Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

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Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Occidental Petroleum Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock, at $1.00 per share par value (per books)
Add: Noncontrolling interest (per books)
Total equity
Add: Current maturities of long-term debt (per books)
Add: Long-term debt, net, excluding current maturities (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Occidental Petroleum Corp., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, at $1.00 per share par value (book value)
Add: Noncontrolling interest (book value)
Total equity
Add: Current maturities of long-term debt (book value)
Add: Long-term debt, net, excluding current maturities (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Occidental Petroleum Corp. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Common equity (market value)
The market value of common equity demonstrated a clear upward trend from 2020 to 2022, increasing from $24,789 million to $53,068 million. However, this was followed by a decline in the subsequent two years, falling to $50,395 million in 2023 and further to $45,836 million in 2024. This pattern indicates a peak in market valuation in 2022, with a moderate contraction thereafter.
Total equity
Total equity showed consistent growth from 2020 through 2022, rising from $34,551 million to $62,830 million. Similar to common equity, total equity decreased in 2023 and 2024, reaching $58,781 million and $54,444 million respectively. This suggests a strengthening of the company's equity base until 2022, followed by a reduction which may reflect changes in retained earnings, other comprehensive income, or share repurchases.
Total equity and debt
The sum of total equity and debt increased steadily from 2020 to 2022, growing from $70,736 million to $82,665 million. This was followed by a decrease in 2023 to $78,519 million, and a slight increase in 2024 to $80,560 million. The fluctuations post-2022 imply adjustments in debt levels or equity that impacted the overall capital structure.
Enterprise value (EV)
Enterprise value rose consistently from 2020 up to 2022, from $68,728 million to $81,681 million, mirroring the growth in equity and total capitalization. A decline occurred in 2023 to $77,093 million, with a minor rebound in 2024 to $78,428 million. This reflects changes in market capitalization and debt, suggesting a slight reduction in perceived company value or changes in financial leverage after 2022.