Occidental Petroleum (XSWX:OXY) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Occidental Petroleum Forward PE Ratio Related Terms
Occidental Petroleum Forward PE Ratio Historical Data
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The historical data trend for Occidental Petroleum's Forward PE Ratio 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.
Occidental Petroleum Forward PE Ratio Chart
Occidental Petroleum Annual Data
Trend
Forward PE Ratio
Occidental Petroleum Quarterly Data
2026-03
Forward PE Ratio
21.20
XSWX:OXY vs FANG, DVN, EQT: Forward PE Ratio Comparison
For the Oil & Gas E&P subindustry, Occidental Petroleum's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Occidental Petroleum's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Occidental Petroleum's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Occidental Petroleum (XSWX:OXY) has a Forward PE Ratio of 8.75 as of Jul. 06, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Occidental Petroleum and its competitors. According to the industry distribution chart, Occidental Petroleum ranks #212 out of 542 companies in the Oil & Gas industry, placing it in the top 39.1%.
Is Occidental Petroleum's Forward PE Ratio too high?
Occidental Petroleum's current Forward PE Ratio is 8.75. The Oil & Gas industry median Forward PE Ratio is 10.66. Occidental Petroleum's value of 8.75 is 17.9% below this industry median. Based on the distribution chart, Occidental Petroleum ranks #212 out of 542 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Occidental Petroleum has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Occidental Petroleum's Forward PE Ratio compare to FANG and DVN?
According to the Oil & Gas industry distribution chart, Occidental Petroleum ranks #212 out of 542 companies for Forward PE Ratio. This puts Occidental Petroleum in the upper half of its industry. The industry median Forward PE Ratio is 10.66. Occidental Petroleum's value of 8.75 is 17.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.66, based on 542 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Occidental Petroleum's current Forward PE Ratio of 8.75 is 17.9% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Occidental Petroleum and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Occidental Petroleum's current Forward PE Ratio is 8.75. 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 (XSWX:OXY) is currently considered Fairly Valued. The stock's GF Value™ is CHF37.47, compared to a current price of CHF38.96 — trading 4% above its estimated fair value. The current Forward PE Ratio is 8.75 and 17.9% below the Oil & Gas industry median of 10.66. Occidental Petroleum's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Occidental Petroleum (XSWX:OXY), the current Forward PE Ratio is 8.75 as of Jul. 06, 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 (XSWX:OXY) Overvalued in 2026?
Based on GuruFocus' analysis, Occidental Petroleum stock appears to be overvalued.
The current stock price of CHF38.96 is trading 4% above its estimated GF Value™ of CHF37.47.
GuruFocus considers Occidental Petroleum to be Fairly Valued.
Key valuation signals for XSWX:OXY:
Forward PE Ratio: 8.75
GF Value™: CHF37.47 vs. price of CHF38.96 (4% above fair value)
Industry Position: 17.9% below the Oil & Gas median (#212 of 542)
No single metric tells the full story. See the XSWX:OXY 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.
39GF Score
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