Question 1

What is Occidental Petroleum's P/FCF ratio?

Accepted Answer

Occidental Petroleum (OXY) P/FCF ratio is 16.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Occidental Petroleum?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Occidental Petroleum specifically, the relevant sector benchmark is the current sector median of 22.1×.

Question 5

Is Occidental Petroleum's P/FCF ratio high or low?

Accepted Answer

Occidental Petroleum's P/FCF ratio of 16.1× is above its own 5-year average of 8.2× and below the sector median of 22.1×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Occidental Petroleum's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Occidental Petroleum (OXY) P/FCF ratio has ranged from a low of 4.0× in 2021 to a high of 290.2× in 2016. The 5-year average is 8.2× and the 5-year median is 8.2×.

Question 7

What was Occidental Petroleum's P/FCF ratio in 2025?

Accepted Answer

Occidental Petroleum (OXY) P/FCF ratio at the end of 2025 was 9.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Occidental Petroleum's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$40.6B	$4.33B	9.4×	-1.0×	Dec 31, 2025
2024	$46.5B	$4.5B	10.3×	+1.7×	Dec 31, 2024
2023	$52.6B	$6.06B	8.7×	+4.1×	Dec 31, 2023
2022	$57.1B	$12.5B	4.6×	+1.1×	Dec 31, 2022
2021	$27.1B	$7.74B	3.5×	-10.1×	Dec 31, 2021
2020	$16.2B	$1.18B	13.6×	-33.2×	Dec 31, 2020
2019	$36.9B	$787M	46.9×	+30.0×	Dec 31, 2019
2018	$46.3B	$2.75B	16.8×	-67.6×	Dec 31, 2018
2017	$56.4B	$668M	84.4×	-34.2×	Dec 31, 2017
2016	$54.4B	$459M	118.6×	—	Dec 31, 2016
2015	$51.6B	-$2.68B	—	—	Dec 31, 2015
2014	$62.3B	$4.25B	14.7×	-4.1×	Dec 31, 2014
2013	$73.1B	$3.89B	18.8×	-35.8×	Dec 31, 2013
2012	$59.3B	$1.09B	54.6×	+39.3×	Dec 31, 2012
2011	$72.9B	$4.76B	15.3×	+1.2×	Dec 31, 2011
2010	$76.5B	$5.41B	14.1×	-126.6×	Dec 31, 2010
2009	$63.4B	$450M	140.8×	—	Dec 31, 2009
2008	$46.6B	-$335M	—	—	Dec 31, 2008
2007	$61.5B	$1.92B	32.0×	+20.2×	Dec 31, 2007
2006	$39.7B	$3.35B	11.9×	+1.2×	Dec 31, 2006
2005	$31B	$2.91B	10.6×	-0.9×	Dec 31, 2005
2004	$22.2B	$1.93B	11.5×	+1.1×	Dec 31, 2004
2003	$15.4B	$1.47B	10.4×	-1.5×	Dec 31, 2003
2002	$10.3B	$864M	11.9×	—	Dec 31, 2002


Phillips 66 (PSX)	615.5×
Targa Resources (TRGP)	205.8×
Williams Companies (WMB)	123.3×
Enbridge (ENB)	73.7×
Texas Pacific Land (TPL)	66.3×
Diamondback Energy (FANG)	35.1×
Enphase Energy (ENPH)	34.2×
Chevron (CVX)	30.6×
National Fuel Gas (NFG)	29.1×
Baker Hughes (BKR)	26.4×
ONEOK (OKE)	25.4×
EOG Resources (EOG)	18.9×
Energy Transfer LP (ET)	18.2×
SLB (SLB)	16.5×
Halliburton (HAL)	16.5×
Marathon Petroleum (MPC)	12.6×
Valero Energy (VLO)	12.4×
Devon Energy (DVN)	11.9×
ConocoPhillips (COP)	10.5×
APA (APA)	10.1×
Expand Energy (EXE)	9.2×

P/FCF Ratio for Occidental Petroleum (OXY) 2002-2026

P/FCF Ratio daily chart for Occidental Petroleum (OXY)

Historical P/FCF Ratio for Occidental Petroleum (OXY) from 2002 to 2025

About P/FCF Ratio at Occidental Petroleum (OXY)

Occidental Petroleum P/FCF Ratio by Year

Occidental Petroleum P/FCF Ratio 2025: 9.4×

Occidental Petroleum P/FCF Ratio 2024: 10.3×

Occidental Petroleum P/FCF Ratio 2023: 8.7×

Occidental Petroleum P/FCF Ratio 2022: 4.6×

Occidental Petroleum P/FCF Ratio 2021: 3.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Occidental Petroleum (OXY) Key Financials