User:CBuiltother/Occidental Petroleum Financial performance
Financial performance
At year-end 2009, Occidental was the fourth-largest U.S. oil and gas company measured by market capitalization, with a market capitalization of $66 billion at that date..{{cite news |title=Irani to resign as Oxy CEO |url=http://www.oilonline.com/News/NewsArticles/FirmsFaces/tabid/133/itemId/106/Default.aspx |publisher= Oil Online Article |date=2010-10-01 |accessdate=2010-12-14 }} This repesented a more than ten-fold increase in the company's market capitalization since the end of 1990, when it was approximately $5 billion. From 2007 through 2009, Occidental shareholder returns averaged 20.6% a year, sixth among 200 major U.S. companies in a Wall Street Journal survey.{{cite news |title=Occidental Chief Tops Pay List |url=http://online.wsj.com/article/SB10001424052702303338304575155893241220422.html |publisher= Wall Street Journal |date= 2010-04-01 |accessdate=2010-12-14 }}
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! Fiscal year ! Market capitalization (billions){{cite web |url=http://performance.morningstar.com/stock/performance-return.action?t=OXY®ion=USA&culture=en-US |title=OXY Occidental Petroleum Corporation Stock Performance of Total and Trailing Returns |author= |date= |work= |publisher=MorningStar |accessdate=2010-12-19}} |
2005
| $32.112 | $16.259 | $7.133 |
2006
| $41.070 | $18.160 | $7.830 |
2007
| $63.794 | $20.013 | $8.572 |
2008
| $48.585 | $24.480 | $11.371 |
2009
| $66.050 | $15.531 | $4.669 |
References
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