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 Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

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Net income

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Net PPE

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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

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Purchase/sale of investments

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Other sources

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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.

Looking at the company from a CAPEX to non-cash expense ratio, Occidental looks like one of the cheapest of their peer group. Although the company currently has a low dividend yield, buybacks and free cash flow growth should tell a different story in the future. This is another story looking to successfully reduce debt and strengthen its balance sheet.

Occidental Petroleum: A Low CAPEX, Low Yield, High Free Cash Flow Buy

The ideal strategy result gives us four choices to exit the trade.

OXY Stock Today: How This Long Call Calendar Spread Can Deliver Long-Term Stellar Returns

Warren Buffett has delivered a greater than 4,450,000% aggregate return to his shareholders since becoming CEO. Investors closely monitor quarterly 13F filings to see what Wall Street's brightest minds have been buying and selling.

Meet the Stock Warren Buffett Has Purchased Shares of Almost Every Month for More Than 5 Years

Occidental Petroleum (OXY) closed at $56.22 in the latest trading session, marking a -0.71% move from the prior day.

Occidental Petroleum (OXY) Sees a More Significant Dip Than Broader Market: Some Facts to Know

The oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday.

Market to be short oil from 2025 onwards, Occidental CEO at Davos

Occidental Petroleum has announced its second large acquisition in recent years, despite previous statements that they were unlikely to make further acquisitions. Shareholders have yet to see the benefits of the last acquisition in the form of a higher share price and raised dividends. The success of these acquisitions may be necessary for Occidental to return to former stock price levels in a "lower for longer" environment.

The Growth Bug Bites Occidental Petroleum

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Slumping oil prices weighed on Occidental's cash flow last year. The company still produced a lot of cash to return to shareholders and fund new investments.

Why Occidental Petroleum Significantly Underperformed the S&P 500 in 2023

One of Buffett's biggest recent purchases is Occidental Petroleum -- Berkshire owns 25%. The U.S. energy giant has a smart management team, and the stock trades at a cheap multiple.

Want to Invest Like Warren Buffett? Buy This Stock in 2024 and Never Sell

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Apple's lucrative business model can reward shareholders for many years. Buffett's Berkshire Hathaway was buying more shares of top energy producer Occidental Petroleum in December.

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Occidental Petroleum Corporation has acquired CrownRock for $12 billion, potentially boosting its Permian Basin production by 28% in 2024. Occidental is making progress in carbon capture technology, receiving support from investors like BlackRock and Amazon. Effective debt reduction post-Anadarko acquisition and a focus on increasing shareholder returns through dividends and share buybacks highlight Occidental's strong financial strategy.

Occidental Petroleum Stock: Entered The Buy Zone (Rating Upgrade)

Suncor Energy

The global energy market remains volatile with several developments pushing it in different directions. Crude oil prices are down to start the new year on news of a sharp price cut by Saudi Arabia and a rise in production among members of the the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

The 3 Best Energy Stocks to Buy in January 2024

HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its fourth quarter 2023 financial results after close of market on Wednesday, February 14, 2024, and will hold a conference call to discuss results on Thursday, February 15, 2024, at 1 p.m. Eastern/12 p.m. Central.

Occidental to Announce Fourth Quarter Results Wednesday, February 14, 2024; Hold Conference Call Thursday, February 15, 2024

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Devon Energy

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Liberty (LBRT), Chevron (CVX), Devon (DVN) and Occidental Petroleum (OXY) stand out among energy companies, possessing attractive balance sheet traits and a strong capacity to pay high dividends.

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As revealed by Q3 2023 securities filings, legendary investor Warren Buffett increased his holdings in Occidental Petroleum (NYSE: OXY), further solidifying Berkshire Hathaway‘s commitment to the energy giant.

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Investment bankers are thrilled with recent oil deals. Investors are not.

Apache, Occidental, and Chevron Enter Unpopular Deals

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Exxon Mobil

The year 2023 reshaped the oil and gas industry as companies like ExxonMobil, Chevron, OXY and Harbour Energy made strategic, eco-friendly moves, setting industry trends.

How Smart Acquisitions Are Fueling Growth in the Energy Sector

With oil and gas prices expected to be weighed down by fears of weakening demand as global economies slow, Mizuho analyst Nitin Kumar has downgraded the shares of a number of energy companies on Wednesday.

Stop buying Exxon Mobil, Occidental Petroleum stocks as oil prices should stagnate, analyst says

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Marathon Oil

Energy Select Sector SPDR Fund

Shares of oil and gas companies were broadly, but lightly, lower in premarket trading Thursday, as crude oil prices fell for a second straight session amid easing Red Sea tensions. The Energy Select Sector SPDR ETF XLE, -0.44% shed 0.4% ahead of the open, as crude oil futures CL.1, -1.31% CL00, -1.32% slid 1.4%, after dropping 1.5% on Wednesday.

News for Occidental Petroleum Stock (OXY)