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 Video: What is a Stock Split?
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| Occidental Petroleum has three reporting segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide and power. The midstream and marketing segment also includes Co.'s low carbon ventures businesses, which primarily focus on developing carbon removal and carbon capture, utilization and storage projects. According to our OXY split history records, Occidental Petroleum has had 3 splits. | |
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Occidental Petroleum (OXY) has 3 splits in our OXY split history database. The first split for OXY took place on August 16, 2006. This was a 2 for 1 split, meaning for each share of OXY owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. OXY's second split took place on December 01, 2014. This was a 1042 for 1000 split, meaning for each 1000 shares of OXY owned pre-split, the shareholder now owned 1042 shares. For example, a 2000 share position pre-split, became a 2084 share position following the split. OXY's third split took place on February 25, 2016. This was a 10000 for 9983 split, meaning for each 9983 shares of OXY owned pre-split, the shareholder now owned 10000 shares. For example, a 2084 share position pre-split, became a 2087.54883301613 share position following the split.
When a company such as Occidental Petroleum splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the OXY split history from start to finish, an original position size of 1000 shares would have turned into 2087.54883301613 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Occidental Petroleum shares, starting with a $10,000 purchase of OXY, presented on a split-history-adjusted basis factoring in the complete OXY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$90.90 |
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| End price/share: |
$55.76 |
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| Starting shares: |
110.01 |
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| Ending shares: |
155.68 |
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| Dividends reinvested/share: |
$18.76 |
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| Total return: |
-13.19% |
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| Average Annual Total Return: |
-1.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,684.99 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$90.90 |
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| End price/share: |
$55.76 |
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| Dividends collected/share: |
$18.76 |
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| Total return: |
-18.02% |
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| Average Annual Total Return: |
-1.97% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,195.77 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/16/2006 | 2 for 1 | | 12/01/2014 | 1042 for 1000 | | 02/25/2016 | 10000 for 9983 |
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