OCCIDENTAL PETROLEUM CORPORATION vs SLB LIMITED/NV, two Oil & Gas stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither name is priced for growth, but the multiples diverge on model: Occidental at 12.6 times earnings as a producer exposed to oil price, SLB at 20.7 as a service firm leveraged to drilling activity. Occidental earns the marginally higher return on equity, 12.1% against 12.2% (a tie), and nets far more per revenue dollar, 22.4% against 9.3%, production economics against service ones. Occidental carries 0.39 turns of acquisition debt, SLB 0.35; both pay near-2% dividends. Occidental yields slightly more free cash, 6.7% against 6.6%. The pair prices a diversified producer against the premier service company; Occidental owns the barrels and nets the fatter margin, SLB sells the technology at a higher multiple, the market pricing SLB's leverage to a services recovery.
Comparison updated 2026-07-11.
| Metric | OXY | SLB |
|---|---|---|
| Price | $49.98 | $46.95 |
| Market cap | $50.3B | $71.1B |
| Sector | Oil & Gas | Oil & Gas |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +7.3% |
| P/E | 12.6 | 20.7 |
| P/B | 1.27 | 2.60 |
| P/S | 2.36 | 1.98 |
| EV/EBITDA | 8.2 | 29.0 |
| Revenue growth | +4.5% | -0.3% |
| Net margin | 22.4% | 9.3% |
| Return on equity | 12.1% | 12.2% |
| Return on assets | 5.9% | 6.1% |
| FCF yield | 6.7% | 6.6% |
| Dividend yield | 1.9% | 1.8% |
| Debt / equity | 0.39 | 0.35 |
| Current ratio | 1.21 | 1.34 |
| Altman Z (solvency) | 6.73 | 2.81 |
| Piotroski F (quality) | 7 / 9 | 5 / 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.