The PE ratio for Occidental Petroleum stock stands at 15.33 as of Jul 26, 2024. This is calculated based on the TTM EPS of $3.95 and the stock price of $60.54 per share. An increase of 16% has been observed in the PE ratio compared to its average of 13.2 of the past four quarters.
Over the last ten years, the average PE ratio of Occidental Petroleum has been 41.38. The current 15.33 price-to-earnings ratio is 63% less than the historical average. Analyzing the last ten years, OXY's PE ratio reached its highest point in the Jun 2017 quarter at 427.64, with a price of $59.87 and an EPS of $0.14. The Dec 2022 quarter saw the lowest point at 4.7, with a price of $62.99 and an EPS of $13.41.
Maximum annual increase: 686.74% in 2014
Maximum annual decrease: -73.74% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.15 | 201.06% |
| 2022 | 4.7 | -73.74% |
| 2021 | 17.9 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | 11.37 | -73.61% |
| 2017 | 43.08 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 102.04 | 686.74% |
The current PE ratio of OXY is above its 3 and 5-year averages, but it is under its 10-year average.
When compared to its peers WMB and HES, OXY's PE ratio is lower, but it is higher than XOM's and CVX's. Occidental Petroleum's PE ratio is trading above the peer average of 12.88.
| Stock name | PE ratio | Market cap |
|---|---|---|
| APA Apache Corp | 3.49 | $11.58B |
| DVN Devon Energy Corp | 8.79 | $29.29B |
| EOG Eog Resources Inc | 10 | $73.07B |
| MRO Marathon Oil Corp | 11.52 | $15.72B |
| COP Conocophillips | 12.53 | $129.65B |
| XOM Exxon Mobil Corp | 14.38 | $462.63B |
| CVX Chevron Corp | 14.45 | $291.53B |
| OXY Occidental Petroleum Corp | 15.33 | $53.68B |
| WMB Williams Companies Inc | 17.87 | $51.82B |
| HES Hess Corp | 22.9 | $46.29B |
| SWN Southwestern Energy Co | N/A | $7.2B |
OXY's price to earnings ratio is 15.33 as of Jul 26, 2024.
As an average over the last 3 years, OXY stock has a PE ratio of 10.03.
As an average over the last 5 years, OXY stock has a PE ratio of 11.74.
Over the last ten years, the Jun 2017 quarter recorded the highest quarterly PE ratio at 427.64.
The current PE ratio of OXY is 63% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 26, 2024), Occidental Petroleum's share price is $60.54. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.95. Therefore, Occidental Petroleum's price to earnings ratio for today is 15.33. PE RATIO(15.33) = STOCK PRICE($60.54) / TTM EPS($3.95)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.