OverviewSuggest Edit

Occidental Petroleum Corporation is an international oil and gas exploration and production company. Its principal businesses consist of three segments. The oil and gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGL), and natural gas. The chemical segment (OxyChem) mainly manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports, and stores oil, condensate, NGL, natural gas, carbon dioxide (CO2), and power. It also trades around its assets, including transportation and storage capacity. Additionally, the midstream and marketing segment invests in entities that conduct similar activities.

TypePublic
Founded1920
HQHouston, TX, US
Websiteoxy.com
Employee Ratings3.6
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2020)11,800(-18%)
Job Openings122
Revenue (FY, 2020)$17.8 B(-12%)
Share Price (Jul 2021)$27
Cybersecurity ratingAMore

Key People/Management at Occidental

Vicki A. Hollub

Vicki A. Hollub

Director, President and Chief Executive Officer
Robert Palmer

Robert Palmer

Senior Vice President, Technical and Supply Chain Services
Robert Peterson

Robert Peterson

Senior Vice President and Chief Financial Officer
Kenneth Dillon

Kenneth Dillon

Senior Vice President and President of International Oil and Gas Operations
Marcia E. Backus

Marcia E. Backus

Senior Vice President, General Counsel and Chief Compliance Officer
Edward A. Lowe

Edward A. Lowe

Executive Vice President, Group Chairman, Middle East
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Occidental Office Locations

Occidental has offices in Houston, Berwyn, Dallas, Lisle and in 10 other locations
Houston, TX, US (HQ)
5 E Greenway Plaza #110
Berwyn, PA, US
1055 Westlakes Dr #300
Dallas, TX, US
14555 Dallas Pkwy #400
Lisle, IL, US
3030 Warrenville Rd
Midland, TX, US
6001 Deauville Blvd
The Woodlands, TX, US
10077 Grogans Mill Rd #225
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Occidental Financials and Metrics

Occidental Revenue

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Occidental's revenue was reported to be $17.81 b in FY, 2020 which is a 12.7% decrease from the previous period.
USD

Revenue (Q1, 2021)

5.3b

Gross profit (Q1, 2021)

3.0b

Gross profit margin (Q1, 2021), %

57.4%

Net income (Q1, 2021)

(146.0m)

Market capitalization (22-Jul-2021)

25.4b

Closing stock price (22-Jul-2021)

27.0

Cash (31-Mar-2021)

2.3b

EV

60.1b
Occidental's current market capitalization is $25.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

17.8b20.4b17.8b

Revenue growth, %

14%(13%)

Cost of goods sold

6.6b8.3b8.5b

Gross profit

11.3b12.1b9.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

4.0b4.4b5.7b6.4b2.9b4.1b5.3b

Cost of goods sold

1.7b1.8b2.4b2.6b1.8b2.0b2.3b

Gross profit

2.3b2.6b3.3b3.8b1.1b2.2b3.0b

Gross profit Margin, %

57%59%58%59%39%53%57%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

3.0b3.0b2.0b

Accounts Receivable

4.9b6.4b2.1b

Inventories

1.3b1.4b1.9b

Current Assets

9.9b18.7b8.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.8b1.8b4.8b2.0b1.0b1.9b2.3b

Accounts Receivable

5.3b5.3b5.9b2.5b2.4b2.1b3.0b

Inventories

1.5b1.6b1.6b1.4b1.5b1.7b2.2b

Current Assets

9.3b9.4b20.9b14.1b8.4b10.7b10.1b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

4.1b(522.0m)(14.8b)

Depreciation and Amortization

4.0b6.0b8.1b

Inventories

(108.0m)77.0m(484.0m)

Accounts Payable

195.0m793.0m(3.2b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

631.0m1.3b514.0m(2.0b)(10.1b)(13.7b)(146.0m)

Depreciation and Amortization

973.0m2.0b3.7b2.2b4.4b6.3b2.2b

Inventories

(70.0m)41.0m(311.0m)

Accounts Payable

(4.4b)(4.7b)(42.0m)
USDFY, 2018

EV/CFO

7 x

EV/FCF

19.9 x

Revenue/Employee

1.6m

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x

P/E Ratio

11.4
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Occidental Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Oil Average Sales Price, $/bbl

$60.64$52.62$58.91$56.26$56.09$47.08$23.17$38.67$37.41$55.65

NGL Average Sales Price, $/bbl

$26.25$18.14$18$14.96$17.06$12.82$7.79$14.85$12.58$23.44

Gas Average Sales Price, $/mcf

$1.62$1.55$1.03$1.38$1.45$1.32$1.1$1.31$1.31$2.36

Oil Sales Volumes (United States), Mbbl/d

250277289486425662603508561488
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Occidental Acquisitions / Subsidiaries

Company NameDateDeal Size
Anadarko PetroleumAugust 08, 2019$55 b
PhibroOctober 09, 2009
Vintage PetroleumOctober 14, 2005
Laguna Petroleum Corp.June 24, 2002
ARCO Long BeachApril 24, 2000$68 m
Altura EnergyMarch 20, 2000
Cain ChemicalApril 15, 1998
Elk Hills FieldOctober 06, 1997$3.5 b
INDSPEC Chemical CorporationJanuary 01, 1996
1PointFive, Inc.
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Occidental Revenue Breakdown

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Occidental revenue breakdown by business segment: 12.1% from Midstream and Marketing, 67.1% from Oil and Gas and 20.8% from Chemical

Occidental revenue breakdown by geographic segment: 79.2% from United States, 15.5% from Middle East and 5.3% from Other

Human Capital Metrics

Source: craft.co
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Occidental Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Occidental Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Occidental Online and Social Media Presence

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Occidental Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    A+

    83/100

  • Compensation

    A+

    86/100

  • Diversity

    A

    77/100

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Occidental News and Updates

Occidental Announces Early Tender Results of and Upsize in Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes

HOUSTON, July 14, 2021 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the early tender results of its offers to purchase for cash (collectively, the “Tender Offers” and each a “Tender Offer”) its outstanding 2.700% Senior Notes due 2022 (the “2.700% 2022 Notes”), 2.70% Senior Notes due…

Occidental to Announce Second Quarter Results Tuesday, August 3, 2021; Hold Conference Call Wednesday, August 4, 2021

HOUSTON, July 08, 2021 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2021 financial results after close of market on Tuesday, August 3, 2021, and will hold a conference call to discuss results on Wednesday, August 4, 2021, at 1:00 p.m. Eastern/12:00 p.m. Central.

Occidental Petroleum Stock Fully Valued?

Per Q1 filings, Occidental Petroleum still has $2-3 billion of assets remaining to divest and ease cash flows for shareholder returns. The company incurred $10 billion of asset impairment charges last year and slashed its asset base by almost 25%. However, the recent surge in benchmark prices has...

Morgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain

While energy prices dipped on Thursday amid broad commodity weakness, the benchmark oil prices in the U.S. and Europe are still up about 80% over the past year.

Occidental Petroleum hones in on divestment goal with $508M deal

Houston-based Occidental Petroleum continues its divestment campaign with a new $508 million deal to sell Permian Basin acreage to Colgate Energy Partners III LLC, a Midland, Texas-based oil and gas producer.

Occidental Announces Continued Progress on Divestment Program with the Sale of Non-Strategic Permian Basin Acreage for $508 Million and Reaffirms 2021 Capital and Production Guidance

HOUSTON, June 10, 2021 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced it has entered into a definitive agreement to sell non-strategic acreage in the Permian Basin to an affiliate of Colgate Energy Partners III, LLC, for $508 million, subject to closing adjustments to reflect an April …
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Occidental Frequently Asked Questions

  • When was Occidental founded?

    Occidental was founded in 1920.

  • Who are Occidental key executives?

    Occidental's key executives are Vicki A. Hollub, Robert Palmer and Robert Peterson.

  • How many employees does Occidental have?

    Occidental has 11,800 employees.

  • What is Occidental revenue?

    Latest Occidental annual revenue is $17.8 b.

  • What is Occidental revenue per employee?

    Latest Occidental revenue per employee is $1.5 m.

  • Who are Occidental competitors?

    Competitors of Occidental include Pemex, Williams Companies and Pioneer Natural Resources.

  • Where is Occidental headquarters?

    Occidental headquarters is located at 5 E Greenway Plaza #110, Houston.

  • Where are Occidental offices?

    Occidental has offices in Houston, Berwyn, Dallas, Lisle and in 10 other locations.

  • How many offices does Occidental have?

    Occidental has 15 offices.