Occidental

OverviewSuggest Edit

Occidental Petroleum is an international oil and gas exploration and production company. Its principal businesses consist of 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 (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 Ratings3.7
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2021)11,678(-1%)
Job Openings256
Revenue (FY, 2021)$26 B(+46%)
Share Price (May 2022)$64
Cybersecurity ratingBMore
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Key People/Management at Occidental

Vicki A Hollub

Vicki A Hollub

Director, President and Chief Executive Officer, Director
Robert Peterson

Robert Peterson

Senior Vice President and Chief Financial Officer
Marcia E. Backus

Marcia E. Backus

Senior Vice President, General Counsel and Chief Compliance Officer
Christopher Champion

Christopher Champion

Vice President, Chief Accounting Officer and Controller
Yanni Charalambous

Yanni Charalambous

Vice President, Chief Information Officer
Jeff Bennett

Jeff Bennett

President, U.S. Onshore Resources and Carbon Management, Commercial Development
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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 Greenway Plaza, Suite 110
Berwyn, PA, US
1055 Westlakes Drive, Suite 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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View revenue for all periods
Occidental's revenue was reported to be $25.96 b in FY, 2021 which is a 45.7% increase from the previous period.
USD

Revenue (Q1, 2022)

8.3b

Gross profit (Q1, 2022)

5.5b

Gross profit margin (Q1, 2022), %

66%

Net income (Q1, 2022)

4.9b

Market capitalization (19-May-2022)

59.7b

Closing stock price (19-May-2022)

64.0

Cash (31-Dec-2021)

2.8b
Occidental's current market capitalization is $59.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

20.4b17.8b26.0b

Revenue growth, %

14%(13%)46%

Cost of goods sold

8.3b8.5b9.7b

Gross profit

12.1b9.3b16.3b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

6.4b2.9b4.1b5.3b6.0b6.8b8.3b

Cost of goods sold

2.6b1.8b2.0b2.3b2.2b2.5b2.8b

Gross profit

3.8b1.1b2.2b3.0b3.7b4.3b5.5b

Gross profit Margin, %

59%39%53%57%62%63%66%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

3.0b3.0b2.0b2.8b

Accounts Receivable

4.9b6.4b2.1b4.2b

Inventories

1.3b1.4b1.9b1.8b

Current Assets

9.9b18.7b8.8b10.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.8b1.8b4.8b2.0b1.0b1.9b2.3b4.6b2.1b

Accounts Receivable

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

Inventories

1.5b1.6b1.6b1.4b1.5b1.7b2.2b1.8b1.8b

Current Assets

9.3b9.4b20.9b14.1b8.4b10.7b10.1b12.8b9.9b
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

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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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

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: 19.4% from Chemical, 10.6% from Midstream and Marketing and 70.0% from Oil and Gas

Human Capital Metrics

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Occidental Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

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

    B+

    74/100

  • Compensation

    A+

    82/100

  • Diversity

    A

    78/100

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Occidental News and Updates

Berkshire Hathaway buys about $52 million of Occidental Petroleum stock

Warren Buffett's holding company Berkshire Hathaway Inc. acquired 901,768 shares of Occidental Petroleum in two purchases this week valued at a combined $52 million, according to a filing. Berkshire Hathaway bought 716,355 shares at $57.32 a share on Tuesday, and then acquired 185,419 shares at a …

Berkshire Buys More Occidental Stock, Boosting Bet on Oil Giant

Berkshire Buys More Occidental Stock, Boosting Bet on Oil Giant

Is This Stock A Better Pick Over Occidental Petroleum?

With rising production numbers and benchmark oil prices, both companies reported strong growth figures in 2021.

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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 Peterson and Marcia E. Backus.

  • How many employees does Occidental have?

    Occidental has 11,678 employees.

  • What is Occidental revenue?

    Latest Occidental annual revenue is $26 b.

  • What is Occidental revenue per employee?

    Latest Occidental revenue per employee is $2.2 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 Greenway Plaza, Suite 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 16 offices.