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Occidental Petroleum

DB:OPC
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OPC
DB
$10B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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, and Latin America. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Occidental Petroleum has significant price volatility in the past 3 months.
OPC Share Price and Events
7 Day Returns
10.3%
DB:OPC
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-82.7%
DB:OPC
21.9%
DE Oil and Gas
-17.7%
DE Market
OPC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Occidental Petroleum (OPC) 10.3% -65% -71.9% -82.7% -82.9% -85.1%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • OPC underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • OPC underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
OPC
Industry
5yr Volatility vs Market

Value

 Is Occidental Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Occidental Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Occidental Petroleum.

DB:OPC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:OPC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (398.75%))
2.577
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:OPC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Occidental Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:OPC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 2,226.80 Analyst x10 2,015.39
2021 1,200.29 Analyst x7 983.19
2022 3,100.00 Analyst x1 2,298.23
2023 3,552.70 Est @ 14.6% 2,383.78
2024 3,911.71 Est @ 10.11% 2,375.48
2025 4,183.83 Est @ 6.96% 2,299.51
2026 4,382.67 Est @ 4.75% 2,180.11
2027 4,523.35 Est @ 3.21% 2,036.46
2028 4,619.69 Est @ 2.13% 1,882.38
2029 4,683.16 Est @ 1.37% 1,727.07
Present value of next 10 years cash flows $20,181.00
DB:OPC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $4,683.16 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$42,875.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $42,875.90 ÷ (1 + 10.49%)10
$15,811.88
DB:OPC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $20,181.00 + $15,811.88
$35,992.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $35,992.88 / 895.22
$40.21
DB:OPC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OPC represents 0.87528x of NYSE:OXY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87528x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 40.21 x 0.87528
€35.19
Value per share (EUR) From above. €35.19
Current discount Discount to share price of €10.16
= -1 x (€10.16 - €35.19) / €35.19
71.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Occidental Petroleum is available for.
Intrinsic value
>50%
Share price is €10.16 vs Future cash flow value of €35.19
Current Discount Checks
For Occidental Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Occidental Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Occidental Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Occidental Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Occidental Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OPC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.20
NYSE:OXY Share Price ** NYSE (2020-03-30) in USD $11.61
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Occidental Petroleum.

DB:OPC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OXY Share Price ÷ EPS (both in USD)

= 11.61 ÷ -1.20

-9.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Occidental Petroleum is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Occidental Petroleum is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Occidental Petroleum's expected growth come at a high price?
Raw Data
DB:OPC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
39.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Occidental Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Occidental Petroleum's assets?
Raw Data
DB:OPC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $27.37
NYSE:OXY Share Price * NYSE (2020-03-30) in USD $11.61
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:OPC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OXY Share Price ÷ Book Value per Share (both in USD)

= 11.61 ÷ 27.37

0.42x

* Primary Listing of Occidental Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Occidental Petroleum is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Occidental Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Occidental Petroleum has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Occidental Petroleum expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Occidental Petroleum expected to grow at an attractive rate?
  • Occidental Petroleum's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Occidental Petroleum's earnings growth is expected to exceed the Germany market average.
  • Occidental Petroleum's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OPC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OPC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 39.4%
DB:OPC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts -0.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:OPC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OPC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 12,471 2,834
2023-12-31 19,752 9,713 1,488 1
2022-12-31 19,296 10,202 -64 1
2021-12-31 20,409 7,402 -1,891 6
2020-12-31 21,174 7,001 -2,237 6
2020-03-30
DB:OPC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 20,393 7,375 -970
2019-09-30 18,873 7,866 1,073
2019-06-30 18,402 7,865 3,831
2019-03-31 18,065 7,608 4,037
2018-12-31 17,824 7,669 4,114
2018-09-30 16,554 6,590 3,904
2018-06-30 14,337 5,272 2,231
2018-03-31 13,314 5,365 1,893
2017-12-31 12,508 4,861 1,305
2017-09-30 11,804 4,355 542
2017-06-30 11,453 3,919 116
2017-03-31 10,924 3,199 -525

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Occidental Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Occidental Petroleum's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OPC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Occidental Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OPC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.25 2.25 2.25 1.00
2023-12-31 1.21 2.30 0.11 2.00
2022-12-31 -0.08 1.60 -2.46 6.00
2021-12-31 -1.63 1.15 -5.06 11.00
2020-12-31 -2.53 0.22 -5.58 11.00
2020-03-30
DB:OPC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.20
2019-09-30 1.39
2019-06-30 5.09
2019-03-31 5.33
2018-12-31 5.40
2018-09-30 5.11
2018-06-30 2.91
2018-03-31 2.47
2017-12-31 1.71
2017-09-30 0.71
2017-06-30 0.15
2017-03-31 -0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Occidental Petroleum will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Occidental Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Occidental Petroleum has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Occidental Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Occidental Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Occidental Petroleum does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Occidental Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Occidental Petroleum's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Occidental Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Occidental Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OPC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 20,393.00 -970.00 1,128.00
2019-09-30 18,873.00 1,073.00 1,919.00
2019-06-30 18,402.00 3,831.00 1,789.00
2019-03-31 18,065.00 4,037.00 1,831.00
2018-12-31 17,824.00 4,114.00 695.00
2018-09-30 16,554.00 3,904.00 986.00
2018-06-30 14,337.00 2,231.00 1,171.00
2018-03-31 13,314.00 1,893.00 1,368.00
2017-12-31 12,508.00 1,305.00 628.00
2017-09-30 11,804.00 542.00 1,965.00
2017-06-30 11,453.00 116.00 1,930.00
2017-03-31 10,924.00 -525.00 1,935.00
2016-12-31 10,090.00 -1,002.00 1,933.00
2016-09-30 10,108.00 -6,239.00 1,304.00
2016-06-30 10,576.00 -8,607.00 1,276.00
2016-03-31 11,514.00 -8,291.00 1,268.00
2015-12-31 12,480.00 -8,146.00 1,306.00
2015-09-30 13,981.00 -6,065.00 1,434.00
2015-06-30 15,769.00 -2,468.00 1,520.00
2015-03-31 17,433.00 -1,492.00 1,631.00
2014-12-31 19,312.00 -144.00 1,653.00
2014-09-30 16,892.00 3,934.00 1,278.00
2014-06-30 18,437.00 4,527.00 1,422.00
2014-03-31 19,266.00 4,695.00 1,527.00
2013-12-31 20,170.00 4,919.00 1,684.00
2013-09-30 24,454.00 4,629.00 2,064.00
2013-06-30 23,970.00 4,420.00 2,000.00
2013-03-31 23,776.00 4,427.00 1,858.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Occidental Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Occidental Petroleum has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Occidental Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Occidental Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Occidental Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Occidental Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Occidental Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Occidental Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Occidental Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Occidental Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Occidental Petroleum Company Filings, last reported 2 months ago.

DB:OPC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 34,232.00 39,623.00 3,037.00
2019-09-30 41,005.00 49,446.00 4,854.00
2019-06-30 21,347.00 10,289.00 1,751.00
2019-03-31 21,236.00 10,319.00 1,752.00
2018-12-31 21,330.00 10,317.00 3,033.00
2018-09-30 21,493.00 10,314.00 2,954.00
2018-06-30 20,931.00 10,312.00 1,362.00
2018-03-31 20,722.00 10,309.00 1,606.00
2017-12-31 20,572.00 9,828.00 1,672.00
2017-09-30 20,669.00 9,826.00 1,806.00
2017-06-30 21,037.00 9,824.00 2,218.00
2017-03-31 21,079.00 9,822.00 1,494.00
2016-12-31 21,497.00 9,819.00 2,233.00
2016-09-30 22,296.00 8,333.00 3,180.00
2016-06-30 23,101.00 8,331.00 3,751.00
2016-03-31 23,789.00 7,608.00 3,176.00
2015-12-31 24,350.00 8,305.00 3,201.00
2015-09-30 29,882.00 8,332.00 2,547.00
2015-06-30 33,302.00 8,330.00 2,756.00
2015-03-31 34,164.00 6,839.00 2,153.00
2014-12-31 34,959.00 6,838.00 3,789.00
2014-09-30 44,085.00 8,436.00 2,897.00
2014-06-30 43,812.00 6,835.00 2,391.00
2014-03-31 43,369.00 6,877.00 2,332.00
2013-12-31 43,372.00 6,939.00 3,393.00
2013-09-30 42,968.00 7,561.00 3,771.00
2013-06-30 41,850.00 7,626.00 3,069.00
2013-03-31 40,940.00 7,624.00 2,140.00
  • Occidental Petroleum's level of debt (115.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19.6% vs 115.7% today).
  • Debt is not well covered by operating cash flow (18.6%, less than 20% of total debt).
  • Occidental Petroleum is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Occidental Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Occidental Petroleum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Occidental Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
27.22%
Current annual income from Occidental Petroleum dividends. Estimated to be 11.7% next year.
If you bought €2,000 of Occidental Petroleum shares you are expected to receive €544 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Occidental Petroleum's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Occidental Petroleum's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OPC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:OPC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.65 6.00
2021-12-31 1.21 11.00
2020-12-31 1.90 11.00
2020-03-30
DB:OPC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-13 3.160 17.692
2019-11-06 3.160 7.786
2019-07-11 3.160 7.019
2019-05-09 3.120 6.140
2019-05-06 3.120 5.314
2018-10-18 3.120 4.727
2018-07-12 3.120 3.906
2018-05-03 3.080 3.683
2018-02-08 3.080 4.476
2017-10-05 3.080 4.405
2017-07-13 3.080 5.028
2017-05-11 3.040 5.045
2017-02-16 3.040 4.808
2016-10-06 3.040 4.339
2016-07-14 3.040 4.081
2016-04-28 3.000 3.962
2016-02-18 3.000 4.245
2015-10-08 3.000 4.324
2015-07-09 3.000 4.314
2015-05-05 3.000 3.878
2015-02-12 2.880 3.727
2014-10-02 2.880 3.473
2014-07-10 2.880 2.888
2014-05-01 2.880 2.892
2014-02-13 2.880 3.012
2013-10-10 2.560 2.733
2013-07-11 2.560 2.838
2013-05-02 2.560 2.811
2013-02-14 2.560 3.111
2012-10-11 2.160 2.706
2012-07-12 2.160 2.488
2012-05-03 2.160 2.609
2012-02-09 2.160 2.232
2011-10-13 1.840 1.945
2011-07-14 1.840 2.165
2011-05-05 1.840 1.784
2010-12-10 1.840 1.846
2010-10-14 1.520 1.780
2010-07-15 1.520 1.948
2010-05-06 1.520 1.868
2010-02-12 1.320 1.581
2009-10-08 1.320 1.645
2009-07-16 1.320 1.798
2009-04-30 1.320 2.064

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Occidental Petroleum's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Occidental Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Occidental Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Occidental Petroleum has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Occidental Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vicki Hollub
COMPENSATION $14,105,693
AGE 59
TENURE AS CEO 3.9 years
CEO Bio

Ms. Vicki A. Hollub has been the President and Chief Executive Officer at Occidental Petroleum Corporation since December 10, 2015 and April 29, 2016 respectively. Ms. Hollub has been a Director of Lockheed Martin Corp. since July 2, 2018. Ms. Hollub served as Senior Executive Vice President at Occidental Petroleum Corporation since May 2015 and served as its Chief Operating Officer from December 10, 2015 to April 29, 2016. Ms. Hollub joined Occidental more than 30 years ago and has held a variety of management and technical positions with responsibilities on three continents, including roles in the United States, Russia, Venezuela and Ecuador. She served as Senior Executive Vice President and President, Oxy Oil and Gas since 2015, where she was responsible for operations in the U.S., the Middle East region and Latin America. Ms. Hollub served as President of Oxy Oil & Gas – Americas at Occidental Petroleum Corporation since July 2014. Ms. Hollub serves on the boards of the American Petroleum Institute and Khalifa University for Science and Technology in Abu Dhabi. She is the U.S. chair for the U.S. - Colombia Business Council. She served the President of Occidental Oil & Gas - Americas for Occidental Petroleum Corporation since July 2014. Ms. Hollub served as an Executive Vice President of U.S. Operations, Oxy Oil & Gas at Occidental Petroleum Corporation from October 2013 to 2014 and served its Vice President at Occidental Petroleum Corporation from October 2013 to 2015. Since joining Occidental in 1981, she has held a variety of technical and leadership positions, including Executive Vice President of California Operations at Oxy Oil & Gas from 2012 to October 2013 and President and General Manager of Oxy Permian. She has been Director at Occidental Petroleum Corporation since December 10, 2015. Ms. Hollub holds a Bachelor of Science in Mineral Engineering from the University of Alabama. She was inducted into the University of Alabama College of Engineering 2016 class of Distinguished Engineering Fellows.

CEO Compensation
  • Vicki's compensation has increased whilst company is loss making.
  • Vicki's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Occidental Petroleum management team in years:

5
Average Tenure
59
Average Age
  • The average tenure for the Occidental Petroleum management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vicki Hollub

TITLE
President
COMPENSATION
$14M
AGE
59
TENURE
3.9 yrs

Cedric Burgher

TITLE
Senior VP & CFO
COMPENSATION
$5M
AGE
58
TENURE
2.8 yrs

Marcia Backus

TITLE
Senior VP
COMPENSATION
$5M
AGE
65
TENURE
6.4 yrs

Sandy Lowe

TITLE
Executive VP & Group Chairman of Middle East
COMPENSATION
$5M
AGE
68
TENURE
5 yrs

Glenn Vangolen

TITLE
Senior Vice President of Business Support
COMPENSATION
$5M
AGE
60
TENURE
6.2 yrs

Christopher Champion

TITLE
VP, Chief Accounting Officer & Controller
AGE
49
TENURE
0.6 yrs

Ioannis Charalambous

TITLE
Chief Information Officer& VP
TENURE
5.7 yrs

Jeff Alvarez

TITLE
Vice President of Investor Relations
TENURE
2.2 yrs

Melissa Schoeb

TITLE
Vice President of Corporate Affairs
AGE
50
TENURE
7.8 yrs

Darin Moss

TITLE
Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the Occidental Petroleum board of directors in years:

6.4
Average Tenure
67
Average Age
  • The tenure for the Occidental Petroleum board of directors is about average.
Board of Directors

Steve Chazen

TITLE
Chairman
COMPENSATION
$3M
AGE
72

Vicki Hollub

TITLE
President
COMPENSATION
$14M
AGE
59
TENURE
4.3 yrs

Jack Moore

TITLE
Independent Vice Chairman
COMPENSATION
$350K
AGE
66
TENURE
1.2 yrs

Dick Poladian

TITLE
Independent Director
COMPENSATION
$386K
AGE
68
TENURE
12.2 yrs

Carlos Gutierrez

TITLE
Independent Director
COMPENSATION
$375K
AGE
65
TENURE
10.7 yrs

E. Abraham

TITLE
Independent Director
COMPENSATION
$359K
AGE
66
TENURE
14.8 yrs

Peggy Foran

TITLE
Independent Director
COMPENSATION
$385K
AGE
65
TENURE
9.3 yrs

Bill Klesse

TITLE
Independent Director
COMPENSATION
$350K
AGE
73
TENURE
6.4 yrs

Gene Batchelder

TITLE
Director
COMPENSATION
$490K
AGE
72
TENURE
6.4 yrs

Elisse Walter

TITLE
Independent Director
COMPENSATION
$360K
AGE
68
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Occidental Petroleum individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Buy Kenneth Dillon Individual 26. Mar 20 26. Mar 20 10,000 €12.18 €121,760
16. Mar 20 Buy William Klesse Individual 13. Mar 20 13. Mar 20 20,000 €10.66 €213,265
12. Mar 20 Buy Icahn Capital LP Company 09. Mar 20 11. Mar 20 66,055,417 €15.18 €854,765,677
10. Mar 20 Buy Oscar Brown Individual 06. Mar 20 06. Mar 20 5,000 €24.23 €121,161
04. Mar 20 Buy Elisse Walter Individual 04. Mar 20 04. Mar 20 3,758 €29.83 €112,098
09. Dec 19 Buy Jack Moore Individual 06. Dec 19 06. Dec 19 12,900 €34.94 €450,694
09. Dec 19 Buy William Klesse Individual 06. Dec 19 06. Dec 19 10,000 €35.13 €351,321
27. Nov 19 Buy Robert Shearer Individual 26. Nov 19 26. Nov 19 5,000 €35.37 €176,839
20. Nov 19 Buy William Klesse Individual 19. Nov 19 19. Nov 19 6,000 €34.38 €206,257
12. Nov 19 Buy William Klesse Individual 08. Nov 19 08. Nov 19 12,000 €35.67 €428,086
30. Sep 19 Buy William Klesse Individual 27. Sep 19 27. Sep 19 5,000 €41.60 €207,981
26. Aug 19 Buy Oscar Brown Individual 23. Aug 19 23. Aug 19 5,000 €38.26 €191,300
19. Aug 19 Buy Kenneth Dillon Individual 16. Aug 19 16. Aug 19 5,000 €40.17 €200,832
15. Aug 19 Buy Cedric Burgher Individual 14. Aug 19 14. Aug 19 2,500 €38.83 €97,076
15. Aug 19 Buy Margaret Foran Individual 14. Aug 19 14. Aug 19 1,000 €38.72 €38,723
13. Aug 19 Buy William Klesse Individual 12. Aug 19 12. Aug 19 5,000 €40.05 €200,274
06. Aug 19 Buy Robert Shearer Individual 05. Aug 19 05. Aug 19 15,000 €44.88 €673,262
13. Jun 19 Buy Cedric Burgher Individual 13. Jun 19 13. Jun 19 4,100 €44.00 €180,396
13. Jun 19 Buy Avedick Poladian Individual 12. Jun 19 12. Jun 19 5,000 €43.09 €215,441
12. Jun 19 Buy Glenn Vangolen Individual 11. Jun 19 11. Jun 19 5,000 €42.89 €214,430
12. Jun 19 Buy Oscar Brown Individual 10. Jun 19 12. Jun 19 15,000 €42.86 €639,831
11. Jun 19 Buy Eugene Batchelder Individual 10. Jun 19 10. Jun 19 9,100 €42.54 €387,006
11. Jun 19 Buy William Klesse Individual 10. Jun 19 10. Jun 19 10,000 €42.63 €426,265
10. Jun 19 Buy Vicki Hollub Individual 10. Jun 19 10. Jun 19 37,460 €42.56 €1,594,470
10. Jun 19 Buy Marcia Backus Individual 10. Jun 19 10. Jun 19 10,000 €42.51 €425,116
X
Management checks
We assess Occidental Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Occidental Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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, and Latin America. The company operates through three segments: Oil and Gas, Chemical, and Marketing and Midstream. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

Details
Name: Occidental Petroleum Corporation
OPC
Exchange: DB
Founded: 1920
$9,420,724,413
895,224,961
Website: http://www.oxy.com
Address: Occidental Petroleum Corporation
5 Greenway Plaza,
Suite 110,
Houston,
Texas, 77046-0521,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OXY Common Stock New York Stock Exchange US USD 02. Jan 1968
DB OPC Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA OPC Common Stock XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0KAK Common Stock London Stock Exchange GB USD 02. Jan 1968
BMV OXY1 * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA OXYP34 BDR EACH 1 REP 0.5 COM USD0.20 Bolsa de Valores de Sao Paulo BR BRL 17. May 2019
Number of employees
Current staff
Staff numbers
14,400
Occidental Petroleum employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:02
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.