Company Valuation: Occidental Petroleum Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,076 57,061 52,400 46,364 40,512 60,018 - -
Change - 110.74% -8.17% -11.52% -12.62% 48.15% - -
Enterprise Value (EV) 1 53,905 75,886 70,712 70,348 60,940 67,082 60,410 57,277
Change - 40.78% -6.82% -0.52% -13.37% 10.08% -9.95% -5.19%
P/E 18.3x 5.08x 15.3x 20.3x 25.5x 7.69x 16.5x 15.8x
PBR 1.33x 1.88x 1.74x 1.79x 1.46x 1.65x 1.55x 1.45x
PEG - 0x -0.2x -0.5x -0.7x 0x -0.3x 3.3x
Capitalization / Revenue 1.03x 1.54x 1.81x 1.72x 1.84x 2.27x 2.47x 2.45x
EV / Revenue 2.05x 2.05x 2.45x 2.62x 2.76x 2.54x 2.49x 2.34x
EV / EBITDA 3.59x 3.38x 4.9x 4.8x 4.8x 4.01x 4.28x 4x
EV / EBIT 8.18x 4.88x 9.34x 9.66x 11.8x 7.07x 8.93x 8.68x
EV / FCF 7.3x 6.15x 11.7x 14.9x 20x 8.18x 8.84x 8.65x
FCF Yield 13.7% 16.2% 8.54% 6.71% 5% 12.2% 11.3% 11.6%
Dividend per Share 2 0.04 0.52 0.72 0.88 0.96 1.022 1.082 1.141
Rate of return 0.14% 0.83% 1.21% 1.78% 2.33% 1.7% 1.8% 1.9%
EPS 2 1.58 12.4 3.9 2.44 1.61 7.804 3.635 3.809
Distribution rate 2.53% 4.19% 18.5% 36.1% 59.6% 13.1% 29.8% 30%
Net sales 1 26,314 37,095 28,918 26,880 22,075 26,453 24,251 24,468
EBITDA 1 15,034 22,468 14,436 14,657 12,705 16,713 14,122 14,320
EBIT 1 6,587 15,542 7,571 7,286 5,172 9,494 6,766 6,601
Net income 1 1,522 12,504 3,773 2,377 1,647 8,548 3,823 3,797
Net Debt 1 26,829 18,825 18,312 23,984 20,428 7,064 391.5 -2,741
Reference price 2 28.99 62.99 59.71 49.41 41.12 60.04 60.04 60.04
Nbr of stocks (in thousands) 933,981 905,878 877,581 938,343 985,210 999,637 - -
Announcement Date 2/24/22 2/27/23 2/14/24 2/18/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.64x2.42x5.51x2.53% 161B
12.5x3.32x6.35x3.57% 104B
8.64x2.63x4.61x2.85% 76.16B
7.69x2.54x4.01x1.7% 60.02B
9.99x1.44x4.74x1.94% 59.76B
12.01x3.62x5.13x2.19% 55.79B
9.47x2.57x4.99x2.31% 55.26B
12.25x3.4x5.11x5.74% 43.62B
5.49x1.62x3.87x4.92% 35.48B
Average 10.08x 2.62x 4.93x 3.08% 72.37B
Weighted average by Cap. 10.71x 2.65x 5.14x 2.9%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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