Occidental Petroleum
OXY
#270
Rank
$58.03 B
Marketcap
$65.60
Share price
3.88%
Change (1 day)
12.08%
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 September 2023 (TTM): 10.3

According to Occidental Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.25. At the end of 2021 the company had a P/E ratio of 17.9.

P/E ratio history for Occidental Petroleum from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
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
201312.4-3.85%
201212.9

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.06-11.65%๐Ÿ‡บ๐Ÿ‡ธ USA
11.8 15.58%๐Ÿ‡บ๐Ÿ‡ธ USA
8.69-15.23%๐Ÿ‡บ๐Ÿ‡ธ USA
8.58-16.32%๐Ÿ‡บ๐Ÿ‡ธ USA
15.6 52.61%๐Ÿ‡บ๐Ÿ‡ธ USA
9.62-6.19%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8 5.28%๐Ÿ‡บ๐Ÿ‡ธ USA
6.65-35.08%๐Ÿ‡บ๐Ÿ‡ธ USA
30.2 194.90%๐Ÿ‡บ๐Ÿ‡ธ USA
1.27-87.58%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.