Question 1

What is Occidental Petroleum's P/E ratio?

Accepted Answer

Occidental Petroleum (OXY) P/E ratio is 12.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Occidental Petroleum specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

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

Accepted Answer

Occidental Petroleum's P/E ratio of 12.2× is above its own 5-year average of 11.5× and below the sector median of 17.8×. That places the current reading at the 57th 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/E ratio range?

Accepted Answer

In the available daily series, Occidental Petroleum (OXY) P/E ratio has ranged from a low of 4.3× in 2022 to a high of 420.1× in 2017. The 5-year average is 11.5× and the 5-year median is 11.5×.

Question 7

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

Accepted Answer

Occidental Petroleum (OXY) P/E ratio at the end of 2025 was 17.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$2.29B	17.7×	+2.4×	Dec 31, 2025
2024	$46.5B	$3.04B	15.3×	+4.0×	Dec 31, 2024
2023	$52.6B	$4.67B	11.3×	+6.9×	Dec 31, 2023
2022	$57.1B	$13.2B	4.3×	-7.4×	Dec 31, 2022
2021	$27.1B	$2.31B	11.8×	—	Dec 31, 2021
2020	$16.2B	-$14.8B	—	—	Dec 31, 2020
2019	$36.9B	-$672M	—	—	Dec 31, 2019
2018	$46.3B	$4.11B	11.2×	-31.9×	Dec 31, 2018
2017	$56.4B	$1.31B	43.2×	—	Dec 31, 2017
2016	$54.4B	-$574M	—	—	Dec 31, 2016
2015	$51.6B	-$7.83B	—	—	Dec 31, 2015
2014	$62.3B	$616M	101.2×	+88.8×	Dec 31, 2014
2013	$73.1B	$5.9B	12.4×	-0.5×	Dec 31, 2013
2012	$59.3B	$4.6B	12.9×	+2.1×	Dec 31, 2012
2011	$72.9B	$6.77B	10.8×	-6.1×	Dec 31, 2011
2010	$76.5B	$4.53B	16.9×	-4.9×	Dec 31, 2010
2009	$63.4B	$2.92B	21.7×	+14.9×	Dec 31, 2009
2008	$46.6B	$6.86B	6.8×	-4.6×	Dec 31, 2008
2007	$61.5B	$5.4B	11.4×	+1.9×	Dec 31, 2007
2006	$39.7B	$4.19B	9.5×	+3.6×	Dec 31, 2006
2005	$31B	$5.28B	5.9×	-2.8×	Dec 31, 2005
2004	$22.2B	$2.57B	8.6×	-1.4×	Dec 31, 2004
2003	$15.4B	$1.53B	10.1×	-0.3×	Dec 31, 2003
2002	$10.3B	$989M	10.4×	—	Dec 31, 2002


Diamondback Energy (FANG)	138.8×
Texas Pacific Land (TPL)	65.0×
Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Halliburton (HAL)	17.7×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
National Fuel Gas (NFG)	13.0×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×

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

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

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

About P/E Ratio at Occidental Petroleum (OXY)

Occidental Petroleum P/E Ratio by Year

Occidental Petroleum P/E Ratio 2025: 17.7×

Occidental Petroleum P/E Ratio 2024: 15.3×

Occidental Petroleum P/E Ratio 2023: 11.3×

Occidental Petroleum P/E Ratio 2022: 4.3×

Occidental Petroleum P/E Ratio 2021: 11.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Occidental Petroleum (OXY) Key Financials