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Occidental PetroleumFRA:OPC -1.17%64 Debt-to-Equity is 0.35 as of Jun. 2026, which is 49% below its 10-year median of 0.69. GuruFocus rates FRA:OPC with a GF Score™ of 64/100 and a GF Value™ of €42.48 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 804 Oil & Gas companies, Occidental Petroleum ranks better than 58.33% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Occidental Petroleum's Debt-to-Equity or its related term are showing as below:
FRA:OPC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.69 Max: 2.02
Current: 0.35
During the past 13 years, the highest Debt-to-Equity Ratio of Occidental Petroleum was 2.02. The lowest was 0.35. And the median was 0.69.
FRA:OPC's Debt-to-Equity is ranked better than 58.33% of 804
companies
in the Oil & Gas industry
Industry Median: 0.46
vs FRA:OPC: 0.35
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Occidental Petroleum Debt-to-Equity Related Terms
Occidental Petroleum Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Occidental Petroleum's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:OPC vs FANG, DVN, EOG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Occidental Petroleum's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Occidental Petroleum Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Occidental Petroleum's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Occidental Petroleum's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Occidental Petroleum (FRA:OPC) has a Debt-to-Equity of 0.35 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Occidental Petroleum and its competitors. This is 49% below median its historical median of 0.69. Over the past decade, Occidental Petroleum's Debt-to-Equity has ranged from 0.35 to 2.02. According to the industry distribution chart, Occidental Petroleum ranks #335 out of 804 companies in the Oil & Gas industry, placing it in the top 41.7%.
Is Occidental Petroleum's Debt-to-Equity too high?
Occidental Petroleum's current Debt-to-Equity of 0.35 is 49% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 2.02. The Oil & Gas industry median Debt-to-Equity is 0.46. Occidental Petroleum's value of 0.35 is 23.9% below this industry median. Based on the distribution chart, Occidental Petroleum ranks #335 out of 804 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Occidental Petroleum has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Occidental Petroleum's Debt-to-Equity compare to FANG and DVN?
According to the Oil & Gas industry distribution chart, Occidental Petroleum ranks #335 out of 804 companies for Debt-to-Equity. This puts Occidental Petroleum in the upper half of its industry. The industry median Debt-to-Equity is 0.46. Occidental Petroleum's value of 0.35 is 23.9% below this benchmark. Historically, Occidental Petroleum's own Debt-to-Equity has ranged from 0.35 to 2.02 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.46, Occidental Petroleum has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 804 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Occidental Petroleum's current Debt-to-Equity of 0.35 is 23.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Occidental Petroleum and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Occidental Petroleum's current Debt-to-Equity is 0.35, which is 49% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Occidental Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Occidental Petroleum (FRA:OPC) is currently considered Modestly Overvalued. The stock's GF Value™ is €42.48, compared to a current price of €48.40 — trading 13.9% above its estimated fair value. The current Debt-to-Equity is 0.35, which is 49% below median its 10-year median of 0.69 and 23.9% below the Oil & Gas industry median of 0.46. Occidental Petroleum's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Occidental Petroleum (FRA:OPC), the current Debt-to-Equity is 0.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Occidental Petroleum (FRA:OPC) Overvalued in 2026?
Based on GuruFocus' analysis, Occidental Petroleum stock appears to be overvalued.
The current stock price of €48.40 is trading 13.9% above its estimated GF Value™ of €42.48.
GuruFocus considers Occidental Petroleum to be Modestly Overvalued.
Key valuation signals for FRA:OPC:
Debt-to-Equity: 0.35 (49% below median its 10-year median of 0.69)
GF Value™: €42.48 vs. price of €48.40 (13.9% above fair value)
Industry Position: 23.9% below the Oil & Gas median (#335 of 804)
No single metric tells the full story. See the FRA:OPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2025, the company reported net proved reserves of 4.6 billion barrels of oil equivalent. Net production averaged 1.4 million barrels of oil equivalent per day in 2025 at a ratio of roughly 74% oil and natural gas liquids and 26% natural gas.
64GF Score
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