When compared with COP, OXY's performance over the last 12 months has been abysmal. Both OXY and COP are well respected oil companies whose business models are similar. Over the last 12 months, COP has easily outperformed OXY. COP's pps has risen 20% while OXY's has fallen 5% over that same time period. Furthermore, COP pays a 4% dividend while OXY only pays a 3% dividend. The only area where OXY has outperformed COP is in overpaying their BOD and management. OXY is overly generous with it's financial packages for it's executives, regardless of their lack of performance.
The only thing that I have to say in OXY's favor is that they are currently looking to take the same steps that COP did, 18 months ago, and break up their organization to increase shareholder value.
Isn't COP tightly coupled with nat gas, and thus the price of nat gas - which has gone up significantly the past 12 months?
On the other hand. Isn't OXY just getting started on nat gas via the monterey shale and its potential? Is it a sleeping giant?