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The BusinessWeek 50 Ranking

6

Occidental Petroleum

BACK IN THE LATE 1990s, when oil prices were low, Occidental’s CEO placed two big bets, spending just over $7 billion to snap up aging oil fields in Texas and California. Today, with nearrecord prices for crude, those wells have turned Oxy into the world’s most profitable oil company. Last year the Los Angeles outfit managed an impressive $20-per-barrel profit, tops in the industry, according to Deutsche Bank Securities Inc. Lebanese-born Irani is still on the hunt. Last year he pounced on Tulsa’s Vintage Petroleum for $3.8 billion and built up the biggest acreage position in Libya, newly open to American companies after years of sanctions. That nation was the site of Oxy’s largest discoveries back in the day when industry legend Armand Hammer ruled the roost. Irani figures that new projects and acquisitions could boost production to nearly 1 million barrels a day by 2010, a sizable jump from the current 590,000. No doubt old man Hammer would be proud of the way his hand-picked successor is managing things.

Company Info

2005 Rank

6

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COMPANY INFO

OXY

Market Value
$ Million

36,809.9

Total Return
$ Million
(1-yr.) 32.4
(3-yr.) 227.6
2005 Sales
$ Billion

15.2

Sales Growth
$ Million
(1-yr.) 34
(3-yr.) 26.9
Long-Term Growth Est. %

10.0

Net income
$ Million

5,272.0

Net Income Growth
$ Million
(1-yr.) 102
(3-yr.) 65.3
Net Margin %*

34.7

Return on Inv. Capital (%)*

28.9

Share Price
12-Mo. Hi/Lo

98/64

P/E Ratio

7

Industry Energy
CORPORATE WEB SITE
More in S&P 500 Companies Scoreboard >
*Trailing 12 months
Company data as of 2/28/06 provided by Standard & Poor's Compustat

Ray R. Irani

Ray R. Irani, 71

CEO since 1990




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