Occidental Petroleum Financials

OXY Stock  USD 63.20  0.55  0.88%   
Based on the analysis of Occidental Petroleum's profitability, liquidity, and operating efficiency, Occidental Petroleum may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Occidental Petroleum's Other Liabilities is fairly stable compared to the past year. Current Deferred Revenue is likely to rise to about 6.7 B in 2024, whereas Total Assets are likely to drop slightly above 40 B in 2024. Key indicators impacting Occidental Petroleum's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.960.6913
Significantly Up
Slightly volatile
Current Ratio0.920.9155
Slightly Up
Slightly volatile
The financial analysis of Occidental Petroleum is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Occidental Petroleum includes many different criteria found on its balance sheet. For example, investors should never minimize Occidental Petroleum's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Occidental Petroleum's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Occidental Petroleum.

Cash And Equivalents

841.32 Million

With this module, you can analyze Occidental financials for your investing period. You should be able to track the changes in Occidental Petroleum individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Occidental Petroleum Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Occidental Petroleum's financial statements are interrelated, with each one affecting the others. For example, an increase in Occidental Petroleum's assets may result in an increase in income on the income statement.
Evaluating Occidental Petroleum's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Occidental Petroleum's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Occidental Petroleum's relative financial performance

Chance Of Distress

Less than 22

 
100  
 
Zero
Low
Occidental Petroleum has less than 22 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Occidental Petroleum stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Occidental Petroleum's odds of distress score SHOULD NOT be confused with the real chance of Occidental Petroleum filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Occidental is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Occidental Petroleum's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Occidental Petroleum's official financial statements usually reflect Occidental Petroleum's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Occidental Petroleum. For example, before you start analyzing numbers published by Occidental accountants, it's critical to develop an understanding of what Occidental Petroleum's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Occidental Petroleum's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Occidental Petroleum's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Occidental Petroleum's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Occidental Petroleum. Please utilize our Beneish M Score to check the likelihood of Occidental Petroleum's management manipulating its earnings.

Occidental Petroleum Company Summary

Occidental Petroleum competes with Antero Resources, Empire Petroleum, Permian Resources, SandRidge Energy, and SM Energy. Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas. Occidental Petroleum operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 11678 people.
Specialization
Energy, Oil & Gas E&P
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000797468
ISINUS6745991058
CUSIP674599105 674599790
RegionNorth America
LocationTexas; U.S.A
Business Address5 Greenway Plaza,
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkNYSE Composite
Websitewww.oxy.com
Phone713 215 7000
CurrencyUSD - US Dollar
You should never invest in Occidental Petroleum without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Occidental Stock, because this is throwing your money away. Analyzing the key information contained in Occidental Petroleum's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Occidental Petroleum Key Financial Ratios

Generally speaking, Occidental Petroleum's financial ratios allow both analysts and investors to convert raw data from Occidental Petroleum's financial statements into concise, actionable information that can be used to evaluate the performance of Occidental Petroleum over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Occidental Petroleum reports annually and quarterly.

Occidental Petroleum Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets109.3B80.1B75.0B72.6B74.0B40.0B
Other Current Liab2.0B753M7M(2.2B)3.9B4.0B
Net Debt37.0B35.3B27.6B19.8B19.5B20.5B
Retained Earnings20.2B3.0B4.5B16.5B19.6B12.1B
Cash3.0B2.0B2.8B984M1.4B1.4B
Net Receivables6.4B2.1B4.2B4.3B3.2B3.1B
Inventory1.4B1.9B1.8B2.1B2.0B1.1B
Other Current Assets1.3B1.2B1.3B1.6B1.7B1.8B
Total Liab75.1B61.5B54.7B42.5B43.7B22.1B
Total Current Assets18.7B8.8B10.2B8.9B8.4B6.8B
Short Term Debt620M913M372M438M1.6B921.2M
Accounts Payable7.0B3.0B3.9B4.0B3.6B3.0B
Common Stock209M216M217M220M222M172.5M
Other Liab20.0B16.9B16.4B14.4B16.6B17.4B
Other Assets2.4B1.0B1.2B16M18.4M17.5M
Long Term Debt38.5B35.7B28.9B19.1B17.9B11.1B
Treasury Stock(10.7B)(10.7B)(10.7B)(13.8B)(12.4B)(11.8B)
Net Tangible Assets24.5B8.8B10.6B20.3B18.3B20.2B
Long Term Debt Total38.5B35.7B29.4B19.7B22.6B17.0B

Occidental Petroleum Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Occidental Petroleum's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense1.1B1.4B1.6B1.0B945M992.3M
Total Revenue20.4B17.8B26.0B36.6B28.3B17.8B
Gross Profit6.1B1.2B7.9B17.6B10.1B6.9B
Operating Income3.4B(770M)5.5B14.6B4.7B3.5B
Ebit3.4B(770M)5.5B14.6B7.1B3.7B
Ebitda9.4B7.3B13.9B21.5B14.0B14.6B
Cost Of Revenue14.3B16.6B18.1B19.0B18.1B10.8B
Income Before Tax186M(15.7B)3.7B14.1B6.4B6.8B
Net Income(507M)(13.5B)2.3B13.3B3.8B3.9B
Income Tax Expense693M(2.2B)915M813M1.7B1.2B
Extraordinary Items10M25M(15M)(1.3B)(468M)0.0
Non Recurring1.9B471M405M305M350.8M428.7M
Tax Provision693M(2.2B)915M813M1.7B1.8B
Interest Income217M3.1B669M388M139M132.1M
Net Interest Income(849M)(1.3B)(1.4B)(877M)(806M)(846.3M)

Occidental Petroleum Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Occidental Petroleum. It measures of how well Occidental is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Occidental Petroleum brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Occidental had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Occidental Petroleum has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory77M(484M)(86M)(230M)(91M)(95.6M)
Change In Cash541M(1.4B)609M(1.8B)438M459.9M
Free Cash Flow566M788M7.5B12.5B6.1B6.4B
Depreciation6.0B8.1B8.4B6.9B6.9B7.2B
Other Non Cash Items7.7B22.5B9.3B(451M)199M189.1M
Dividends Paid2.6B1.8B839M1.2B1.4B1.1B
Capital Expenditures6.6B3.1B2.8B4.4B6.2B4.0B
Net Income(522M)(14.8B)2.3B13.3B4.7B4.9B
End Period Cash Flow3.6B2.2B2.8B1.0B1.5B1.6B
Change To Netincome139M(701M)979M(1.8B)(1.6B)(1.5B)
Investments(29.0B)(778M)406M(4.9B)(7.0B)(7.3B)
Change Receivables(44M)2.1B(2.1B)(97M)(87.3M)(82.9M)
Net Borrowings13.6B(2.0B)(6.8B)(9.5B)(8.5B)(8.1B)

Occidental Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Occidental Petroleum's current stock value. Our valuation model uses many indicators to compare Occidental Petroleum value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Occidental Petroleum competition to find correlations between indicators driving Occidental Petroleum's intrinsic value. More Info.
Occidental Petroleum is rated below average in operating margin category among related companies. It is regarded fourth in cash per share category among related companies fabricating about  7.32  of Cash Per Share per Operating Margin. At this time, Occidental Petroleum's Cash Per Share is fairly stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Occidental Petroleum by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Occidental Petroleum's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Occidental Petroleum's earnings, one of the primary drivers of an investment's value.

Occidental Petroleum Systematic Risk

Occidental Petroleum's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Occidental Petroleum volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Occidental Petroleum correlated with the market. If Beta is less than 0 Occidental Petroleum generally moves in the opposite direction as compared to the market. If Occidental Petroleum Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Occidental Petroleum is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Occidental Petroleum is generally in the same direction as the market. If Beta > 1 Occidental Petroleum moves generally in the same direction as, but more than the movement of the benchmark.

About Occidental Petroleum Financials

What exactly are Occidental Petroleum Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Occidental Petroleum's income statement, its balance sheet, and the statement of cash flows. Potential Occidental Petroleum investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Occidental Petroleum investors may use each financial statement separately, they are all related. The changes in Occidental Petroleum's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Occidental Petroleum's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Occidental Petroleum Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Occidental Petroleum is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Occidental has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Occidental Petroleum's financials are consistent with your investment objective using the following steps:
  • Review Occidental Petroleum's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Occidental Petroleum's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Occidental Petroleum's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Occidental Petroleum's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Occidental Petroleum Thematic Clasifications

Occidental Petroleum is part of several thematic ideas from Climate Change to Dividend Beast. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Occidental Petroleum Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Occidental Petroleum's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Occidental Petroleum growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.2)

At this time, Occidental Petroleum's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Occidental Petroleum March 18, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Occidental Petroleum help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Occidental Petroleum. We use our internally-developed statistical techniques to arrive at the intrinsic value of Occidental Petroleum based on widely used predictive technical indicators. In general, we focus on analyzing Occidental Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Occidental Petroleum's daily price indicators and compare them against related drivers.
When determining whether Occidental Petroleum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Occidental Petroleum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Occidental Petroleum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Occidental Petroleum Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Occidental Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Occidental Petroleum. If investors know Occidental will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Occidental Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.38)
Dividend Share
0.72
Earnings Share
3.9
Revenue Per Share
31.778
Quarterly Revenue Growth
(0.13)
The market value of Occidental Petroleum is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.