OXY Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
OXY Payout Ratio by year
Yearly range of OXY’s payout ratio from 2016 to 2026. Over the full period it ranged from 0.5% to 1,197.2%, averaging 166.1%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 19.1% | 23.3% | 27.5% | 19.1% |
| 2025 | 18.5% | 20.8% | 23.4% | 22.2% |
| 2024 | 14.6% | 17.3% | 18.6% | 18.4% |
| 2023 | 4.8% | 8.1% | 11.3% | 11.3% |
| 2022 | 1.6% | 2.9% | 4.1% | 4.1% |
| 2021 | 0.5% | 1.0% | 2.0% | 0.5% |
| 2020 | 64.6% | 219.9% | 375.1% | 64.6% |
| 2019 | 86.9% | 163.7% | 357.1% | 357.1% |
| 2018 | 85.2% | 350.9% | 912.6% | 85.2% |
| 2017 | 246.1% | 466.6% | 671.7% | 351.1% |
| 2016 | 502.7% | 850.0% | 1,197.2% | 502.7% |
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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.