The PE ratio for Occidental Petroleum stock stands at 16.06 as of Apr 26, 2024. This is calculated based on the TTM EPS of $4.22 and the stock price of $67.78 per share. An increase of 50% has been observed in the PE ratio compared to its average of 10.7 of the past four quarters.
Over the last ten years, the average PE ratio of Occidental Petroleum has been 41.25. The current 16.06 price-to-earnings ratio is 61% 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 peer 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 10.71.
| Stock name | PE ratio | Market cap |
|---|---|---|
| APA Apache Corp | 3.51 | $9.81B |
| SWN Southwestern Energy Co | 5.47 | $8.49B |
| DVN Devon Energy Corp | 8.99 | $33.47B |
| EOG Eog Resources Inc | 10.38 | $78.71B |
| MRO Marathon Oil Corp | 10.85 | $16.03B |
| XOM Exxon Mobil Corp | 13.27 | $468.05B |
| COP Conocophillips | 14.34 | $153.22B |
| CVX Chevron Corp | 14.54 | $308.1B |
| WMB Williams Companies Inc | 15.04 | $47.77B |
| OXY Occidental Petroleum Corp | 16.06 | $59.61B |
| HES Hess Corp | 35.96 | $49.92B |
OXY's price to earnings ratio is 16.06 as of Apr 26, 2024.
As an average over the last 3 years, OXY stock has a PE ratio of 9.31.
As an average over the last 5 years, OXY stock has a PE ratio of 11.15.
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 61% 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 (Apr 26, 2024), Occidental Petroleum's share price is $67.78. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.22. Therefore, Occidental Petroleum's price to earnings ratio for today is 16.06. PE RATIO(16.06) = STOCK PRICE($67.78) / TTM EPS($4.22)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.