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 55,300 - -
Change - 110.74% -8.17% -11.52% -12.62% 36.5% - -
Enterprise Value (EV) 1 53,905 75,886 70,712 70,348 60,940 62,628 57,125 56,707
Change - 40.78% -6.82% -0.52% -13.37% 2.77% -8.79% -0.73%
P/E 18.3x 5.08x 15.3x 20.3x 25.5x 6.86x 14x 13.3x
PBR 1.33x 1.88x 1.74x 1.79x 1.46x 1.52x 1.43x 1.34x
PEG - 0x -0.2x -0.5x -0.7x 0x -0.3x 2.41x
Capitalization / Revenue 1.03x 1.54x 1.81x 1.72x 1.84x 2.08x 2.26x 2.24x
EV / Revenue 2.05x 2.05x 2.45x 2.62x 2.76x 2.36x 2.33x 2.29x
EV / EBITDA 3.59x 3.38x 4.9x 4.8x 4.8x 3.71x 3.98x 3.91x
EV / EBIT 8.18x 4.88x 9.34x 9.66x 11.8x 6.59x 8.21x 8.51x
EV / FCF 7.3x 6.15x 11.7x 14.9x 20x 6.93x 7.58x 8.8x
FCF Yield 13.7% 16.2% 8.54% 6.71% 5% 14.4% 13.2% 11.4%
Dividend per Share 2 0.04 0.52 0.72 0.88 0.96 1.029 1.097 1.178
Rate of return 0.14% 0.83% 1.21% 1.78% 2.33% 1.86% 1.98% 2.13%
EPS 2 1.58 12.4 3.9 2.44 1.61 8.062 3.956 4.174
Distribution rate 2.53% 4.19% 18.5% 36.1% 59.6% 12.8% 27.7% 28.2%
Net sales 1 26,314 37,095 28,918 26,880 22,075 26,582 24,517 24,713
EBITDA 1 15,034 22,468 14,436 14,657 12,705 16,876 14,366 14,521
EBIT 1 6,587 15,542 7,571 7,286 5,172 9,504 6,961 6,662
Net income 1 1,522 12,504 3,773 2,377 1,647 8,720 4,162 4,158
Net Debt 1 26,829 18,825 18,312 23,984 20,428 7,329 1,825 1,407
Reference price 2 28.99 62.99 59.71 49.41 41.12 55.32 55.32 55.32
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.($)
11.8x2.31x5.11x2.71% 150B
11.89x3.16x6.14x3.72% 97.19B
8.15x2.46x4.3x3% 72.26B
18.3x4.13x10.96x5.35% 69.76B
9.54x1.42x4.64x1.97% 57.47B
6.86x2.36x3.73x1.85% 55.3B
8.78x2.42x4.79x2.41% 52.94B
11.11x3.31x4.72x2.37% 51.47B
12.03x3.24x4.9x6.25% 42.15B
Average 10.94x 2.76x 5.48x 3.29% 72.1B
Weighted average by Cap. 11.20x 2.72x 5.57x 3.22%

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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