Occidental Petroleum Corp (OXY) is undervalued and Woodside Energy Group Ltd ADR (WDS) is undervalued.
Against our estimates of intrinsic value, WDS trades at the wider discount: a margin of safety of +47%, against +27% for OXY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $77.34; the price of $56.31 is 27% below that value, and 79% of that value comes from beyond year five.
Leak Score 68/100 on 9 of 12 signals
Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $42.24; the price of $22.29 is 47% below that value, and 84% of that value comes from beyond year five.
Leak Score 68/100 on 3 of 12 signals
| Metric | OXY | WDS |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $56.31 | $22.29 |
| Intrinsic value | $77.34 | $42.24 |
| Margin of safety | +27% | +47% |
| Leak Score | 68/100 (9/12) | 68/100 (3/12) |
| Market cap | $56.3B | $42.3B |
| Revenue growth, 5 years | 4.7% | 29.0% |
| Operating margin | 23.1% | 26.5% |
| Net margin | 14.0% | 22.2% |
| Return on equity | 10.9% | 8.6% |
| Debt to equity | 0.35 | 0.38 |
| P/E | 16.7x | 13.8x |
| Forward P/E | 14.0x | 13.3x |
| P/B | 1.7x | 1.2x |
| Dividend yield | 1.8% | 6.4% |