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

Earnings data Q2 2021

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

Earnings data Q4 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.

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

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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

Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

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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.

Oxy's 2023 results were solid, but well below its record numbers from 2022. The energy company did a good job of paying down its debt, but it will offset that progress with its acquisition of CrownRock.

Occidental Petroleum Just Delivered a Billion-Dollar Quarter, But Is the Dividend Stock Worth Buying Now?

Western Gas Partners

Occidental Petroleum is mulling a divestment of its 50% stake in Western Midstream Partners, according to a Reuters article published on Tuesday. Western Midstream's market capitalisation is currently valued at $11.76 billion, with debt bringing its enterprise value closer to $20 billion.

Buffett-backed Occidental reportedly exploring Western Midstream spinoff

Occidental Petroleum is exploring a sale of Western Midstream Partners , a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to people familiar with the matter.

Exclusive: Occidental explores $18 billion-plus sale of Western Midstream, sources say

Occidental has grown its dividend rapidly since resetting the payout during the pandemic. The oil company's top priority is paying a sustainable and growing dividend.

This Top Warren Buffett Stock Is Becoming a Dividend Growth Machine

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Chevron

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Investors who avoid conformity and think independently prosper in the long run. Considering the tech sector's recent extreme bull move, money may shift into the lagging energy sector.

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Liberty Media Corp-Liberty SiriusXM

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Occidental Petroleum reported solid earnings last year despite volatile oil and gas prices. The company's chemical business had a strong year.

Occidental Petroleum Makes Most of Its Money on Oil and Gas (but Its Future Profit Growth Drivers Could Lie Elsewhere)

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Super Micro Computer

For the best meme stocks to buy, it's all about stocks that have become popular lately with retail traders, and at the same time have attributes that make them worthy of consideration based on fundamentals, not merely hope and hype. Among the most popular stocks among Reddit's r/WallStreetBets community, a few names fit both criteria.

The 3 Best Meme Stocks to Buy in February 2024

Apple

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ARM Holdings PLC

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Tracking 13F filings is crucial for market participants seeking to understand trends, identify potential investment opportunities, and monitor the transactions of Wall Street's most influential investors. Stock Strategist Andrew Rocco breaks down the 3 most important filings this 13F season.

13F Season: 3 Whales to Follow

Occidental Petroleum Corporation (OXY) Q4 2023 Earnings Call Transcript

Occidental's (OXY) fourth-quarter earnings is on par with estimates and Permian Resource assets continue to be a major contributor to the company's production volumes.

Occidental's (OXY) Q4 Sales Beat, Earnings Meet Estimates

Occidental Petroleum Chief Executive Vicki Hollub on Thursday said the closing of the acquisition of shale producer CrownRock was postponed and is now expected for the second half of this year, after several additional information requests by the Federal Trade Commission.

Occidental says CrownRock deal closing delayed to 2nd half due to FTC requests

D.R. Horton

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Markel

Paramount Global

StoneCo

Warren Buffett upped Berkshire Hathaway's holdings in the oil patch and trimmed its Apple stake, among other moves in Q4.

3 Stocks Warren Buffett Is Buying (and 7 He's Selling)

The Occidental Petroleum NYSE: OXY investment thesis has been getting more bullish over the last two years, setting the stock up for a substantial rally. Q4 results aside, the market appears ready to rally now and may move higher soon.

Occidental Petroleum stock price is ready to gush higher

Occidental Petroleum reported Q4 results and outlined its Permian Basin spending plans. Warren Buffett kept buying the stock in Q4.

Occidental Petroleum Eases Permian Basin Focus As Warren Buffett Buys More Shares

Enbridge

Yara International ASA

Enbridge is growing its lower-carbon energy platforms. The company made a couple of acquisitions last year and is investing in several development projects.

This 7.9%-Yielding Dividend Stock Is Working to Ensure It Has Plenty of Fuel to Continue Growing Its Payout in the Decades Ahead

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Warren Buffett, the celebrated investor and Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), made substantial changes to his extensive portfolio last quarter.

Here's Warren Buffett's updated portfolio

The headline numbers for Occidental (OXY) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Occidental (OXY) Q4 Earnings: A Look at Key Metrics

Occidental Petroleum (OXY) came out with quarterly earnings of $0.74 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.61 per share a year ago.

Occidental Petroleum (OXY) Q4 Earnings Match Estimates

U.S. oil and gas producer Occidental Petroleum beat estimates for fourth-quarter profit on Wednesday, aided by higher production in the Permian basin.

Occidental Petroleum beats profit estimates as production rises

HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its fourth quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company's website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov.

Occidental Announces Fourth Quarter 2023 Results

Diamondback Energy

A wave of consolidation is sweeping through the energy sector right now. Since last autumn, a number of billion-dollar takeover deals have been announced that are focused on the Permian Basin situated across parts of Texas and New Mexico.

Exit Now! 3 Energy Stocks to Sell in February 2024.

Canadian Solar

When major oil-producing nations attempted to bid up the price of crude through coordinated production cuts, circumstances appeared bullish for the best energy stocks to buy – particularly those tied to the hydrocarbon space. However, that narrative didn't pan out as other factors such as broader economic concerns weighed on the sector.

The 3 Best Energy Stocks to Buy in February 2024

Occidental's (OXY) fourth-quarter earnings are likely to have benefited from strong production volumes. This is marginally offset by an increase in operating expenses.

News for Occidental Petroleum Stock (OXY)