Occidental Petroleum Corporation (OXY) Debt to Equity Ratio: 0.66
Is Occidental Petroleum Corporation’s debt to equity ratio high or low?
Occidental Petroleum Corporation's debt to equity ratio of 0.66 is 37% below its 5-year average of 1.05, near the low end of its 5-year range (0.66–2.01).
The debt to equity ratio for Occidental Petroleum Corporation (OXY) is 0.66 as of Tuesday, June 9, 2026. It is below its 12-month average by 8.97% (0.73).
OXY Debt to Equity Ratio Chart
OXY Average Debt to Equity Ratio Chart
OXY Current vs Average Debt to Equity Ratio Chart
OXY Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.66
DEBT TO EQUITY RATIO AVG TTM
0.73
DEBT TO EQUITY RATIO AVG 3Y
0.71
DEBT TO EQUITY RATIO AVG 5Y
1.05
DEBT TO EQUITY RATIO AVG 10Y
0.84
DEBT TO EQUITY RATIO AVG 15Y
0.63
DEBT TO EQUITY RATIO AVG 20Y
0.51
CURRENT VS TTM AVG
-8.97%
CURRENT VS 3Y AVG
-6.71%
CURRENT VS 5Y AVG
-37.44%
CURRENT VS 10Y AVG
-21.60%
CURRENT VS 15Y AVG
+4.24%
CURRENT VS 20Y AVG
+29.05%
OXY Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Occidental Petroleum Corporation (OXY) | — | 0.66 | 0.73 | 0.71 | 1.05 |
| Phillips 66 (PSX) | $71.77B | 0.79 | 0.76 | 0.68 | 0.72 |
| EOG Resources, Inc. (EOG) | $73.15B | 0.28 | 0.23 | 0.21 | 0.24 |
| Valero Energy Corporation (VLO) | $75.36B | 0.49 | 0.48 | 0.49 | 0.61 |
| Marathon Petroleum Corporation (MPC) | $75.36B | 1.98 | 1.80 | 1.44 | 1.38 |
| SLB N.V. (SLB) | $83.50B | 0.47 | 0.52 | 0.58 | 0.78 |
| Antero Midstream Corporation (AM) | $10.10B | 1.63 | 1.55 | 1.53 | 1.46 |
| Helmerich & Payne, Inc. (HP) | $3.79B | 0.85 | 0.74 | 0.48 | 0.41 |
| ConocoPhillips (COP) | $142.28B | 0.36 | 0.38 | 0.38 | 0.41 |
| Chevron Corporation (CVX) | $371.97B | 0.25 | 0.21 | 0.17 | 0.21 |
Financial Health
Debt/Equity
0.66
Current Ratio
0.94
Occidental Petroleum Corporation Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Occidental Petroleum Corporation Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The debt to equity ratio for OXY stock is 0.66.
- Is Occidental Petroleum Corporation's debt to equity ratio high or low?
- Occidental Petroleum Corporation's debt to equity ratio of 0.66 is 37% below its 5-year average of 1.05, near the low end of its 5-year range (0.66–2.01).
- What is the TTM average debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The TTM average debt to equity ratio for OXY stock is 0.73.
- What is the 3Y average debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The 3Y average debt to equity ratio for OXY stock is 0.71.
- What is the 5Y average debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The 5Y average debt to equity ratio for OXY stock is 1.05.
- What is the 10Y average debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The 10Y average debt to equity ratio for OXY stock is 0.84.
- What is the 15Y average debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The 15Y average debt to equity ratio for OXY stock is 0.63.
- What is the 20Y average debt to equity ratio for Occidental Petroleum Corporation (OXY)?
- The 20Y average debt to equity ratio for OXY stock is 0.51.
Occidental Petroleum Corporation Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.66 |
| 2024-12-31 | 0.79 |
| 2023-12-31 | 0.69 |
| 2022-12-31 | 0.69 |
| 2021-12-31 | 1.49 |
| 2020-12-31 | 2.01 |
| 2019-12-31 | 1.17 |
| 2018-12-31 | 0.48 |
| 2017-12-31 | 0.48 |
| 2016-12-31 | 0.46 |
| 2015-12-31 | 0.34 |
| 2014-12-31 | 0.20 |
| 2013-12-31 | 0.16 |
| 2012-12-31 | 0.19 |
| 2011-12-31 | 0.16 |
| 2010-12-31 | 0.16 |
| 2009-12-31 | 0.10 |
| 2008-12-31 | 0.10 |
| 2007-12-31 | 0.08 |
| 2006-12-31 | 0.14 |
| 2005-12-31 | 0.19 |
| 2004-12-31 | 0.36 |
| 2003-12-31 | 0.51 |
| 2002-12-31 | 0.67 |
| 2001-12-31 | 0.73 |
| 2000-12-31 | 1.14 |
| 1999-12-31 | 1.25 |
| 1998-12-31 | 2.02 |
| 1997-12-31 | 1.16 |
| 1996-12-31 | 0.89 |
Related Metrics
About Occidental Petroleum Corporation
Occidental Petroleum Corporation, along with its various subsidiaries, primarily focuses on the discovery, acquisition, and development of oil and natural gas resources. These operations extend across the United States, the Middle East, Africa, and Latin America. The company's business is organized into three distinct divisions: Oil and Gas, Chemical, and Midstream and Marketing. Within the Oil and Gas division, the company is responsible for exploring, developing, and extracting crude oil, condensate, natural gas liquids (NGLs), and conventional natural gas. The Chemical segment manufactures and commercializes a range of fundamental chemicals, including chlorine, caustic soda, chlorinated organic compounds, potassium-based chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride. This segment also produces vinyl products such as vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing division manages the collection, processing, transportation, storage, procurement, and distribution of diverse energy commodities, specifically oil, condensate, NGLs, natural gas, carbon dioxide, and electrical power. Furthermore, this segment actively trades utilizing its existing transportation and storage assets and strategically invests in other entities. Occidental Petroleum Corporation was established in 1920 and maintains its principal offices in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Vicki A. Hollub