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EQNR vs. OXY: Equinor vs. Occidental Petroleum Stock Comparison

How do Equinor (EQNR) and Occidental Petroleum (OXY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Occidental Petroleum (OXY) are both classified in the Integrated Oil & Gas sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Occidental Petroleum (OXY) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Occidental Petroleum (OXY)
Profile ItemEQNROXY
NameEquinor ASA Sponsored ADROccidental Petroleum Corp.
Country/RegionNorwayUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasIntegrated Oil & Gas
Market Capitalization99.39 billion USD56.36 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001December 31, 1981
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
OXY
GSPC
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Equinor (EQNR) vs. Occidental Petroleum (OXY), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Occidental Petroleum (OXY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Occidental Petroleum (OXY). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
Total Return (1Y)78.03%38.05%
Total Return (3Y, Annualized)17.56%-0.84%
Total Return (5Y, Annualized)17.66%12.24%

Risk Profile

Drawdown History

EQNR
OXY
GSPC
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Equinor (EQNR) vs. Occidental Petroleum (OXY), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Occidental Petroleum (OXY). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
Volatility (1Y, Annualized)40.50%35.52%
Beta (5Y)0.180.19
Max Drawdown (5Y)-34.57%-50.77%
Avg. Volume (3M)3.77M8.51M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and OXY are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
Sharpe Ratio (1Y)1.820.95
Sortino Ratio (1Y)2.761.42

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Occidental Petroleum (OXY) at 10.63% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

OXY

Energy industry group

10.63%

Max
53.85%
Q3
24.79%
Median
12.85%
OXY
10.63%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Occidental Petroleum (OXY) at 30.32% retains a top-quartile share of revenue as profit, ahead of Equinor (EQNR) at 9.79%, which keeps about the industry-typical share.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

OXY

Energy industry group

30.32%

Max
56.92%
OXY
30.32%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Equinor (EQNR) at 37.00% and Occidental Petroleum (OXY) at 45.44% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

OXY

Energy industry group

45.44%

Max
71.31%
OXY
45.44%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
ROE (TTM)27.57%10.63%
ROA (TTM)17.10%4.68%
Net Margin (TTM)9.79%30.32%
Operating Margin (TTM)37.00%45.44%
Gross Margin (TTM)43.18%73.32%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Occidental Petroleum (OXY) at -1.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinor (EQNR) at -37.62% and Occidental Petroleum (OXY) at -34.02% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
Revenue Growth (YoY)3.24%-1.93%
Revenue Growth (3Y CAGR)-10.78%-16.16%
EPS Growth (YoY)-37.62%-34.02%
EPS Growth (3Y CAGR)-40.11%-49.36%

Financial Strength

Current Ratio (MRQ)

Both Equinor (EQNR) at 1.18 and Occidental Petroleum (OXY) at 1.41 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

OXY

Energy industry group

1.41

Max
3.64
Q3
2.21
OXY
1.41
Median
1.41
Q1
0.88
Min
0.24
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Equinor (EQNR) at 0.66 and Occidental Petroleum (OXY) at 0.35 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

OXY

Energy industry group

0.35

Max
1.75
Q3
0.93
Median
0.54
OXY
0.35
Q1
0.30
Min
0.00
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
Current Ratio (MRQ)1.181.41
Debt / Equity (MRQ)0.660.35
Net Debt / EBITDA0.120.76

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Occidental Petroleum (OXY) at 1.77% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

OXY

Energy industry group

1.77%

Max
8.57%
Q3
3.58%
OXY
1.77%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and Occidental Petroleum (OXY) at 28.41% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

OXY

Energy industry group

28.41%

Max
133.24%
Q3
53.31%
OXY
28.41%
Median
25.24%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
Dividend Yield (TTM)3.67%1.77%
Dividend Payout Ratio (TTM)31.54%28.41%

Valuation

P/E Ratio (TTM)

Both Equinor (EQNR) at 8.71 and Occidental Petroleum (OXY) at 16.02 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

OXY

Energy industry group

16.02

Max
39.54
Q3
21.72
OXY
16.02
Median
12.19
Q1
7.71
Min
2.99
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Occidental Petroleum (OXY) at 2.36 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

OXY

Energy industry group

2.36

Max
5.40
Q3
2.85
OXY
2.36
Median
1.69
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Occidental Petroleum (OXY) at 1.68 sits near its industry’s typical P/B ratio, while Equinor (EQNR) at 4.44 prices above its benchmark range — EQNR looks rich relative to book.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

OXY

Energy industry group

1.68

Max
4.21
Q3
2.38
OXY
1.68
Median
1.51
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Occidental Petroleum (OXY): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Occidental Petroleum (OXY)
MetricEQNROXY
P/E Ratio (TTM)8.7116.02
P/S Ratio (TTM)0.822.36
P/B Ratio (MRQ)4.441.68
Free Cash Flow Yield (TTM)32.55%6.72%