Occidental Petroleum Corporation (OXY) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+54.2%

$93.62

vs $60.74 price

Levered DCF

$84.97

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.11

Grey zone

Rating

A+

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	24.33×	19.08×	14.15×	4.7×	17.9×	-1.01×	-33.87×	11.36×
P/B	1.11×	1.32×	1.76×	1.94×	1.33×	0.86×	0.97×	2.19×
P/S	1.86×	2.05×	1.87×	1.61×	1.04×	0.93×	1.74×	3×
EV / EBITDA	5.37×	5.77×	5.25×	3.54×	3.98×	-8.28×	9.31×	5.42×
Gross margin	33.8%	36.4%	34.4%	47.0%	29.3%	2.6%	23.1%	31.6%
Operating margin	17.2%	21.3%	22.9%	36.6%	18.0%	-11.3%	6.7%	18.4%
Net margin	11.0%	13.8%	16.5%	36.5%	8.9%	-86.5%	-3.5%	26.4%
Current ratio	0.94×	0.95×	0.92×	1.15×	1.23×	1.07×	1.15×	1.34×
Debt / equity	0.66×	0.79×	0.69×	0.69×	1.49×	2.01×	1.17×	0.48×
Interest coverage	4.14×	4.02×	6.87×	12.9×	2.89×	-1.35×	1.21×	7.36×
Dividend yield	4.0%	3.2%	2.6%	2.0%	3.1%	11.6%	7.9%	5.1%
Payout ratio	67.3%	47.5%	29.2%	9.0%	36.3%	-12.4%	-393.4%	57.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.6%	8.9%	15.4%	43.9%	11.4%	-79.9%	-1.9%	19.3%
Return on invested capital	3.2%	4.3%	7.1%	19.2%	5.2%	-2.3%	-1.9%	5.9%
Return on assets	2.7%	3.6%	6.3%	18.2%	3.1%	-18.5%	-0.6%	9.4%
Free cash flow yield	10.2%	9.8%	11.4%	21.4%	27.9%	8.9%	3.0%	5.8%
Earnings yield	5.9%	6.8%	8.8%	22.7%	8.5%	-93.3%	-2.0%	8.8%
Enterprise value	$62.1B	$70B	$72.6B	$78.1B	$54.7B	$51.2B	$70.4B	$54B
Net debt / EBITDA	1.9×	2.06×	1.41×	0.9×	2.01×	-5.71×	4.9×	0.73×
Cash conversion cycle (days)	19	27	21	6	18	21	-2	-9