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Diamondback Energy vs Occidental Petroleum Corp /de/ (FANG vs OXY)

Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.

Occidental Petroleum Corp /de/ is the larger company by revenue ($21.6B vs $15.0B) and market value ($54.5B vs $51.6B). Diamondback Energy has grown revenue faster over the last 4 fiscal years (+122.7% cumulative vs -16.9%). Occidental Petroleum Corp /de/ trades at the lower trailing P/E (74.1x vs 189.1x).

About Diamondback Energy

Diamondback Energy, Inc. is an oil and natural gas company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids. The company operates primarily in the Midland Basin and Delaware Basin regions. It serves customers involved in the energy sector by supplying these natural resources.

About Occidental Petroleum Corp /de/

Occidental Petroleum Corporation operates in the oil and gas industry. The company is involved in the exploration, production, and marketing of oil, natural gas, and natural gas liquids. It serves customers in North America and internationally through its oil and gas and midstream and marketing segments.

Head to head (FANG FY2025 vs OXY FY2025)

MetricFANGFY2025OXYFY2025
Revenue$15.03B$21.57B
Revenue growth (YoY)35.8%-2.0%
Gross margin
Operating margin8.4%
Net margin11.1%11.0%
Net income$1.66B$2.37B
Diluted EPS$5.73$1.61
FCF margin19.0%
ROE3.9%6.5%
Debt / equity0.3×0.6×
Market cap$51.59B$54.52B
P/E (TTM)189.1×74.1×

Fundamentals are from each company’s SEC filings (FANG FY2025, OXY FY2025). P/E and market cap are derived from recent market prices and update daily.

Five-year trend (as reported)

RevenueFY2021FY2022FY2023FY2024FY2025
FANG$6.75B$9.57B$8.41B$11.07B$15.03B
OXY$25.96B$36.23B$23.16B$22.02B$21.57B
Net incomeFY2021FY2022FY2023FY2024FY2025
FANG$2.18B$4.39B$3.14B$3.34B$1.66B
OXY$2.32B$13.30B$4.70B$3.08B$2.37B
Operating marginFY2021FY2022FY2023FY2024FY2025
FANG59.3%68.0%54.3%39.7%8.4%
OXY

Peer standing

Where each company ranks among the 61 oil and gas companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.

MetricFANGOXY
Net margin
11.1%49th percentile of 58
11.0%47th percentile of 58
Revenue growth (YoY)
+35.8%78th percentile of 59
-2.0%38th percentile of 59
ROE
3.9%40th percentile of 49
6.5%48th percentile of 49
P/E (TTM)
189.1×Highest of 40
74.1×90th percentile of 40
Debt / equity
0.32×36th percentile of 37
0.56×64th percentile of 37
Short interest (days to cover)
3.72d53rd percentile of 60
2.66d36th percentile of 60

Short interest

FINRA settlement dataFANGOXY
Shares sold short10.0M26.3M
Change vs prior settlement+6.8%-3.4%
Days to cover3.722.66
As of settlement2026-06-302026-06-30

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.

Insider activity (last 90 days)

Form 4 open-market activityFANGOXY
Buys01 ($249,853)
Sells23 ($2.07B)0

Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.

Held by the same investors

6 tracked 13F managers hold both Diamondback Energy and Occidental Petroleum Corp /de/ as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.