Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. 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; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
Performance Paradox | Delve into Occidental's strong operational results, particularly in US oil and midstream sectors, juxtaposed against concerns over increased leverage and market underperformance |
Analyst Outlook | With price targets ranging from $55 to $73, analysts present mixed views on Occidental's future, reflecting both opportunities and challenges in its financial landscape |
Debt Dilemma | Explore Occidental's ambitious debt reduction strategy, aiming for under $15 billion, while balancing operational needs and growth opportunities in a volatile market |
Permian Powerhouse | Occidental's strategic expansion in the Permian Basin through the CrownRock acquisition positions it for potential growth and operational synergies in a key oil-producing region |
Metrics to compare | OXY | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipOXYPeersSector | |
---|---|---|---|---|
P/E Ratio | 17.5x | 6.9x | 4.8x | |
PEG Ratio | −0.47 | −0.16 | 0.00 | |
Price / Book | 1.5x | 0.9x | 1.1x | |
Price / LTM Sales | 1.5x | 1.1x | 1.0x | |
Upside (Analyst Target) | 30.9% | 36.5% | 44.6% | |
Fair Value Upside | Unlock | 28.6% | 12.5% | Unlock |