# Occidental Petroleum Corporation (OXY) — Stock CV

Occidental Petroleum Corporation is a $60.1B energy company. Revenue shrank 20.2% over the last year, it keeps 34¢ of every dollar of sales as profit, and its net debt equals ~3.8 years of free cash flow. It trades at 8.3× earnings — in the cheapest third of its own history.

> Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2025, the company reported net proved reserves of 4.6 billion barrels of oil equivalent.

## Identity

- **Ticker**: OXY
- **Sector**: Energy
- **Industry**: Crude Petroleum & Natural Gas
- **Headquarters**: HOUSTON, TX
- **Employees**: 10 412
- **Website**: https://www.oxy.com
- **Market cap**: $60.1B
- **Last price**: $60.15
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $21.7B
- **Net income**: $7.31B
- **Free cash flow**: $5.31B
- **Net debt**: $20.4B
- **P/E**: 8.3
- **Revenue growth (YoY)**: -20.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 90 |
| Growth | 6 |
| Profitability | 75 |
| Health | 52 |
| Quality | 55 |
| Moat | 56 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [ ] Revenue growing — -20.2% YoY
- [x] Profitable — $7.31B TTM
- [ ] Profit growing — -44.0% YoY
- [x] Generates cash — $5.31B TTM
- [x] Debt under control — ~3.8y of cash flow to repay
- [x] Established company — $60.1B market cap
- [ ] Not printing shares — +52.7% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [x] Financially stable — Altman Z 1.9 — grey
- [x] Pays a dividend — yield 2.75%
- [x] Valuation not extreme — P/E 8.3

## Experience (career milestones)

- **2024** — The company acquired CrownRock, a Permian producer, for $12.4 billion
- **2023** — Occidental acquired Carbon Engineering, a direct air capture technology company, for $1.1 billion
- **FY2022** — Best year on record: $13.3B net income
- **2019** — Occidental acquired Anadarko Petroleum for $57 billion, making the deal the world's fourth biggest…
- **FY2017** — Turned profitable: $1.31B net income after a loss year
- **FY2016** — Revenue already above $10B: $10.1B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — Vicki Hollub, who had worked at Occidental since 1981 and joined the board in 2015, became the chief…
- **2010** — Occidental acquired shale oil properties in the Williston Basin in North Dakota for $1.4 billion
- **2005** — Occidental and its partner, Liwa, won 9 out of 15 exploration spots on the EPSA-4 auction, making both…
- **2005** — The company acquired Vintage Petroleum for $3.8 billion
- **1988** — The company acquired Cain Chemical for $2 billion
- **1981** — Occidental acquired IBP, Inc., one of largest producers of beef and pork products in the United States
- **1920** — Occidental Petroleum was founded in Los Angeles, California, in 1920

## Strengths

- High gross margin (77.8%)
- Strongly profitable — 33.7% net margin
- Strong cash conversion — FCF is 24.5% of revenue
- Could repay net debt from ~2.0 years of free cash flow
- Interest covered 7.0× by operating earnings

## Watch-outs

- Revenue shrinking 20.2% year over year
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $26.0B | $2.32B | $7.56B |
| FY2022 | $36.6B | $13.3B | $12.3B |
| FY2023 | $28.3B | $4.70B | $6.04B |
| FY2024 | $26.7B | $3.08B | $4.42B |
| FY2025 | $21.6B | $2.37B | $4.11B |

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Source: https://stockcv.com/OXY — derived from company filings; may be delayed or incomplete. Information, not investment advice.