Global bond report - Occidental Petroleum

USA

Occidental Petroleum bond lifts 2.1% 10 January, 2018

NEWS BITES - BONDS

Occidental Petroleum Corp (OXY.GH) bond has lifted $US2.66 (or 2.1%) from its last trading session of December 26, 2017 to close at $US128.02. The yield to maturity is 3.856%.

SECTION 1

ISSUE DETAILS

CUSIP: 674599BM6

1.1 Maturity & Coupon details

IssuerOccidental Petroleum
Maturity DateApril 01, 2028
Amount Outstanding$US82 million
CallableYes
Coupon7.2%
Coupon TypeFixed
Pay FrequencyHalf-yearly
Dated DateApril 01, 1998
First Coupon DateOctober 01, 1998
Interest Accrual DateApril 01, 1998

1.2 Price change % & YTM

1-day1-week1-month3-months1-year
Price Change %2.11.20.6
YTM change Basis Points-282513-28
Spread to Treasuries %1.311.221.4

SECTION 2

RELATIVE VALUATION INDICATORS [RVI] TECHNICALS

2.1 Rank in Market

DescriptionValueRank In Market
Price Change %2.1In Top 9%
Relative Strength (6M)80In Top Quartile

2.2 Price Dynamics

+ The present value of $US1,000 (PV$1000) invested one year ago in Occidental Petroleum is $US1,006, for a capital gain of $US6. The total return to investors for 1 year is 0.6%.

PV$1000 1-month 1-year
OXY.GH.N $US1,012 $US1,006

2.3 Present Value in USD for Occidental Petroleum (OXY.GH) bond

+ The present value of USD1,000 (PV1000) invested five years ago is $US985, for a capital loss of $US15.

+ 5 years Multiplier in USD = 0.985x

+ Compound Annual Growth Rate (CAGR) in USD = -0.3%

SECTION 3

KEY STATISTICS OF OTHER OCCIDENTAL PETROLEUM BONDS

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3.1 Time [Yrs Mo Days] and Yield to Maturity as on Jan 09, 2018

Short-Term Bonds

Short-Term Occidental Petroleum corporate bond yields (CUSIP: 674599BY0), maturing in 3 years have increased from 2.17% to 2.36% in the past quarter. Over the same period, spread with treasury has decreased 0.26 basis points.

CUSIPMaturityYld %Treasury %Spread %YTM Chng 3 Mo (bps)
674599BY03 yrs 22 d2.362.090.2720
674599CD51 mo 5 d1.591.30.28-19

Medium-Term Bonds

Medium-Term Occidental Petroleum corporate bond yields (CUSIP: 674599CE3), maturing in 5 years 1 month have increased from 2.54% to 2.77% in the past quarter. Over the same period, spread with treasury has decreased 0.13 basis points.

CUSIPMaturityYld %Treasury %Spread %YTM Chng 3 Mo (bps)
674599CE35 yrs 1 mo 5 d2.772.330.4524

Long-Term Bonds

Long-Term Occidental Petroleum corporate bond yields (CUSIP: 674599BM6), maturing in 10 years 2 months have increased from 3.73% to 3.86% in the past quarter. Over the same period, spread with treasury has decreased 0.07 basis points.

CUSIPMaturityYld %Treasury %Spread %YTM Chng 3 Mo (bps)
674599BM610 yrs 2 mo 22 d3.862.561.313

3.2 Maturity and YTM

MaturityYield to maturity %Yrs to Maturity
Feb 20181.590.1
Aug 20192.61.56
Feb 20212.363.06
Feb 20222.554.1
Jan to Feb 20232.77 to 35.01 to 5.1
Apr 20283.8610.23

3.3 Occidental Petroleum Corporate Bonds Maturing in This Quarter

CUSIPDays to MatureLast PriceYield %YTM Chng 3 Mo (bps)
674599CD53799.932.20850

SECTION 4

CREDIT RATING SUMMARY

Rating AgencyRatingEffective Date
Moody'sA3February 25, 2016

SECTION 5

ACTIVITIES

Occidental Petroleum Corporation (Occidental) conducts its operations, through various oil and gas, chemical, midstream, marketing and other subsidiaries, and affiliates. The Company operates in three business segments: oil and gas segment, chemical segment, and midstream, marketing and other segment. The oil and gas segment explores for, develops, produces and markets crude oil, natural gas liquids (NGLs), condensate and natural gas. The chemical segment (OxyChem) manufactures and markets basic chemicals, vinyls and performance chemicals. The midstream, marketing and other segment (midstream and marketing) gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power. In February 2008, Occidental purchased from Plains a 50% interest in oil and gas properties in the Permian Basin and western Colorado.

SECTION 6

STOCK DETAILS

6.1 Market Position

Occidental Petroleum Corporation (NYSE:OXY), the NYSE's 2nd largest Exploration & Production company by market cap, increased $US4.90 (or 7.1%) in the trailing 12 months to January 10, 2018 to close at $US74.25. Compared with the S&P 500 Index which has risen 21.1% over the same period, this is a relative price change of -14.1%. Average daily volume in the trailing 12 months equalled average trading of 4.5 million shares in the previous year.

6.2 Global Rank

Rank in the S&P 500 Index [out of 492 stocks]

DescriptionValueRank
MCap (US$)56.8B101
Total Assets (US$)43.1B129
Revenue (US$)12.7B181
Net Profit (US$)542M313
Return on Equity %(4.7)421
Net Profit Margin %(9.6)441
Price to Book2.6100
Price Earnings64.2407
Yield %5.112
PV$1000 (1Year) US$1,122303
% Change YTD0.8335

6.3 Independent Ratings

Occidental Petroleum Corp was ranked 17 in IHS Energy's list of Top 50 Energy Companies 2013; unchanged over a year from the same rank 17 in 2012.

It was ranked 116 by total revenues in the Fortune 500 annual list for 2014; an improvement over a year from rank 125 in 2013.

It is the 203rd largest company in the Platts Top 250 Global Energy Company Rankings.

It is the 214th largest by revenue in the FT Global 500.

It is a new entrant in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2016, ranked 310.

It was ranked 367 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016.

It is the 488th largest by revenue in the Forbes Global 2000.

Source: www.BuySellSignals.com