Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Market Value Added (MVA)

Microsoft Excel

Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.


MVA

Occidental Petroleum Corp., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of long-term debt, including current maturities1 24,000 18,100 17,600 31,100 33,800
Operating lease liability 988 1,173 930 771 1,114
Market value of common equity 45,836 50,395 53,068 36,354 24,789
Preferred stock, at $1.00 per share par value 8,287 8,287 9,762 9,762 9,762
Noncontrolling interest 321 99
Market (fair) value of Occidental 79,432 78,054 81,360 77,987 69,465
Less: Invested capital2 66,896 56,860 56,295 58,059 63,270
MVA 12,536 21,194 25,065 19,928 6,195

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Occidental Petroleum Corp. market (fair) value less invested capital. Occidental Petroleum Corp. MVA decreased from 2022 to 2023 and from 2023 to 2024.

MVA Spread Ratio

Occidental Petroleum Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 12,536 21,194 25,065 19,928 6,195
Invested capital2 66,896 56,860 56,295 58,059 63,270
Performance Ratio
MVA spread ratio3 18.74% 37.27% 44.52% 34.32% 9.79%
Benchmarks
MVA Spread Ratio, Competitors4
Chevron Corp. 46.44% 47.11% 57.71% 54.49% 25.83%
ConocoPhillips 38.56% 83.41% 93.55% 86.17% 63.43%
Exxon Mobil Corp. 39.78% 51.74% 67.23% 42.25% 18.54%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 12,536 ÷ 66,896 = 18.74%

4 Click competitor name to see calculations.

Performance ratio Description The company
MVA spread ratio The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. Occidental Petroleum Corp. MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

MVA Margin

Occidental Petroleum Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 12,536 21,194 25,065 19,928 6,195
Net sales 26,725 28,257 36,634 25,956 17,809
Performance Ratio
MVA margin2 46.91% 75.01% 68.42% 76.78% 34.78%
Benchmarks
MVA Margin, Competitors3
Chevron Corp. 50.04% 50.80% 51.99% 67.80% 53.96%
ConocoPhillips 74.93% 120.75% 90.01% 143.57% 171.77%
Exxon Mobil Corp. 44.44% 47.49% 50.09% 41.64% 28.44%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 12,536 ÷ 26,725 = 46.91%

3 Click competitor name to see calculations.

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Occidental Petroleum Corp. MVA margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.