Occidental Petroleum Corporation (OXY) Company Bio
Occidental Petroleum engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company was founded in 1920 and is based in Houston, Texas.
OXY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for OXY, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Occidental Petroleum Corp ranked in the 11th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for OXY, they are:
Its compound free cash flow growth rate, as measured over the past 5.52 years, is -0.11% -- higher than merely 16.34% of stocks in our DCF forecasting set.
26% of the company's capital comes from equity, which is greater than only 11.51% of stocks in our cash flow based forecasting set.
As a business, Occidental Petroleum Corp experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
GLNG, FTI, GEOS, PEIX, and PSX can be thought of as valuation peers to OXY, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Oil and gas producer Occidental Petroleum Corp is in talks to sell $4.5 billion worth of energy assets in Africa and the middle east to Indonesia's PT Pertamina [PERTM.UL] in a bid to ease its debt load, Bloomberg News reported on Wednesday.