Occidental Petroleum Corp
OXY—
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Occidental Petroleum Corp AI Insights
Informational only. Not investment advice.Snapshot
- Net debt of 19.5B at 0.82 debt/equity with 1.2B TTM interest expense consumes 57% of net income - deleveraging critical[Net Debt / Debt to Equity]
- FCF of 3.8B TTM vs 7.5B capex - capital intensity constrains shareholder returns despite 11.3B operating cash flow[Free Cash Flow TTM]
- 1.3B asset impairment TTM (1.5x industry median) signals potential reserve quality issues or acquisition writedowns[Asset Impairment Charge TTM]
Watch Triggers
- Net Debt: Falls below 15B — Would signal meaningful deleveraging progress and reduce equity risk
- ROIC TTM: Rises above 6% — Would indicate capital efficiency improving toward cost of capital
- Asset Impairment Charge TTM: Exceeds 2B — Would signal reserve quality deterioration or acquisition overpayment
Bull Case
EBITDA of 12.1B TTM (36x industry median) provides substantial cushion for debt service at 1.6x net debt/EBITDA
EBITDA TTMNet Debt
Operating margin of 18% at industry median with 68.6B PPE base positions for production upside if oil prices rise
Operating Margin TTMPPE
Bear Case
22.9B total debt at 0.82x equity with only 2.2B cash creates refinancing risk if commodity prices decline
Total DebtCash and EquivalentsDebt to Equity
ROIC of 3.5% TTM vs 5.1% industry median - capital destruction despite massive asset base of 83.5B
ROIC TTMTotal Assets
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Debt reduction will accelerate as FCF prioritizes deleveraging over dividends (currently $0/share)
1-3ymed
- 1.3B net debt repayment TTM
- 3.8B FCF available for debt service
- No dividend payout competing for cash
Net long-term debt issuance: -1.3B TTMDividends paid per share: $0 TTMInterest expense: 1.2B (39% of pretax income)
Valuation Context
Caveats
Public Strategies Rankings
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OXY Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Oil and Gas Extraction
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$63.17B | — | ||
$84.55B | — | ||
39 | — | ||
$21.59B | -19.2% | — | |
$1.61 | -62.7% | — | |
17.2% | -3.7% | — | |
10.8% | -0.7% | — | |
$4.11B | -7.1% | — | |
8.68% | -4.1% | — | |
Beta 5Y (Monthly) | unknown | — |
OXY Dividend History
105 dividends
2026
$0.260003/10/26$0.2600
2025
$0.960012/10/25$0.2400
09/10/25$0.2400
06/10/25$0.2400
03/10/25$0.2400
2024
$0.880012/10/24$0.2200
09/10/24$0.2200
06/10/24$0.2200
03/07/24$0.2200
2023
$0.720012/07/23$0.1800
09/07/23$0.1800
06/08/23$0.1800
03/09/23$0.1800
2022
$0.520012/09/22$0.1300
09/09/22$0.1300
06/09/22$0.1300
03/09/22$0.1300
2021
$0.040012/09/21$0.0100
09/09/21$0.0100
06/09/21$0.0100
03/09/21$0.0100
2020
$0.820012/09/20$0.0100
09/14/20$0.0100
06/12/20$0.0100
03/09/20$0.7900
2019
$3.140012/09/19$0.7900
09/09/19$0.7900
06/07/19$0.7800
03/08/19$0.7800
2018
$3.100012/07/18$0.7800
09/07/18$0.7800
06/08/18$0.7700
03/08/18$0.7700
2017
$3.060012/08/17$0.7700
09/08/17$0.7700
06/07/17$0.7600
03/08/17$0.7600
2016
$3.020012/07/16$0.7600
09/07/16$0.7600
06/08/16$0.7500
03/08/16$0.7500
2015
$2.970012/08/15$0.7500
09/08/15$0.7500
06/08/15$0.7500
03/06/15$0.7200
2014
$2.880012/08/14$0.7200
09/08/14$0.7200
06/06/14$0.7200
03/06/14$0.7200
2013
$2.560012/06/13$0.6400
09/06/13$0.6400
06/06/13$0.6400
03/06/13$0.6400
2012
$2.160012/06/12$0.5400
09/06/12$0.5400
06/06/12$0.5400
03/07/12$0.5400
2011
$1.840012/07/11$0.4600
09/07/11$0.4600
06/08/11$0.4600
03/08/11$0.4600
2010
$1.470012/08/10$0.3800
09/08/10$0.3800
06/08/10$0.3800
03/08/10$0.3300
2009
$1.310012/08/09$0.3300
09/08/09$0.3300
06/08/09$0.3300
03/06/09$0.3200
2008
$1.210012/08/08$0.3200
09/08/08$0.3200
06/06/08$0.3200
03/06/08$0.2500
2007
$0.940012/06/07$0.2500
09/06/07$0.2500
06/06/07$0.2200
03/07/07$0.2200
2006
$0.800012/06/06$0.2200
09/06/06$0.2200
06/07/06$0.1800
03/08/06$0.1800
2005
$0.645012/07/05$0.1800
09/07/05$0.1550
06/08/05$0.1550
03/08/05$0.1550
2004
$0.550012/08/04$0.1375
09/08/04$0.1375
06/08/04$0.1375
03/08/04$0.1375
2003
$0.520012/08/03$0.1300
09/08/03$0.1300
06/06/03$0.1300
03/06/03$0.1300
2002
$0.500012/06/02$0.1250
09/06/02$0.1250
06/06/02$0.1250
03/06/02$0.1250
2001
$0.500012/06/01$0.1250
09/06/01$0.1250
06/06/01$0.1250
03/07/01$0.1250
2000
$0.500012/06/00$0.1250
09/06/00$0.1250
06/07/00$0.1250
03/08/00$0.1250
OXY Stock Splits
1 stock split
08/16/060.5:1 split
OXY SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/18/26 | 12/31/25 | 10-K | |
11/10/25 | 09/30/25 | 10-Q | |
08/06/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/18/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/07/24 | 06/30/24 | 10-Q | |
05/07/24 | 03/31/24 | 10-Q | |
02/14/24 | 12/31/23 | 10-K | |
11/07/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/09/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/08/22 | 09/30/22 | 10-Q | |
08/02/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/03/21 | 06/30/21 | 10-Q | |
05/10/21 | 03/31/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
05/09/23 | 12/31/20 | 10-K/A | |
11/09/20 | 09/30/20 | 10-Q | |
08/10/20 | 06/30/20 | 10-Q | |
05/06/20 | 03/31/20 | 10-Q | |
02/28/20 | 12/31/19 | 10-K | |
11/04/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/06/19 | 03/31/19 | 10-Q | |
02/21/19 | 12/31/18 | 10-K | |
11/05/18 | 09/30/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
02/23/18 | 12/31/17 | 10-K | |
11/01/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/23/17 | 12/31/16 | 10-K | |
11/01/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
10/30/15 | 09/30/15 | 10-Q | |
08/04/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
02/23/15 | 12/31/14 | 10-K | |
10/31/14 | 09/30/14 | 10-Q | |
08/05/14 | 06/30/14 | 10-Q | |
05/05/14 | 03/31/14 | 10-Q | |
03/03/14 | 12/31/13 | 10-K | |
10/30/13 | 09/30/13 | 10-Q | |
08/05/13 | 06/30/13 | 10-Q | |
05/01/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
11/02/12 | 09/30/12 | 10-Q | |
08/06/12 | 06/30/12 | 10-Q | |
05/03/12 | 03/31/12 | 10-Q | |
02/23/12 | 12/31/11 | 10-K | |
11/03/11 | 09/30/11 | 10-Q | |
08/04/11 | 06/30/11 | 10-Q | |
05/05/11 | 03/31/11 | 10-Q | |
02/24/11 | 12/31/10 | 10-K | |
11/04/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/06/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
11/02/09 | 09/30/09 | 10-Q | |
08/06/09 | 06/30/09 | 10-Q | |
04/30/09 | 03/31/09 | 10-Q | |
02/24/09 | 12/31/08 | 10-K | |
11/04/08 | 09/30/08 | 10-Q | |
08/05/08 | 06/30/08 | 10-Q | |
05/01/08 | 03/30/08 | Unknown | -- |
02/22/08 | 12/31/07 | 10-K | |
10/31/07 | 09/30/07 | 13F-HR/A | |
08/01/07 | 06/30/07 | 10-Q | |
05/03/07 | 03/30/07 | Unknown | -- |
02/27/07 | 12/31/06 | 13F-HR/A | |
11/03/06 | 09/30/06 | 10-Q | |
08/07/06 | 06/30/06 | 10-Q | |
05/04/06 | 03/30/06 | Unknown | -- |
03/01/06 | 12/31/05 | PRE 14A | |
11/03/05 | 09/30/05 | 10-Q | |
08/02/05 | 06/30/05 | 10-Q | |
05/05/05 | 03/30/05 | Unknown | -- |
03/01/05 | 12/31/04 | 13F-HR/A | |
11/02/04 | 09/30/04 | 10-Q | |
08/02/04 | 06/30/04 | 10-Q | |
05/04/04 | 03/30/04 | Unknown | -- |
03/01/04 | 12/31/03 | 10-K | |
11/04/03 | 09/30/03 | 10-Q | |
08/05/03 | 06/30/03 | 10-Q | |
05/08/03 | 03/30/03 | Unknown | -- |
03/04/03 | 12/31/02 | 13F-HR | |
11/12/02 | 09/30/02 | 10-Q | |
08/09/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/30/02 | Unknown | -- |
03/13/02 | 12/31/01 | 10-K | |
11/14/01 | 09/30/01 | 10-Q | |
08/10/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/31/01 | 10-Q | |
03/09/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/10/00 | 06/30/00 | 10-Q | |
05/15/00 | 03/30/00 | Unknown | -- |