HALLIBURTON COMPANY vs OCCIDENTAL PETROLEUM CORPORATION, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Occidental earns 12.1% on equity producing oil and chemicals; Halliburton earns 14.2% providing completion services, a cycle where the service company edges the producer on capital return. Occidental nets 22.4% of revenue to Halliburton's 7%, production margins against service ones. Halliburton has no clean P/E (item-affected) but pays a 2% dividend and carries 0.66 turns of debt; Occidental trades at 12.6 times, pays 1.9%, and carries 0.39 turns of acquisition debt. Occidental yields 6.7% in free cash, Halliburton 5.85%. The pair prices a diversified producer against a fracking-services firm; Occidental owns the barrels and nets the fatter margin, Halliburton bills to complete the wells and edges it on return on equity, the market pricing both as cyclical oil-service plays.
Comparison updated 2026-07-11.
| Metric | HAL | OXY |
|---|---|---|
| Price | $34.18 | $49.98 |
| Market cap | $28.7B | $50.3B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +3.9% | — |
| P/E | — | 12.6 |
| P/B | 2.65 | 1.27 |
| P/S | 1.29 | 2.36 |
| EV/EBITDA | 9.2 | 8.2 |
| Revenue growth | -1.7% | +4.5% |
| Operating margin | 12.6% | — |
| Net margin | 7.0% | 22.4% |
| Return on equity | 14.2% | 12.1% |
| Return on assets | 6.1% | 5.9% |
| Return on invested capital | 11.4% | — |
| FCF yield | 5.8% | 6.7% |
| Dividend yield | 2.0% | 1.9% |
| Debt / equity | 0.66 | 0.39 |
| Current ratio | 2.08 | 1.21 |
| Altman Z (solvency) | 3.31 | 6.73 |
| Piotroski F (quality) | 6 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.