OXY vs. HESM

Last updated Apr 2, 2026

Compare and contrast key facts about Occidental Petroleum Corporation (OXY) and Hess Midstream LP (HESM).

Performance

OXY vs. HESM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Occidental Petroleum Corporation (OXY) and Hess Midstream LP (HESM). The values are adjusted to include any dividend payments, if applicable.

OXY vs. HESM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OXY Occidental Petroleum Corporation	52.06%	-14.95%	-15.91%	-4.08%	119.10%	67.71%	-56.63%	-28.28%	-13.05%	20.40%
HESM Hess Midstream LP	12.88%	0.56%	26.41%	14.36%	16.62%	52.91%	-5.29%	43.83%	-8.61%	-20.37%

Fundamentals

EPS OXY : $6.07 HESM : $2.78
PE Ratio OXY : 10.25 HESM : 13.74
PEG Ratio OXY : 0.07 HESM : 1.11
PS Ratio OXY : 1.93 HESM : 2.99
Total Revenue (TTM) OXY : $21.59B HESM : $1.62B
Gross Profit (TTM) OXY : $0.00 HESM : $1.21B
EBITDA (TTM) OXY : $11.66B HESM : $1.24B

Returns By Period

In the year-to-date period, OXY achieves a 52.06% return, which is significantly higher than HESM's 12.88% return.

OXY

• 1D: -4.26%
• 1M: 15.34%
• YTD: 52.06%
• 6M: 31.79%
• 1Y: 29.25%
• 3Y*: 1.62%
• 5Y*: 19.36%
• 10Y*: 1.93%

HESM

• 1D: -1.93%
• 1M: -3.47%
• YTD: 12.88%
• 6M: 14.96%
• 1Y: -2.63%
• 3Y*: 18.53%
• 5Y*: 19.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

OXY vs. HESM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OXY

OXY Risk / Return Rank: 63
OXY Sharpe Ratio Rank: 67
OXY Sortino Ratio Rank: 60
OXY Omega Ratio Rank: 60
OXY Calmar Ratio Rank: 63
OXY Martin Ratio Rank: 63

HESM

HESM Risk / Return Rank: 34
HESM Sharpe Ratio Rank: 35
HESM Sortino Ratio Rank: 30
HESM Omega Ratio Rank: 30
HESM Calmar Ratio Rank: 38
HESM Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OXY vs. HESM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Occidental Petroleum Corporation (OXY) and Hess Midstream LP (HESM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	OXY	HESM	Difference
Sharpe ratio Return per unit of total volatility	0.75	-0.10	+0.85
Sortino ratio Return per unit of downside risk	1.22	0.05	+1.17
Omega ratio Gain probability vs. loss probability	1.17	1.01	+0.16
Calmar ratio Return relative to maximum drawdown	1.07	-0.09	+1.16
Martin ratio Return relative to average drawdown	2.37	-0.17	+2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OXY vs. HESM - Sharpe Ratio Comparison

The current OXY Sharpe Ratio is 0.75, which is higher than the HESM Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of OXY and HESM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OXY	HESM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	-0.10	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.70	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.32	-0.12

Correlation

The correlation between OXY and HESM is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

OXY vs. HESM - Dividend Comparison

OXY's dividend yield for the trailing twelve months is around 1.57%, less than HESM's 7.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OXY Occidental Petroleum Corporation	1.57%	2.33%	1.78%	1.21%	0.83%	0.14%	4.74%	7.62%	5.05%	4.15%	4.24%	4.39%
HESM Hess Midstream LP	7.78%	8.41%	7.12%	7.50%	7.30%	6.93%	8.86%	6.89%	8.00%	2.93%	0.00%	0.00%

Drawdowns

OXY vs. HESM - Drawdown Comparison

The maximum OXY drawdown since its inception was -88.45%, which is greater than HESM's maximum drawdown of -75.16%. Use the drawdown chart below to compare losses from any high point for OXY and HESM.

Drawdown Indicators

	OXY	HESM	Difference
Max Drawdown Largest peak-to-trough decline	-88.45%	-75.16%	-13.29%
Max Drawdown (1Y) Largest decline over 1 year	-26.80%	-25.78%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-50.77%	-28.72%	-22.05%
Max Drawdown (10Y) Largest decline over 10 years	-88.39%	—	—
Current Drawdown Current decline from peak	-13.62%	-6.85%	-6.77%
Average Drawdown Average peak-to-trough decline	-20.15%	-11.92%	-8.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.18%	13.66%	-1.48%

Volatility

OXY vs. HESM - Volatility Comparison

Occidental Petroleum Corporation (OXY) has a higher volatility of 10.61% compared to Hess Midstream LP (HESM) at 4.33%. This indicates that OXY's price experiences larger fluctuations and is considered to be riskier than HESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OXY	HESM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	4.33%	+6.28%
Volatility (6M) Calculated over the trailing 6-month period	24.76%	13.06%	+11.70%
Volatility (1Y) Calculated over the trailing 1-year period	39.09%	26.82%	+12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.19%	27.27%	+12.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.54%	39.04%	+9.50%

Financials