Revenue segments as reported by the company.

Oil & Gas

Chemical

Midstream & Marketing

Eliminations

Interest, dividends and other income

Gains (losses) on sale of assets, net

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Purchased commodities

Selling, general and administrative

Other operating and non-operating expense

Taxes other than on income

Depreciation, depletion and amortization

Asset impairments and other charges

Anadarko acquisition-related costs

Exploration expense

Interest and debt expense, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Occidental Petroleum

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q1 2024

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Occidental Petroleum posts record earnings, focuses on sustainable growth

Occidental Petroleum (OXY) delivered strong financial results in Q4 2022, driven by record net income and free cash flow, showcasing operational excellence and financial discipline.
The company's strategic focus on debt reduction, shareholder returns, and low-carbon initiatives positions it well for sustainable growth and value creation.
While facing challenges in production maintenance and cost management, OXY's diversified capital plan and cautious approach to investments present opportunities for future growth and resilience.

Occidental Petroleum excels in Q1, prioritizes sustainability and shareholder value

Occidental Petroleum's Q1 2023 performance reflects operational excellence, financial strength, and a strategic focus on enhancing shareholder value through capital allocation.
Despite inflation challenges, the company's proactive approach to cost management and investment in sustainable technologies underscores a commitment to long-term growth.
By prioritizing shareholder returns, innovation, and sustainability, Occidental Petroleum is well-positioned to navigate uncertainties and capitalize on growth opportunities in the energy sector.

Occidental Petroleum (OXY) reports record Q2 results and advances sustainability goals

Occidental Petroleum (OXY) delivered a strong performance in Q2 2023, driven by operational excellence, financial discipline, and a focus on sustainability. Despite labor challenges, the company remains focused on efficiency improvements, growth opportunities, and innovation in carbon capture projects. Share repurchase program and strategic capital allocation aim to enhance shareholder value and position the company for future success.

Occidental Petroleum reports record Q3 performance and advances sustainability initiatives

Occidental Petroleum (OXY) showcased robust operational and financial performance in Q3 2023, driven by strong oil and gas production and successful execution of strategic initiatives.
The company's focus on shareholder returns, innovation in DAC technology, and commitment to sustainability position OXY for long-term growth and value creation.
While facing challenges such as inflation impacts and technological advancements, OXY remains agile in capital allocation, resource optimization, and strategic partnerships to navigate industry dynamics.

Occidental Petroleum reports robust 2023 performance and eyes sustainable growth

Occidental Petroleum's strong financial performance in 2023, operational advancements, and strategic acquisitions position the company for growth. While facing challenges like project delays, the focus on EOR and low carbon ventures presents significant opportunities for sustainable development and increased profitability.

Occidental Petroleum exceeds Q3 expectations, focuses on growth and debt reduction

Occidental Petroleum's Q3 2024 earnings call showcased strong financial performance, operational achievements, and progress on strategic initiatives. With a focus on debt reduction, capital investments, and operational excellence, OXY is poised for sustainable growth and value creation. The company's ability to navigate challenges and capitalize on opportunities bodes well for its future prospects.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids, and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

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To say that market optimism, global production disruptions, and geopolitical tensions are all to blame for the recent spike in oil prices is correct. The rally started because of the risks in the Middle East and Russia and the disruption in global production, but has spread as investors have grown more bullish on commodities, generally.

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Buffett likes Occidental Petroleum and its leadership. The business is doing well.

Here's Why Warren Buffett-Led Berkshire Hathaway Doesn't Want to Own 100% of Occidental Petroleum Stock

Berkshire Hathaway is the largest shareholder in Occidental Petroleum and has no interest in purchasing or managing the company. Occidental Petroleum had strong 2023 results, with record productivity rates, increased proven reserves, and $5.5 billion in free cash flow. The company is acquiring CrownRock for $12 billion, which is expected to support lower breakeven and increase cash flow. Occidental Petroleum is committed to substantial shareholder returns.

Occidental Petroleum: Warren Buffett Is Right

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Oil has seen little to no attention in the past 12 to 24 months. Most of the market's focus has gone into technology stocks, with names like NVIDIA NASDAQ: NVDA breaking past its all-time high multiple times on explosive financials and hype surrounding artificial intelligence as it is being adopted by more and more industries today.

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The advent of carbon capture technologies could extend the oil and gas sector's marketable life for several more decades. Occidental Petroleum is one of the leading developers of carbon capture technologies, with a major facility set to begin operations next year.

Warren Buffett Loves Occidental Petroleum for a Reason That's Not Showing Up in the Numbers -- Yet

Western Gas Partners

Western Midstream recently increased its distribution by 52%. Occidental had plans to sell part or all of Western Midstream in 2019, but was "stuck" with the asset due to lack of buyer interest. Occidental aims to reconstitute Western Midstream to serve more of its operations, not just the acquired Anadarko business.

Western Midstream: Bet On Occidental Management

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The Permian basin has become a hotspot for merger and acquisition activity in the oil and gas industry. The region has experienced significant growth in production, with estimates of recoverable reserves around 50 billion barrels of oil and 300 trillion cubic feet of natural gas. The Permian basin offers low-cost production and proximity to major refining and processing facilities, making it an attractive investment opportunity.

Expect Further Consolidation In The Permian Basin This Year

While the Apple sale was an eye-opener for many, Berkshire Hathaway bought another 4.3 million shares of Occidental Petroleum Corporation (NYSE: OXY) in early February.

Warren Buffett Sold Apple While Continuing To Buy 2 Big Dividend Energy Stocks

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Crude oil futures have risen by nearly 10% since the turn of the year. This has resulted in a broad-based uptick in energy stock prices echoed by Vanguard Energy Index Fund ETF Shares' (NYSEARCA: VDE ) 2% year-to-date gain.

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Buffett believes Occidental Petroleum has the characteristics of an indefinite holding. The oil giant is important to the United States because of its oil resources and emerging carbon capture business.

Like Coca-Cola and American Express, Warren Buffett Sees Occidental Petroleum as a Potential "Forever" Holding

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Occidental Petroleum stock traded sideways in 2023. Now generating high levels of free cash flow, an upcoming acquisition could further improve the company's financial position.

3 Reasons Occidental Petroleum Stock Is a Buy Right Now

Berkshire Hathaway's CEO also highlighted the challenges of the company's railroad, utility businesses.

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WTI crude oil has struggled to climb above the mid-$70s due to weak demand from China and strong US production. Occidental Petroleum posted decent Q4 2023 numbers, a second straight earnings beat as the company mulls the sale of its Western Midstream assets. Technically, OXY's chart shows a consolidation pattern, but with improving RSI momentum, a breakout or breakdown could be in the offing.

Occidental: Looking Ahead To Better Growth In 2025, Shares A Value But Rangebound

After years of warnings about peak oil, we don't hear too much about that possibility anymore. The world is actually awash in fossil fuels and ongoing advances in exploration and exploitation means accessing reserves will be a continuing pursuit.

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Occidental Petroleum is considering selling its stake in Western Midstream Partners. A sale would enable it to quickly repay the debt it will take on to acquire CrownRock.

Occidental Petroleum Is Looking to Cash in on This High-Yield Dividend Stock

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News for Occidental Petroleum Stock (OXY)