Occidental Petroleum has three reporting segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide and power. The midstream and marketing segment also includes Co.'s low carbon ventures businesses, which primarily focus on developing carbon removal and carbon capture, utilization and storage projects. We show 54 historical shares outstanding datapoints in our OXY shares outstanding history coverage, used to compute OXY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OXY market cap history over the course of time is important for investors
interested in comparing OXY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OXY versus a peer is one thing; comparing
OXY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OXY can fluctuate over the course of history.
With this page we aim to empower investors researching OXY by allowing them to research the OXY market cap history. |
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Video: The Importance of Market Cap
