P/E ratio for Occidental Petroleum (OXY)
P/E ratio as of June 2024 (TTM): 9.35
According to Occidental Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.35. At the end of 2022 the company had a P/E ratio of 4.71.
P/E ratio history for Occidental Petroleum from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.71 | -73.65% |
| 2021 | 17.9 | -1866.76% |
| 2020 | -1.01 | -97.79% |
| 2019 | -45.8 | -502.09% |
| 2018 | 11.4 | -73.56% |
| 2017 | 43.1 | -145.96% |
| 2016 | -93.7 | 1323.32% |
| 2015 | -6.58 | -106.46% |
| 2014 | 102 | 718.39% |
| 2013 | 12.4 | -3.85% |
| 2012 | 12.9 | 19.83% |
| 2011 | 10.8 | -35.98% |
| 2010 | 16.9 | -22.28% |
| 2009 | 21.7 | 216.16% |
| 2008 | 6.87 | -39.86% |
| 2007 | 11.4 | 20.08% |
| 2006 | 9.51 | 63.01% |
| 2005 | 5.83 | -40.74% |
| 2004 | 9.84 | -2.46% |
| 2003 | 10.1 | -2.25% |
| 2002 | 10.3 | 25.92% |
| 2001 | 8.20 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apache Corporation APA | 5.69 | -39.15% | 🇺🇸 USA |
 ConocoPhillips COP | 11.9 | 27.72% | 🇺🇸 USA |
 EOG Resources EOG | 8.73 | -6.67% | 🇺🇸 USA |
 Marathon Oil
MRO | 10.0 | 7.29% | 🇺🇸 USA |
 Williams Companies
WMB | 18.5 | 97.45% | 🇺🇸 USA |
 Exxon Mobil XOM | 10.8 | 15.88% | 🇺🇸 USA |
 Chevron CVX | 11.3 | 20.69% | 🇺🇸 USA |
 Devon Energy
DVN | 6.21 | -33.61% | 🇺🇸 USA |
 Hess HES | 27.6 | 195.40% | 🇺🇸 USA |
 Southwestern Energy
SWN | 1.39 | -85.16% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.