Global bond report - Occidental Petroleum

USA

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%.

SECTION 1

ISSUE DETAILS

CUSIP: 674599BT1

1.1 Maturity & Coupon details

IssuerOccidental Petroleum
Maturity DateFebruary 15, 2029
Amount Outstanding$US116 million
CallableYes
Coupon8.45%
Coupon TypeFixed
Pay FrequencyHalf-yearly
Dated DateFebruary 10, 1999
First Coupon DateAugust 15, 1999
Interest Accrual DateFebruary 10, 1999

1.2 Price change % & YTM

1-day3-months
Price Change %2.11.1
YTM change Basis Points-26
Spread to Treasuries %1.54

SECTION 2

RELATIVE VALUATION INDICATORS [RVI] TECHNICALS

2.1 Rank in Market

DescriptionValueRank In Market
Price Change %2.1In 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%

SECTION 3

KEY STATISTICS OF OTHER OCCIDENTAL PETROLEUM BONDS

For Company searches and sorting by bonds and variables, an interactive version of current day's Table is available here: click here

3.1 Time [Yrs Mo Days] and Yield to Maturity as on Oct 05, 2017

CUSIPMaturityYld %Treasury %Spread %YTM Chng 3 Mo (bps)
674599BM610 yrs 5 mo 26 d3.732.361.37
674599CE35 yrs 4 mo 9 d2.511.960.55-20
674599BY03 yrs 3 mo 26 d2.191.640.5512

3.2 Maturity and YTM

MaturityYield to maturity %Yrs to Maturity
Feb 20181.710.36
Aug 20192.241.82
Feb 20212.193.32
Feb 20222.254.36
Jan to Feb 20232.515.27 to 5.36
Apr 20283.7310.49
Feb 20293.911.36

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), 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]

DescriptionValueRank
MCap (US$)48.8B113
Total Assets (US$)43.1B133
Revenue (US$)12.3B190
Net Profit (US$)111M436
Return on Equity %(4.7)433
Net Profit Margin %(9.6)456
Price to Book2.386
Yield %6.05
PV$1000 (1Year) US$910421
% Change YTD-11.6433

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.

Source: www.BuySellSignals.com