Occidental Petroleum
OXY
#335
Rank
$55.36 B
Marketcap
$62.44
Share price
1.93%
Change (1 day)
9.10%
Change (1 year)
Occidental Petroleum Corporation is an international US company engaged in the exploration and production of oil and gas.

P/E ratio for Occidental Petroleum (OXY)

P/E ratio as of June 2024 (TTM): 9.76

According to Occidental Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.75625. 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
20224.71-73.65%
202117.9-1866.76%
2020-1.01-97.79%
2019-45.8-502.09%
201811.4-73.56%
201743.1-145.96%
2016-93.71323.32%
2015-6.58-106.46%
2014102718.39%
201312.4-3.85%
201212.919.83%
201110.8-35.98%
201016.9-22.28%
200921.7216.16%
20086.87-39.86%
200711.420.08%
20069.5163.01%
20055.83-40.74%
20049.84-2.46%
200310.1-2.25%
200210.325.92%
20018.20

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
5.79-40.68%๐Ÿ‡บ๐Ÿ‡ธ USA
12.2 24.58%๐Ÿ‡บ๐Ÿ‡ธ USA
9.00-7.72%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2 4.82%๐Ÿ‡บ๐Ÿ‡ธ USA
19.0 94.89%๐Ÿ‡บ๐Ÿ‡ธ USA
11.1 13.74%๐Ÿ‡บ๐Ÿ‡ธ USA
11.6 18.75%๐Ÿ‡บ๐Ÿ‡ธ USA
6.27-35.78%๐Ÿ‡บ๐Ÿ‡ธ USA
28.3 190.38%๐Ÿ‡บ๐Ÿ‡ธ USA
1.35-86.15%๐Ÿ‡บ๐Ÿ‡ธ 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.