Occidental Petroleum is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker OXY on the NYSE exchange.
Occidental Petroleum stock last closed at $64.99, up 1.23% from the previous day, and has increased 4.47% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.17 percentage points. Occidental Petroleum stock is currently +17.91% from its 52-week low of $55.12, and -3.95% from its 52-week high of $67.67.
There are currently 879.5M shares of OXY outstanding. The market value of OXY is $57.16B. In the last 24 hours, 7.1M OXY shares were traded.
How to Buy Occidental Petroleum Stock
Not sure how to invest in Occidental Petroleum stock? Here's how.
Choose where to buy Occidental Petroleum stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Occidental Petroleum stock.
Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Put funds into your brokerage account: Pick your payment method and add your info.
Analyze Occidental Petroleum stock: The Occidental Petroleum ticker symbol is OXY. Is Occidental Petroleum stock a good investment? Should you buy shares of OXY? How do OXY's underlying business fundamentals look? Do top analysts think Occidental Petroleum is a good buy? Why has OXY's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if OXY is a good stock to buy).
Execute your OXY purchase: Decide if you will purchase OXY shares at the current market price or use a limit order to purchase OXY stock at a particular price.
Get notifications regarding your investment in OXY: Create a watchlist to key updates about your investment in Occidental Petroleum shares.
Step 1: Choose where to buy Occidental Petroleum stock
You need a brokerage account in order to access the NYSE market and buy OXY stock.
A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Open your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you can buy OXY today.
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Step 4: Analyze Occidental Petroleum stock
After you have selected the best place to buy Occidental Petroleum stock, it's important to research their stock before you buy, so you truly comprehend the risk and opportunity.
Occidental Petroleum shares at a glance
OXY Price
$64.99
1w %
1.66%
1y %
4.47%
5y %
-2.37%
P/E
15.4x
P/B
1.89x
P/S
1.98x
PEG
0.72x
Revenue
$28.92B
Earnings
$3.77B
Fore. Rev. Growth
5.62%
Fore. Earn. Growth
23.92%
Market Cap
$57.16B
Next Earnings
May 7, 2024
Next Dividend
Apr 15, 2024
OXY Zen Score
WallStreetZen was created to help average investors do better fundamental analysis.
You can view all of the due diligence checks on OXY's stock page.
What is the fair value of OXY stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OXY's intrinsic value.
Using relative valuations metrics:
OXY may be overvalued based on its P/E ratio of 15.4x, relative to Oil & Gas E&P industry P/E ratio of 13x
OXY could be undervalued based on its P/B ratio of 1.89x, relative to Oil & Gas E&P industry P/B ratio of 2.09x
OXY could be undervalued based on its PEG ratio of 0.72x
OXY's operating cash flow of $12.31B allows it to safely service it's debt of $20.91B.
OXY earnings of $7.37B is not enough to cover its interest payments.
Failed Health Checks:
There are more long-term liabilities than short-term assets on the OXY balance sheet.
OXY has a relatively high debt to equity ratio of 1.44.
OXY profit margin has gone down from 33.7% to 13% in the past year.
Total OXY debt is higher than 5 years ago, relative to shareholder equity.
There are more short-term liabilities than short-term assets on the OXY balance sheet.
Is OXY stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 Equities analysts who track OXY, the consensus analyst rating on Occidental Petroleum is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest OXY Analyst Recommendations
John Royall, a top 18% analyst from JP Morgan maintains OXY with a hold rating and lowers their OXY price target from $78.00 to $73.00, on Dec 8, 2023.
Phil Gresh, a top 24% analyst from JP Morgan maintains OXY with a hold rating and lowers their OXY price target from $81.00 to $78.00, on Nov 13, 2023.
Biju Perincheril, a bottom 3% analyst from Susquehanna maintains OXY with a strong buy rating and raises their OXY price target from $72.00 to $78.00, on Oct 18, 2023.
Mike Scialla, a top 21% analyst from Stephens & Co. reiterates OXY with a strong buy rating and maintains their OXY price target from $74.00 to $74.00, on Oct 12, 2023.
Josh Silverstein, a top 18% analyst from UBS maintains OXY with a hold rating and raises their OXY price target from $72.00 to $74.00, on Oct 4, 2023.
Last year, OXY earnings were $3.77B. In the last five year, OXY's earnings have grown by -4.81% per year. This was slower than the Oil & Gas E&P industry average of 15.36%.
Last year, OXY revenue was $28.92B. During the past 5 year, OXY's revenue has gone up by 8.84% per year. This was slower than the Oil & Gas E&P industry average of 20.04%.
Occidental Petroleum pays a dividend of 1.17%, compared to the Oil & Gas E&P industry's average dividend yield of 3.59%. If you owned $1,000 worth of OXY stock, you would have been paid $11.69 last year.
Occidental Petroleum dividend payments have not consistently grown over the past decade and have not remained stable.
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Step 5: Execute your OXY purchase
You have two primary order types:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are mostly fine.
Limit order: A limit order allows you to buy or sell a security at a specific price (or better). If you want to make sure you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and your broker will execute the order.
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How much does it cost to buy one Occidental Petroleum share?
As of Mar 28, 2024, it costs $64.99 to buy one share of Occidental Petroleum stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.154 shares of OXY.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.