OXY vs PR: Correlation
Measured on weekly returns over the past three years, Occidental Petroleum (OXY) and Permian Resources Corporation (PR) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXY and PR?
Across a 3-year window, the weekly returns of OXY and PR correlate at 0.77, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 834.2 %².
By 3-year correlation, PR places #15 of the 38 assets tracked against OXY. Correlation aside, the last 12 months split them widely, with PR ahead by 41.4 points (+28.9% versus +70.3%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
OXY vs PR: side by side
| OXY (Occidental Petroleum) | PR (Permian Resources Corporation) | |
|---|---|---|
| 1-year return | +28.9% | +70.3% |
| 5-year return | +150.8% | +430.6% |
| Volatility (ann.) | 30.6% | 35.4% |
| Beta vs S&P 500 | 0.13 | 0.39 |
| Max drawdown (3Y) | -46.9% | -39.9% |
| Market cap | $59.1B | $19.4B |
| P/E (trailing) | 17.3 | 14.7 |
| Dividend yield | 1.71% | 2.73% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OXY | PR |
|---|---|---|
| 2022 | +119.1% | +57.9% |
| 2023 | -4.1% | +49.4% |
| 2024 | -15.9% | +10.7% |
| 2025 | -14.9% | +1.9% |
| 2026 | +45.2% | +68.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXY and PR good diversifiers for each other?
Only partially. A correlation of 0.77 means OXY and PR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OXY and PR?
As of 2026-08-27, the correlation of weekly returns between OXY and PR is 0.77 over 3 years, 0.78 over 1 year and 0.63 over 5 years.
Is PR a good diversifier for OXY?
Only partially. A correlation of 0.77 means OXY and PR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oxy-vs-pr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oxy-vs-pr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OXY correlations · PR correlations
