Occidental Petroleum (OXY)
Forward P/E is 10.41x against a peer median of 9.41x, a ratio of 1.11x — inside the 0.90–1.15 fairly priced band, near its top — with trailing P/E 9.74x and PEG 0.59. Latest-quarter revenue grew 11.6% year over year (PRIMARY, EDGAR), below the cluster pace, but the low PEG of 0.59 means the small premium is not paired with stretched earnings expectations, so the test for a move to overvalued is not met. Delivered demand check: the Exploration & production group's median growth was 37.2% year over year — demand rising, with Occidental growing more slowly than that pace.
What would change this label: Move to UNDERVALUED if the forward P/E compresses to about 8.5x or below (0.90x the peer median) at unchanged estimates with revenue growth staying above 10% year over year. Move to OVERVALUED if the forward P/E rises above about 10.8x (1.15x the peer median) without a matching rise in growth, or if revenue growth falls to 0% year over year or below while the PEG rises above 2.
Occidental produces oil, gas and chemicals, and its sales grew about 12% in the latest quarter, slower than most similar producers. The shares trade at about 10 times next year's expected earnings, slightly above similar producers at about 9 times. The small extra cost looks roughly balanced by modest expected profit growth, so the price looks broadly fair.
Both lines start at 100 on 2020-09-01. Over the full window Occidental Petroleum returned +402.64% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Occidental Petroleum: -52.5% (2022-11-07 to 2025-04-08). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 10.41x against a peer median of 9.41x, a ratio of 1.11x — inside the 0.90–1.15 fairly priced band, near its top — with trailing P/E 9.74x and PEG 0.59. Latest-quarter revenue grew 11.6% year over year (PRIMARY, EDGAR), below the cluster pace, but the low PEG of 0.59 means the small premium is not paired with stretched earnings expectations, so the test for a move to overvalued is not met. Delivered demand check: the Exploration & production group's median growth was 37.2% year over year — demand rising, with Occidental growing more slowly than that pace. The company’s forward P/E is 10.4× against a peer median of 9.4×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Exploration & production group's median latest-quarter revenue growth was 37.2% year over year (SEC filings) — demand rising. Occidental grew more slowly, at 11.6% year over year. Latest-quarter sales growth was +11.6% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Occidental Petroleum (OXY) | $63.45 | 10.4× | 9.7× |
| FANG | $206.92 | 9.1× | 40.4× |
| DVN | $51.74 | 9.4× | 11.1× |
| EOG | $161.87 | 9.3× | 12.7× |
| EQT | $55.50 | 17.9× | 13.2× |
| TPL | $336.37 | 33.6× | 42.9× |
| Peer median | 9.4× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $7.1B | — | $2.8B | 2.75 | $2.7B |
| Q/E Mar 2026 2026-03-31 | $5.6B | — | $3.2B | 3.13 | $-273M |
| Q/E Dec 2025 2025-12-31 | $1.7B | — | $-67M | — | $1.9B |
| Q/E Sep 2025 2025-09-30 | $6.7B | — | $657M | 0.65 | $1.0B |
| Q/E Jun 2025 2025-06-30 | $6.3B | — | $261M | 0.26 | $962M |
| Q/E Mar 2025 2025-03-31 | $6.9B | — | $761M | 0.77 | $240M |
| Q/E Dec 2024 2024-12-31 | $6.9B | — | $-295M | — | $1.6B |
| Q/E Sep 2024 2024-09-30 | $7.0B | — | $959M | 0.98 | $2.0B |
| Q/E Jun 2024 2024-06-30 | $6.8B | — | $985M | 1.03 | $623M |
| Q/E Mar 2024 2024-03-31 | $6.7B | — | $888M | 0.75 | $224M |
| Q/E Dec 2023 2023-12-31 | $7.3B | — | $1.2B | — | $1.7B |
| Q/E Sep 2023 2023-09-30 | $7.3B | — | $1.4B | 1.20 | $1.5B |
The last twelve reported quarters. Full 24-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | OCCIDENTAL PETROLEUM CORP /DE/ |
| Chief executive | Richard Jackson (source: https://www.worldoil.com/news/2026/5/1/occidental-ceo-hollub-to-retire-june-1-coo-jackson-to-succeed/) |
| Sector | Energy — Oil & Gas Exploration & Production — produces crude oil, natural gas and chemicals |
| Share price (Oct 28, 2026) | $63.45 |
| Market value (market cap) | $62.7B — share price times shares outstanding of 999,637,371 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $21.0B |
| Net income, last twelve months | $6.5B |
| Free cash flow, last twelve months | $5.3B |
| Latest reported quarter | Q/E Jun 2026 (of 24 quarters in the data pack) |
| Six-year price return vs S&P 500 | +402.64% vs +118.28% |
| Worst peak-to-trough fall | -52.5% (2022-11-07 to 2025-04-08) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- CEO transition: Vicki Hollub retired effective June 1, 2026; Richard Jackson succeeded as President and CEO - Wikipedia still lists Hollub, superseded by WorldOil/Reuters reporting.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000797468.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000797468.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/OXY/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.