Oxy P/E at the end of 2024 was 19. It was 26 last week before the chemical sale announcement. Average P/E for oil sector is ~14. This is what has held the stock price down - no investor wants to pay an exorbitant price for a stock with minimal yield.
The Oxychem sale immediately lowers earnings, which will make the P/E even worse. The market yesterday reacted exactly as expected.
4 replies (most recent on top)
If only we could bring back the days of Irani before unconventional oil.
'no investor wants to pay an exorbitant price for a stock with minimal yield?' No investor wants to be associated with a company like Oxy. Now, how long till one of the high IQ society asks 'What's wrong with Oxy? Best company ever....?!?
@jy I smell something. I think it’s egg rolls. Yum!
Just wait till 2026…that’s when things get interesting…can you smell it? Can you dig it?