Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Occidental Petroleum Corp., historical price multiples (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Price to earnings (P/E) 12.74 13.05 16.45 13.36 11.85 9.28 5.97 4.24 5.61 5.94 8.51 23.89
Price to operating profit (P/OP) 7.81 8.15 9.68 7.37 6.93 5.80 4.11 3.78 4.91 5.18 7.42 7.96 33.61 45.37
Price to sales (P/S) 1.74 1.87 2.14 1.78 1.81 1.72 1.48 1.45 1.87 1.80 1.92 1.40 1.42 1.26 1.51 1.39 0.57 0.71 0.52 1.44
Price to book value (P/BV) 1.36 1.59 1.87 1.67 1.81 1.87 1.78 1.76 2.37 2.18 2.24 1.79 1.67 1.35 1.36 1.33 0.57 0.66 0.39 0.86 1.10 1.80 2.07

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Occidental Petroleum Corp. P/E ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Occidental Petroleum Corp. P/OP ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Occidental Petroleum Corp. P/S ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Occidental Petroleum Corp. P/BV ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Earnings (P/E)

Occidental Petroleum Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 938,343,042 905,615,720 886,636,750 879,499,439 880,370,837 884,681,888 891,745,187 900,072,447 908,914,149 931,491,947 937,190,982 934,063,989 933,980,981 933,734,637 933,418,685 931,554,718 931,209,495 930,142,153 900,018,184 895,224,961 893,317,470 748,348,543 747,877,859
Selected Financial Data (US$)
Net income (loss) attributable to common stockholders (in millions) 964 992 718 1,029 1,156 605 983 1,727 2,546 3,555 4,676 1,337 628 (97) (346) (1,312) (3,778) (8,353) (2,232) (1,339) (912) 635 631
Earnings per share (EPS)2 3.95 4.30 3.96 4.29 5.08 6.62 9.88 13.89 13.33 10.95 6.98 1.63 -1.21 -5.93 -14.77 -16.83 -16.86 -13.80 -4.28 -1.10 0.00 0.00 0.00
Share price1, 3 50.29 56.11 65.07 57.30 60.20 61.47 58.96 58.96 74.83 65.06 59.41 38.92 33.75 26.43 26.63 26.61 12.23 16.48 13.40 32.74 44.23 51.36 58.77
Valuation Ratio
P/E ratio4 12.74 13.05 16.45 13.36 11.85 9.28 5.97 4.24 5.61 5.94 8.51 23.89
Benchmarks
P/E Ratio, Competitors5
Chevron Corp. 16.89 13.91 14.63 13.42 11.03 9.88 8.27 8.71 10.25 10.19 16.06 16.81 22.09 54.58 43.40 70.06
ConocoPhillips 12.68 11.78 13.50 11.92 12.94 10.65 7.44 7.07 9.23 7.19 10.35 14.66 20.66 40.48 3,758.13 17.58 12.13 8.77
Exxon Mobil Corp. 15.47 14.93 14.38 11.49 11.00 8.76 7.58 8.47 8.70 9.74 14.98 14.11 42.32 25.86 16.34 15.64
Marathon Petroleum Corp. 10.62 7.96 8.11 6.24 4.97 4.23 3.03 3.85 4.67 5.70 4.63 4.32 4.30 4.53 11.68
Valero Energy Corp. 11.04 8.46 7.79 5.26 3.97 4.05 3.03 4.26 5.18 6.10 18.57 37.78 21.41 62.84 12.12

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
EPS = (Net income (loss) attributable to common stockholdersQ3 2024 + Net income (loss) attributable to common stockholdersQ2 2024 + Net income (loss) attributable to common stockholdersQ1 2024 + Net income (loss) attributable to common stockholdersQ4 2023) ÷ No. shares of common stock outstanding
= (964,000,000 + 992,000,000 + 718,000,000 + 1,029,000,000) ÷ 938,343,042 = 3.95

3 Closing price as at the filing date of Occidental Petroleum Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/E ratio = Share price ÷ EPS
= 50.29 ÷ 3.95 = 12.74

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Occidental Petroleum Corp. P/E ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Operating Profit (P/OP)

Occidental Petroleum Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 938,343,042 905,615,720 886,636,750 879,499,439 880,370,837 884,681,888 891,745,187 900,072,447 908,914,149 931,491,947 937,190,982 934,063,989 933,980,981 933,734,637 933,418,685 931,554,718 931,209,495 930,142,153 900,018,184 895,224,961 893,317,470 748,348,543 747,877,859
Selected Financial Data (US$)
Operating income (loss) (in millions) 1,740 1,645 993 1,663 1,933 1,372 1,872 2,468 3,667 4,772 3,130 2,275 1,529 572 190 (1,353) (3,916) (7,991) (968) (921) (311) 997 881
Operating profit per share2 6.44 6.88 6.72 7.78 8.68 10.60 14.33 15.60 15.23 12.57 8.01 4.89 1.00 -4.83 -14.00 -15.27 -14.82 -10.96 -1.34 0.72 0.00 0.00 0.00
Share price1, 3 50.29 56.11 65.07 57.30 60.20 61.47 58.96 58.96 74.83 65.06 59.41 38.92 33.75 26.43 26.63 26.61 12.23 16.48 13.40 32.74 44.23 51.36 58.77
Valuation Ratio
P/OP ratio4 7.81 8.15 9.68 7.37 6.93 5.80 4.11 3.78 4.91 5.18 7.42 7.96 33.61 45.37
Benchmarks
P/OP Ratio, Competitors5
Chevron Corp. 10.99 9.34 10.35 9.48 7.68 6.97 5.81 6.12 7.34 7.23 11.13 11.40 14.10 26.00 24.46 30.35
ConocoPhillips 7.96 7.49 8.70 7.61 8.04 6.49 4.60 4.57 5.96 4.72 6.75 8.66 11.68 17.96 71.79 6,288.41 10.11 7.27 6.04
Exxon Mobil Corp. 10.23 9.86 9.47 7.62 7.06 6.00 5.28 5.88 6.28 6.76 10.28 9.86 22.63 16.35 10.60 10.14
Marathon Petroleum Corp. 5.97 4.99 5.23 4.16 3.41 2.87 2.08 2.60 3.02 3.55 8.64 9.79 13.66 67.39 310.45 5.52
Valero Energy Corp. 8.22 6.32 5.76 3.92 2.92 2.98 2.26 3.13 3.76 4.36 11.28 16.50 487.32 944.75 23.43 10.75 21.60 7.65

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Operating profit per share = (Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023) ÷ No. shares of common stock outstanding
= (1,740,000,000 + 1,645,000,000 + 993,000,000 + 1,663,000,000) ÷ 938,343,042 = 6.44

3 Closing price as at the filing date of Occidental Petroleum Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 50.29 ÷ 6.44 = 7.81

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Occidental Petroleum Corp. P/OP ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Sales (P/S)

Occidental Petroleum Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 938,343,042 905,615,720 886,636,750 879,499,439 880,370,837 884,681,888 891,745,187 900,072,447 908,914,149 931,491,947 937,190,982 934,063,989 933,980,981 933,734,637 933,418,685 931,554,718 931,209,495 930,142,153 900,018,184 895,224,961 893,317,470 748,348,543 747,877,859
Selected Financial Data (US$)
Net sales (in millions) 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613 6,282 5,687 4,420 4,004
Sales per share2 28.92 29.95 30.46 32.13 33.29 35.65 39.82 40.70 39.97 36.21 30.96 27.79 23.77 20.90 17.67 19.12 21.40 23.13 25.56 22.78 0.00 0.00 0.00
Share price1, 3 50.29 56.11 65.07 57.30 60.20 61.47 58.96 58.96 74.83 65.06 59.41 38.92 33.75 26.43 26.63 26.61 12.23 16.48 13.40 32.74 44.23 51.36 58.77
Valuation Ratio
P/S ratio4 1.74 1.87 2.14 1.78 1.81 1.72 1.48 1.45 1.87 1.80 1.92 1.40 1.42 1.26 1.51 1.39 0.57 0.71 0.52 1.44
Benchmarks
P/S Ratio, Competitors5
Chevron Corp. 1.45 1.32 1.53 1.46 1.39 1.39 1.27 1.31 1.54 1.44 1.86 1.69 1.63 1.69 2.19 2.09 1.29 1.42 1.24 1.46
ConocoPhillips 2.28 2.23 2.59 2.33 2.42 2.06 1.56 1.68 2.22 1.75 2.47 2.58 2.67 2.56 3.35 3.52 1.50 1.66 1.48 1.94
Exxon Mobil Corp. 1.53 1.50 1.42 1.24 1.21 1.17 1.13 1.12 1.17 1.08 1.26 1.17 1.12 1.12 1.43 1.34 0.72 0.87 0.75 0.88
Marathon Petroleum Corp. 0.34 0.39 0.44 0.41 0.38 0.34 0.28 0.32 0.32 0.29 0.37 0.35 0.39 0.40 0.55 0.51 0.25 0.26 0.17 0.25
Valero Energy Corp. 0.30 0.36 0.39 0.32 0.28 0.28 0.24 0.28 0.29 0.28 0.36 0.31 0.34 0.34 0.48 0.48 0.19 0.26 0.25 0.27

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Sales per share = (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023) ÷ No. shares of common stock outstanding
= (7,173,000,000 + 6,817,000,000 + 5,975,000,000 + 7,172,000,000) ÷ 938,343,042 = 28.92

3 Closing price as at the filing date of Occidental Petroleum Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 50.29 ÷ 28.92 = 1.74

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Occidental Petroleum Corp. P/S ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Book Value (P/BV)

Occidental Petroleum Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 938,343,042 905,615,720 886,636,750 879,499,439 880,370,837 884,681,888 891,745,187 900,072,447 908,914,149 931,491,947 937,190,982 934,063,989 933,980,981 933,734,637 933,418,685 931,554,718 931,209,495 930,142,153 900,018,184 895,224,961 893,317,470 748,348,543 747,877,859
Selected Financial Data (US$)
Stockholders’ equity (in millions) 34,674 32,053 30,811 30,250 29,312 29,111 29,559 30,085 28,720 27,830 24,907 20,327 18,873 18,244 18,300 18,573 19,860 23,346 31,295 34,232 36,080 21,347 21,236
Book value per share (BVPS)2 36.95 35.39 34.75 34.39 33.30 32.91 33.15 33.43 31.60 29.88 26.58 21.76 20.21 19.54 19.61 19.94 21.33 25.10 34.77 38.24 40.39 28.53 28.40
Share price1, 3 50.29 56.11 65.07 57.30 60.20 61.47 58.96 58.96 74.83 65.06 59.41 38.92 33.75 26.43 26.63 26.61 12.23 16.48 13.40 32.74 44.23 51.36 58.77
Valuation Ratio
P/BV ratio4 1.36 1.59 1.87 1.67 1.81 1.87 1.78 1.76 2.37 2.18 2.24 1.79 1.67 1.35 1.36 1.33 0.57 0.66 0.39 0.86 1.10 1.80 2.07
Benchmarks
P/BV Ratio, Competitors5
Chevron Corp. 1.80 1.64 1.85 1.78 1.70 1.88 1.86 1.94 2.21 1.93 2.25 1.89 1.61 1.47 1.59 1.50 1.02 1.21 1.17 1.42 1.48 1.45 1.43
ConocoPhillips 2.53 2.53 2.90 2.65 3.03 2.90 2.47 2.75 3.40 2.28 2.70 2.61 2.19 1.69 1.74 2.22 1.02 1.28 1.40 1.80 1.72 1.98 2.11
Exxon Mobil Corp. 1.94 1.90 2.30 2.02 2.10 2.14 2.24 2.29 2.43 2.14 2.28 1.93 1.69 1.52 1.64 1.53 0.79 1.03 1.02 1.17 1.59 1.56 1.71
Marathon Petroleum Corp. 2.54 2.68 2.79 2.48 2.22 2.10 1.85 2.02 2.12 1.77 2.09 1.61 1.41 1.20 1.80 1.60 0.92 1.06 0.83 0.91 1.31 0.98 1.03
Valero Energy Corp. 1.61 1.98 2.10 1.76 1.64 1.71 1.66 2.09 2.23 2.06 2.51 1.91 1.84 1.57 1.70 1.65 0.77 1.16 1.43 1.35 1.97 1.49 1.65

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 34,674,000,000 ÷ 938,343,042 = 36.95

3 Closing price as at the filing date of Occidental Petroleum Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 50.29 ÷ 36.95 = 1.36

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Occidental Petroleum Corp. P/BV ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.