Correlation Analysis
Occidental Petroleum Corporation vs Exxon Mobil Corporation
OXY vs XOM
+0.593
Moderate positive
When one moves up, the other tends to follow.
Occidental Petroleum Corporation
↗OXY
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2024, the company reported net proved reserves of 4.6 billion barrels of oil equivalent. Net production averaged 1.326 million barrels of oil equivalent per day in 2024 at a ratio of roughly 52% oil and natural gas liquids and 48% natural gas.
Market cap 62.4B · 10,412 employees
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
in sync
OXY and XOM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.593 (they moved in the same direction).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+0.348
16 periods · Return correlation when both series rose
Both Falling
+0.077
13 periods · Return correlation when both series fell
Diverging
-0.743
6 periods · Return correlation when series moved apart
R-Squared
35.1%
Share of variance in one series explained by the other.
Trend Agreement
78.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [0.556, 0.627]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Occidental Petroleum Corporation
OXY
Market cap 62.4B · 10,412 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
1.0165
Linear regression slope.
Intercept
49.1218
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
OXY
Occidental Petroleum Corporation
Highest
+0.129
Eli Lilly & Co.
LLY · 1,254 data points
Lowest
-0.478
Amazon.Com Inc
AMZN · 1,254 data points
Saved 4 hours ago · ID: stock-oxy-vs-stock-xom-daily