Diamondback Energy vs Occidental Petroleum
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The short version
- Occidental Petroleum is the larger business, with $21.6B of revenue in fiscal 2025 against $15.0B for Diamondback Energy.
- Diamondback Energy grew revenue faster (35.8%, against −1.9%).
- Occidental Petroleum earned a higher return on the capital invested in it (4.9%, against 1.9%).
- Investors pay more for each dollar of Diamondback Energy’s earnings: a P/E of 39.1x against 9.9x for Occidental Petroleum.
| Latest fiscal year | FANG · FY25 | OXY · FY25 |
|---|---|---|
| Size | ||
| Market cap | $57.9B | $65.0B |
| Revenue | $15.0B | $21.6B |
| Free cash flow | — | $4.1B |
| Net income | $1.7B | $2.4B |
| Growth | ||
| Revenue growth | 35.8% | −1.9% |
| 5-year growth | 39.8% | 3.9% |
| Share count change | 35.4% | 3.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 8.4% | — |
| Net margin | 11.1% | 11.0% |
| FCF margin | — | 19.0% |
| Return on capital | 1.9% | 4.9% |
| Return on equity | 4.5% | 6.7% |
| Balance sheet | ||
| Net debt | $14.4B | $20.4B |
| Net debt / EBITDA | 2.3x | 1.7x |
| Dividends and buybacks | $1.2B | $1.6B |
| Valuation & quality | ||
| P/E | 39.1x | 9.9x |
| Piotroski F-score | 4 | 4 |
Revenue
FY16
FANG $527M
OXY $10.1B
FY17
FANG $1.2B
OXY $12.5B
FY18
FANG $2.2B
OXY $17.8B
FY19
FANG $4.0B
OXY $20.9B
FY20
FANG $2.8B
OXY $17.8B
FY21
FANG $6.8B
OXY $26.0B
FY22
FANG $9.6B
OXY $36.6B
FY23
FANG $8.4B
OXY $23.2B
FY24
FANG $11.1B
OXY $22.0B
FY25
FANG $15.0B
OXY $21.6B
FANG
OXY
Operating margin
FY16
FANG −13.0%
OXY —
FY17
FANG 50.2%
OXY —
FY18
FANG 46.5%
OXY —
FY19
FANG 17.5%
OXY —
FY20
FANG −194.7%
OXY —
FY21
FANG 58.9%
OXY —
FY22
FANG 67.5%
OXY —
FY23
FANG 54.3%
OXY —
FY24
FANG 39.7%
OXY —
FY25
FANG 8.4%
OXY —
FANG
OXY
Free cash flow
FY16
FANG —
OXY $667M
FY17
FANG —
OXY $1.3B
FY18
FANG —
OXY $2.7B
FY19
FANG —
OXY $1.0B
FY20
FANG —
OXY $1.4B
FY21
FANG —
OXY $7.6B
FY22
FANG —
OXY $12.3B
FY23
FANG —
OXY $6.6B
FY24
FANG —
OXY $5.2B
FY25
FANG —
OXY $4.1B
FANG
OXY
Return on capital
FY16
FANG −1.8%
OXY —
FY17
FANG 11.6%
OXY —
FY18
FANG 6.8%
OXY 15.4%
FY19
FANG 3.1%
OXY 1.4%
FY20
FANG −24.3%
OXY −18.4%
FY21
FANG 18.0%
OXY 8.0%
FY22
FANG 25.2%
OXY 29.7%
FY23
FANG 15.9%
OXY 8.2%
FY24
FANG 9.5%
OXY 6.9%
FY25
FANG 1.9%
OXY 4.9%
FANG
OXY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.