Briefing on the Fundamentals of Occidental Petroleum

By Tamara Parker • Friday, December 29 15:24 • Permanent Link

More and more people are talking about Occidental Petroleum over the last few weeks. Is it worth buying the Oil & Gas Drilling stock at a price of $59.62? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Occidental Petroleum has moved -4.8% over the last year, and the S&P 500 logged a change of 24.6%
OXY has an average analyst rating of buy and is -13.82% away from its mean target price of $69.19 per share
Its trailing earnings per share (EPS) is $4.59
Occidental Petroleum has a trailing 12 month Price to Earnings (P/E) ratio of 13.0 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $4.54 and its forward P/E ratio is 13.1
The company has a Price to Book (P/B) ratio of 2.49 in contrast to the S&P 500's average ratio of 2.95
Occidental Petroleum is part of the Energy sector, which has an average P/E ratio of 8.53 and an average P/B of 1.78
OXY has reported YOY quarterly earnings growth of -52.4% and gross profit margins of 0.6%
The company has a free cash flow of $4.83 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its 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 gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

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.