1.36 over the past year, against $12.40 in late 2022.
OXY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.6B | -0.9% |
| Q2 2026 | $8.1B | +26% |
| Q1 2026 | $5.2B | -23% |
| Q4 2025 | $1.8B | -74% |
| Q3 2025 | $6.6B | -7.7% |
| Q2 2025 | $6.4B | -5.9% |
| Q1 2025 | $6.8B | +14% |
| Q4 2024 | $6.8B | -5.7% |
OXY's revenue has slid since its 2022 peak: $6.6B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 36% | +19 points |
| Q2 2026 | 49% | +37 points |
| Q1 2026 | 7.5% | -12 points |
| Q4 2025 | -6.2% | -3.7 points |
| Q3 2025 | 18% | -4.6 points |
| Q2 2025 | 12% | -13 points |
| Q1 2025 | 20% | +2.7 points |
| Q4 2024 | -2.5% | -24 points |
OXY's operating margin was 36% last quarter, up 19 points from the same quarter a year ago.
OXY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.4B | +130% |
| Q2 2026 | $2.7B | +179% |
| Q1 2026 | -$273M | -214% |
| Q4 2025 | $1.9B | +19% |
| Q3 2025 | $1B | -49% |
| Q2 2025 | $962M | +54% |
| Q1 2025 | $240M | +7.1% |
| Q4 2024 | $1.6B | -7.1% |
OXY still generates free cash flow, though less than at its 2022 peak: $6.6B over the past year.
OXY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +600K shares |
| 1 year | +1% | +9.7M shares |
| 3 years | +5.7% | +54.6M shares |
| 5 years | +5.8% | +55.1M shares |
| Available history | +25% | +203M shares |
OXY has 1B diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $90M |
| Q2 2026 | $61M |
| Q1 2026 | $56M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | $18M |
| Q3 2024 | — |
| Q2 2024 | $9M |
OXY spent $207M buying back its own shares over the past year.
OXY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.8x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.9x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 2.1x | Moderate |
OXY's net debt is less than a year of its operating earnings (EBITDA), down from 1.9 years a year ago.
OXY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.0 | Neutral |
| Stochastic | 52.2 | Neutral |
OXY's weekly RSI is 51 (neutral) and its Stochastic is 52 (neutral).
OXY PE vs Energy Sector
| Metric | OXY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
OXY has no meaningful PE right now: it lost money over the past year.
OXY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.1 | 2.7% below |
| 20 week MA | $58.3 | 0.1% above |
| 50 week MA | $54.3 | 7.5% above |
| 100 week MA | $49.6 | 18% above |
| 200 week MA | $54.7 | 6.7% above |
OXY has slipped below its 8-week average, but it's still above the other four, and 6.7% above its 200-week average.
OXY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.2 | $17.7 | -56% |
| 2021 | $17.7 | $28.9 | +63% |
| 2022 | $28.9 | $64.0 | +122% |
| 2023 | $64.0 | $59.7 | -6.6% |
| 2024 | $59.7 | $48.6 | -19% |
| 2025 | $48.6 | $39.9 | -18% |
| 2026 YTD | $39.9 | $58.4 | +47% |
OXY has finished three years in a row lower, and it's up 47% so far in 2026.