Last $98.11 USD
Change Today -1.22 / -1.23%
Volume 4.2M
OXY On Other Exchanges
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As of 4:15 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

occidental petroleum corp (OXY) Snapshot

Open
$99.76
Previous Close
$99.33
Day High
$100.31
Day Low
$98.08
52 Week High
06/23/14 - $105.64
52 Week Low
08/21/13 - $84.91
Market Cap
77.1B
Average Volume 10 Days
2.6M
EPS TTM
$7.14
Shares Outstanding
785.6M
EX-Date
09/8/14
P/E TM
13.8x
Dividend
$2.88
Dividend Yield
2.77%
Current Stock Chart for OCCIDENTAL PETROLEUM CORP (OXY)

occidental petroleum corp (OXY) Details

Occidental Petroleum Corporation is engaged in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its domestic oil and gas operations are located in California, Colorado, Kansas, New Mexico, North Dakota, Oklahoma, and Texas; and international oil and gas operations are located in Bahrain, Bolivia, Colombia, Iraq, Libya, Oman, Qatar, the United Arab Emirates, and Yemen. As of December 31, 2013, this segment had proved reserves of approximately 3,483 million barrels of oil equivalent. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, chlorinated isocyanurates, sodium silicates, calcium chloride, and ethylene dichloride products; vinyls comprising vinyl chloride monomer and polyvinyl chloride; and other chemicals, such as resorcinol. The Midstream, Marketing and Other segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity, as well as oil, NGLs, gas, and other commodities. The company was founded in 1920 and is headquartered in Los Angeles, California.

12,900 Employees
Last Reported Date: 03/3/14
Founded in 1920

occidental petroleum corp (OXY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Executive Vice President of Operations
Total Annual Compensation: $1.4M
Vice President and President of Oxy Oil & Gas...
Total Annual Compensation: $875.0K
Vice President and President of Oxy USA Inc.
Total Annual Compensation: $810.0K
Corporate Executive Vice President
Total Annual Compensation: $826.0K
Compensation as of Fiscal Year 2013.

occidental petroleum corp (OXY) Key Developments

Occidental Petroleum Announces Management Changes

Occidental Petroleum Corporation has appointed WCW Chiang as executive vice president of operations, Vicki Hollub as president of Occidental Oil and Gas - Americas, and Edward Lowe as president of Occidental Oil and Gas- International. Effective immediately, the executives will head key operations as direct reports to Stephen I. Chazen, President and CEO of Occidental Petroleum. Mr. Chiang joined Occidental from ConocoPhillips in 2012 as Executive vice president, Operations, bringing more than 30 years of industry experience. He will continue to oversee the Midstream businesses, Worldwide Engineering, Corporate Reserves and the capital allocation process, adding Supply Chain to his purview. In addition, Mr. Chiang will assume responsibility for Occidental's Chemical operations (OxyChem) and Government Affairs. Ms. Hollub has been Executive vice president of US Operations, Occidental Oil and Gas, with responsibility for domestic production, asset growth and drilling. In her new role she will also oversee the Latin America operations as well as Worldwide Exploration.

Occidental Petroleum Corporation Announces Executive Changes

Occidental Petroleum Corporation announcing the leadership team for its subsidiary California Resources Corporation and new executive management responsibilities at OPC. In that connection, effective July 10, 2014, Christopher G. Stavros, 51, was appointed Executive Vice President and Chief Financial Officer of OPC replacing Cynthia Walker, and Ms. Walker was appointed Executive Vice President, Strategy and Development of OPC. Mr. Stavros has overseen Investor Relations at Occidental since 2006 and became Vice President, Investor Relations and Treasurer, in 2012. Marshall D. (Mark) Smith was named as Senior Executive Vice President and Chief Financial Officer of CRC. Also effective July 10, 2014, Jennifer Kirk, 39, was appointed Vice President and Controller of OPC, replacing Roy Pineci as principal accounting officer, and Mr. Pineci was appointed Principal Accounting Officer of CRC. Ms. Kirk served as Controller, Occidental Oil and Gas since 2012 and as Finance Director from 2008 to 2012.

Occidental Petroleum Announces New Executive Management Responsibilities

Occidental Petroleum Corporation announced new executive management responsibilities following the recent appointment of leadership for the company's California Resources Corporation (CRC) subsidiary. Effective immediately, the following executives will head key operations as direct reports to Stephen I. Chazen, President and Chief Executive Officer of Occidental Petroleum: WCW (Willie) Chiang -- Executive Vice President -- Operations; Vicki A. Hollub -- President, Occidental Oil and Gas -- Americas; Edward A. (Sandy) Lowe -- President, Occidental Oil and Gas -- International. Staff functional leaders also reporting to Mr. Chazen include the following executives: Marcia Backus will continue as Vice President and General Counsel and assume the roles of Corporate Secretary and Chief Compliance Officer. Before joining Occidental in 2013, Ms. Backus was a partner at Vinson & Elkins, heading the law firm's Energy Transactions/Projects Practice Group and serving in key leadership positions. Chris Stavros is appointed Executive Vice President and Chief Financial Officer (CFO). As CFO, Mr. Stavros will lead the Controller, Treasury and Tax functions as well as Investor Relations and Communications and Public Affairs. He has overseen Investor Relations at Occidental since 2006 and became Vice President, Investor Relations and Treasurer, in 2012. Glenn Vangolen is appointed Executive Vice President, Business Support, with responsibility for the Human Resources, Information Technology and Health, Environment and Safety functions. Mr. Vangolen's career at Occidental spans 30 years, during which he has held leadership positions in the U.S., Latin America and Middle East -- most recently Senior Vice President -- Middle East, since 2010. Cynthia Walker is appointed Executive Vice President, Strategy and Development, adding Business Development and Land activities to her current responsibility for Financial Planning and Analysis. Prior to joining Occidental in 2012 as Executive Vice President and Chief Financial Officer, Ms. Walker was with Goldman, Sachs & Co. for 12 years where she served as Managing Director. New corporate Vice Presidents have also been appointed: Ioannis A. Charalambous, Vice President and Chief Information Officer (CIO); Ben Figlock, Vice President and Treasurer; and Jennifer Kirk, Vice President and Controller.

 

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Industry Analysis

OXY

Industry Average

Valuation OXY Industry Range
Price/Earnings 13.4x
Price/Sales 3.2x
Price/Book 1.8x
Price/Cash Flow 6.6x
TEV/Sales 2.8x
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