Thinking of Buying Occidental Petroleum (OXY)? Here's What You Need to Know.

Shares of Energy sector company Occidental Petroleum moved -1.6% today, and are now trading at a price of $57.86. The large-cap stock's daily volume was 10,297,622 compared to its average volume of 9,320,687. The S&P 500 index returned a -1.0% performance.

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, North Africa, and Latin America. The company is based in Houston and has 11,973 full time employees. Its market capitalization is $50,938,265,600. Occidental Petroleum currently offers its equity investors a dividend that yields 1.1% per year.

21 analysts are following Occidental Petroleum and have set target prices ranging from $60.0 to $85.0 per share. On average, they have given the company a rating of buy. At today's prices, OXY is trading -19.16% away from its average analyst target price of $71.57 per share.

Over the last year, OXY shares have gone down by -12.0%, which represents a difference of -27.0% when compared to the S&P 500. The stock's 52 week high is $70.25 per share and its 52 week low is $55.51. With average free cash flows of $5.93 Billion that have been growing at an average rate of 25.6% over the last 6 years, Occidental Petroleum declining stock performance may not be reflective of the quality of its underlying business.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 16,810,000 6,246,000 10,564,000 -14.2
2022 16,810,000 4,497,000 12,313,000 62.78
2021 10,434,000 2,870,000 7,564,000 432.68
2020 3,955,000 2,535,000 1,420,000 40.87
2019 7,375,000 6,367,000 1,008,000 -62.58
2018 7,669,000 4,975,000 2,694,000
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.