Occidental Petroleum Corporation

Energy
$60.26
-0.34(0.56%) 1D
1D
1W
1M
1Y
3Y
5Y

Performance

Open PricePrev. CloseVolumeAvg. Volume
$60.50$60.607,838,1739,814,967

Fundamentals

Market Cap$52.99B
P/B Ratio1.8
P/E Ratio14
Enterprise Value$72.48B
Div. Yield1.45%
Book Value33.30
EPS(TTM)5.00
ROE15.10%
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About the Company

Occidental Petroleum Corp was founded in California in 1920. In 1961, this company discovered Lathrop Gas Field in Lathrop California. At this time, the CEO of Occidental Petroleum Corp was Armand Hammer, who bought the company to act as a tax shelter. But the discovery of this oil field and another one in Stockton in Northern California changed Occidental. From the 1960s to the 1980s, this company diversified into coal mining, manufacturing of chemicals, plastics, fertilizers, and processing and distribution of meat. In 1967 the company won a contract to extract oil in Libya which turned the company into an international oil production company. In 1973, the company expanded into the North Sea region. Occidental Petroleum Corp has two subsidiaries OxyChem which manufactures life-enhancing products and Oxy Low Carbon Ventures, a leader in technologies and business solutions that help the business grow but focuses on reducing emissions. This company works in hydrocarbon exploration and manufacture of petrochemicals. According to Fortune 500, this company is ranked at 167th, and in Forbes Global 2020 it was ranked as the 669th largest public company worldwide. It is the 9th largest producer of petroleum in Texas. This company has won various awards multiple times. Some of them include the Forbes Most Admired Company in the Mining, Crude-Oil and Production category (2020). Occidental Petroleum has won the award 11 times. It was also named Fortune Blue Ribbon Company for appearing in four annual rankings of 2018, including the category of World’s Most Admired Companies. OxyChem, which is a subsidiary of Occidental, won the American Chemistry Council’s top safety award and the Responsible Care Company of the Year award in 2015. Thomas Reuters awarded this company with a Top 100 Global Energy Leader and Houston Chronicle ranked it 10th among the largest publicly traded companies in the Houston area. In 1968, this company acquired Hooker Chemical Company, and in 1981 it took over IBP Inc one of the largest producers of pork and beef. In 1988 it bought Cain Chemical and paid 3 billion USD to acquire Elk Hills Oil Field. In October 2005 it acquired Vintage Petroleum for 3.8 billion USD. Occidental took over Phibro (2009) and Anadarko Petroleum in 2019. Occidental Petroleum shares trade on the NYSE under the ticker symbol “OXY.” This company is located in Houston, Texas.;
OrganisationOccidental Petroleum Corporation
IndustryOil & Gas E&P
HeadQuartersHouston, TX

Company Financials

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