Global bond report - Occidental Petroleum
Occidental Petroleum bond lifts 2.1% 06 October, 2017
NEWS BITES - BONDS
Occidental Petroleum Corp (OXY.GM) bond has lifted $US2.92 (or 2.1%) from its last trading session of October 02, 2017 to close at $US141.38. The bond matures in 11 years and 4 months; its yield to maturity has (YTM) decreased by 26.5 basis points from 4.17% to 3.901%.
1.1 Maturity & Coupon details
|Maturity Date||February 15, 2029|
|Amount Outstanding||$US116 million|
|Dated Date||February 10, 1999|
|First Coupon Date||August 15, 1999|
|Interest Accrual Date||February 10, 1999|
1.2 Price change % & YTM
|Price Change %||2.1||1.1|
|YTM change Basis Points||-26|
|Spread to Treasuries %||1.54|
RELATIVE VALUATION INDICATORS [RVI] TECHNICALS
2.1 Rank in Market
|Description||Value||Rank In Market|
|Price Change %||2.1||In Top 9%|
2.2 Present Value in USD for Occidental Petroleum (OXY.GM) 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%
KEY STATISTICS OF OTHER OCCIDENTAL PETROLEUM BONDS
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3.1 Time [Yrs Mo Days] and Yield to Maturity as on Oct 05, 2017
|CUSIP||Maturity||Yld %||Treasury %||Spread %||YTM Chng 3 Mo (bps)|
|674599BM6||10 yrs 5 mo 26 d||3.73||2.36||1.37|
|674599CE3||5 yrs 4 mo 9 d||2.51||1.96||0.55||-20|
|674599BY0||3 yrs 3 mo 26 d||2.19||1.64||0.55||12|
3.2 Maturity and YTM
|Maturity||Yield to maturity %||Yrs to Maturity|
|Jan to Feb 2023||2.51||5.27 to 5.36|
CREDIT RATING SUMMARY
|Rating Agency||Rating||Effective Date|
|Moody's||A3||February 25, 2016|
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.
6.1 Market Position
Occidental Petroleum Corporation (NYSE:OXY), NYSE's 2nd largest Exploration & Production company by market cap, sank $US8.36 (or 11.6%) year to date in 2017 to close at $US63.91. This means the stock has underperformed 84% of NYSE-listed stocks in 2017. Compared with the S&P 500 Index which has risen 13.9% YTD, this is a relative price change of -25.4%. The average daily volume of 4.2 million shares so far in 2017 was 0.9 times the average daily volume in 2016. In 2017 the market cap has declined $US5.6 billion.
6.2 Global Rank
Rank in the S&P 500 Index [out of 500 stocks]
|Total Assets (US$)||43.1B||133|
|Net Profit (US$)||111M||436|
|Return on Equity %||(4.7)||433|
|Net Profit Margin %||(9.6)||456|
|Price to Book||2.3||86|
|PV$1000 (1Year) US$||910||421|
|% Change YTD||-11.6||433|
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 177th largest company in the Platts Top 250 Global Energy Company Rankings.
It is the 214th largest by revenue in the FT Global 500.
It was ranked 228 in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2015; a deterioration over a year from rank 183 in 2014.
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.
6.4 Stock News and Analysis
Occidental Petroleum decreases
Its MCap is $US48.8 billion at the last price of $US63.91. Price/Sales of 3.96 compared to sector average of 1.8.