OXYOCCIDENTAL PETROLEUM CORP /DE/

Crude Petroleum & Natural Gas

Revenue: $21.6B; 5.0% YoY
Operating margin: —
EBITDA: —
Market cap: $64.0B
Employees: —
Net debt / EBITDA: —; $20.7B net debt
AI in 10-K: 0.4; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
224% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
11% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AIYes
0.4 per 10K words · 17th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedNo
$64.0B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$445K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$26.0B	$36.2B	$23.2B	$22.7B	$21.6B	5.0%
Net income	$2.3B	$13.3B	$4.7B	—	—
Operating cash flow	$10.4B	$16.8B	$12.3B	$11.4B	$10.5B	7.9%
Capex	$2.9B	$4.5B	$5.7B	$6.3B	$6.4B	2.6%
Stock-based comp	$287M	$258M	$203M	$213M	$234M	9.9%
Buybacks	$8M	$3.1B	$1.8B	$27M	$0	100%
Dividends	$839M	$1.2B	—	—	—

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Mar 2, 2022	ICAHN CARL C	SC 13D/A	2.0%	Passive
Aug 6, 2021	ICAHN CARL C	SC 13D/A	6.9%	Passive
Apr 29, 2021	ICAHN CARL C	SC 13D/A	8.2%	Passive
Apr 7, 2021	ICAHN CARL C	SC 13D/A	9.6%	Passive
Apr 2, 2021	ICAHN CARL C	SC 13D/A	10.5%	Passive
Mar 12, 2021	ICAHN CARL C	SC 13D/A	14.1%	Passive
Oct 1, 2020	ICAHN CARL C	SC 13D/A	11.4%	Active
Aug 5, 2020	ICAHN CARL C	SC 13D/A	10.7%	Active
Mar 25, 2020	ICAHN CARL C	SC 13D/A	—	Active
Mar 12, 2020	ICAHN CARL C	SC 13D	2.0%	Active

Insider trading

Open-market buys, 12 mo: $445K · 2
Open-market sells, 12 mo: $0 · 0
Net: $445K

Pay vs performance

No pay-versus-performance disclosure yet.