Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Occidental Petroleum Corporation (OXY)

Company Dividend Discount ModelIndustry: Oil & Gas Exploration & ProductionSector: Energy

Valuation Snapshot

Stable Growth$22.15 - $35.32$28.13
Multi-Stage$29.90 - $32.66$31.25
Blended Fair Value$29.69
Current Price$47.25
Upside-37.16%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-11.24%-4.15%1.471.381.200.851.872.662.412.382.342.30
YoY Growth--5.93%15.29%41.12%-54.53%-29.69%10.53%1.19%1.60%1.99%2.44%
Dividend Yield--2.97%2.09%1.92%1.50%7.03%22.98%3.58%3.66%3.70%3.36%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,067.00
(-) Cash Dividends Paid (M)1,563.00
(=) Cash Retained (M)504.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)413.40258.38155.03
Cash Retained (M)504.00504.00504.00
(-) Cash Required (M)-413.40-258.38-155.03
(=) Excess Retained (M)90.60245.63348.98
(/) Shares Outstanding (M)986.13986.13986.13
(=) Excess Retained per Share0.090.250.35
LTM Dividend per Share1.581.581.58
(+) Excess Retained per Share0.090.250.35
(=) Adjusted Dividend1.681.831.94
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate1.40%2.40%3.40%
Fair Value$22.15$28.13$35.32
Upside / Downside-53.12%-40.46%-25.25%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,067.002,116.682,167.562,219.652,273.002,327.632,397.46
Payout Ratio75.62%78.49%81.37%84.25%87.12%90.00%92.50%
Projected Dividends (M)1,563.001,661.461,763.741,869.991,980.322,094.872,217.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate1.40%2.40%3.40%
Year 1 PV (M)1,508.281,523.151,538.03
Year 2 PV (M)1,453.521,482.331,511.42
Year 3 PV (M)1,399.001,440.801,483.42
Year 4 PV (M)1,344.951,398.801,454.24
Year 5 PV (M)1,291.581,356.541,424.08
PV of Terminal Value (M)22,488.2323,619.1724,795.15
Equity Value (M)29,485.5630,820.7832,206.34
Shares Outstanding (M)986.13986.13986.13
Fair Value$29.90$31.25$32.66
Upside / Downside-36.72%-33.85%-30.88%

High-Yield Dividend Screener

« Prev Page 6 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
FFord Motor Company5.53%$0.7463.45%
LCNBLCNB Corp.5.48%$0.8953.03%
PPBIPacific Premier Bancorp, Inc.5.48%$1.3492.42%
VGRVector Group Ltd.5.48%$0.8263.35%
DLXDeluxe Corporation5.43%$1.2166.43%
BAFNBayFirst Financial Corp.5.41%$0.4321.50%
IPGThe Interpublic Group of Companies, Inc.5.41%$1.3388.72%
PEBOPeoples Bancorp Inc.5.39%$1.6256.40%
OKEONEOK, Inc.5.38%$4.0075.29%
BUSEFirst Busey Corporation5.37%$1.2875.92%
OASOasis Petroleum Inc.5.37%$5.8765.40%
EIXEdison International5.36%$3.2639.45%
0R1X.LGeneral Mills, Inc.5.35%$2.4545.62%
FIBKFirst Interstate BancSystem, Inc.5.35%$1.8979.54%
FNCBFNCB Bancorp, Inc.5.33%$0.3651.41%
DHILDiamond Hill Investment Group, Inc.5.31%$9.0552.46%
SLRCSLR Investment Corp.5.31%$0.8249.67%
EPSNEpsilon Energy Ltd.5.30%$0.2491.92%
UVVUniversal Corporation5.28%$2.7862.64%
FLICThe First of Long Island Corporation5.27%$0.6386.64%
AUBAtlantic Union Bankshares Corporation5.22%$1.8576.04%
SAFESafehold Inc.5.20%$0.7145.17%
GAB-PGThe Gabelli Equity Trust Inc. PFD-G5.19%$1.0881.70%
HPQHP Inc.5.19%$1.1543.02%
SOISolaris Oilfield Infrastructure, Inc.5.18%$0.7025.64%
MBINOMerchants Bancorp5.17%$1.2924.09%
0JXQ.LMain Street Capital Corporation5.13%$3.1752.63%
EMNEastman Chemical Company5.12%$3.2954.36%
EMBCEmbecta Corp.5.10%$0.5936.96%
AMAntero Midstream Corporation5.09%$0.9193.18%
CZNCCitizens & Northern Corporation5.09%$1.0257.64%
FMNBFarmers National Banc Corp.5.09%$0.6846.83%
0J66.LHost Hotels & Resorts, Inc.5.08%$0.9084.69%
GLPIGaming and Leisure Properties, Inc.5.07%$2.2582.42%
PFISPeoples Financial Services Corp.5.07%$2.4446.22%
TBBAT&T Inc. 5.35% GLB NTS 665.07%$1.1436.88%
KFRCKforce Inc.5.02%$1.5768.10%
TTPTortoise Pipeline & Energy Fund, Inc.5.02%$2.3920.11%
STAR-PGiStar Inc.4.94%$1.2434.23%
PFSProvident Financial Services, Inc.4.93%$0.9761.13%
UBFOUnited Security Bancshares4.92%$0.4873.45%
DDTDillards Capital Trust I CAP SECS 7.5%4.90%$1.293.46%
SGUStar Group, L.P.4.89%$0.5836.90%
AGRAvangrid, Inc.4.88%$1.7660.70%
KMBKimberly-Clark Corporation4.88%$4.9583.80%
OCFCOceanFirst Financial Corp.4.86%$0.8761.98%
0I0J.LThe Clorox Company4.85%$4.8976.11%
FNLCThe First Bancorp, Inc.4.83%$1.2845.40%
RILYZB. Riley Financial, Inc. 5.25% Senior Notes due 20284.83%$0.5856.91%
BSETBassett Furniture Industries, Incorporated4.82%$0.8089.43%