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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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.

BYD Company Limited

Chevron

When Warren Buffet speaks, people listen. And when the Oracle of Omaha puts his money where his mouth is, it's not necessarily a bad idea to mimic the investment.

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Occidental agreed to acquire CrownRock last year. The debt-funded deal will require the company to sell assets to strengthen its balance sheet.

Prediction: This Will Be Occidental Petroleum's Next Big Move

Oil stocks have underperformed the markets considerably over the last decade, due to a lack of structural growth. Occidental, however, has the potential to outperform industry peers due to its extensive Delaware basin acreage position and technological development. Focus on cost reduction and increasing oil recovery in the Permian will drive value growth for Occidental, even if mid-term oil prices remain stagnant.

Occidental: The Only Oil Stock To Buy And Hold Long-Term

Microsoft

Microsoft is signing a landmark carbon removal credit agreement with a subsidiary of Occidental Petroleum. The deal will put Microsoft another step closer to achieving its climate goals.

This Top Warren Buffett Stock Is Helping Microsoft Solve a Big Problem

DHT Holdings

Frontline

Oil and gas stocks can be some of the most undervalued stocks an investor can stumble upon. One of the reasons why is because of the stigma that surrounds investing into non-renewable energy assets, and this sentiment is prevalent whether we're talking about an everyday market-watcher or a professional investor at a Wall Street firm.

The 3 Most Undervalued Oil & Gas Stocks to Buy in July 2024

Berkshire Hathaway first disclosed its Occidental Petroleum stake in early 2022. Today, its stake in this international energy company is significantly larger.

How Much Occidental Petroleum Stock Does Warren Buffett Own?

Warren Buffett's Berkshire Hathaway (NYSE: BRK-B , BRK-A ) has been making some pretty notable bets in energy stocks over the past several years. Undoubtedly, the conglomerate is sitting on a rather large stockpile of cash.

3 Stocks to Watch as Buffett's Berkshire Bets Big on Energy

Tech giant Microsoft on Tuesday inked a record carbon capture agreement with Occidental Petroleum subsidiary 1PointFive, as major technology companies grapple with the growing carbon footprint of artificial intelligence.

Microsoft seals carbon capture deal with Occidental

OXY will sell 500,000 carbon credits to Microsoft over the course of the next 6 years, helping the tech giant achieve its carbon emission targets.

OXY seals largest ever carbon credits deal thanks to AI

Carbon capture firm 1PointFive said on Tuesday it has entered into an agreement with Microsoft to sell the tech giant 500,000 metric tons of carbon dioxide removal (CDR) credits over six years.

Occidental's 1PointFive to sell carbon credits to Microsoft

HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft's carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and highlights the increasing adoption of this climate technology as a solution to help organizations achieve net-zero emissions.

1PointFive Announces Agreement to Sell 500,000 Metric Tons of Direct Air Capture Carbon Removal Credits to Microsoft

Apple

AbbVie

Bristol-Myers

Kroger

Visa

I just read an article that quoted billionaire hedge fund manager, David Einhorn, as saying value investing was dead. Since I'm writing about the best Warren Buffett stocks, that thought piqued my interest.

The 7 Best Warren Buffett Stocks to Buy in July 2024

The Oracle of Omaha's investing track record -- a nearly 5,000,000% gain in Berkshire's Class A shares (BRK.A) since the mid-1960s -- has earned him quite the following on Wall Street. An energy stock, which Buffett considers an indefinite holding, has been purchased with regularity since the start of 2022.

2 Magnificent Stocks Billionaire Warren Buffett Is Buying On an Almost Quarterly Basis

In today's environment, the lion's share of market attention is focused on two main things. First, most have headed to the technology sector, particularly stocks like NVIDIA Co. NASDAQ: NVDA, exposed to the hype around artificial intelligence expansion and adoption throughout the global economy.

Top Oil Stocks Primed to Surge Ahead of Buffett's Occidental Move

24/7 Insights Warren Buffett has a stunning $189 billion in cash and short-term Treasury debt Berkshire Hathaway is up 12.4% in 2024 Grab this free report today Access 2 legendary, high-yield dividend stocks Wall Street loves If any investor has stood the test of time, it's Warren Buffett, and with good reason.

With Oil Nearing $85 Warren Buffet Has 9% Of Berkshire Hathaway in 2 Top Energy Stocks

APA Corporation

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Devon Energy

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Hess

Kinder Morgan

Marathon Petroleum

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Williams

Energy Select Sector SPDR Fund

Exxon Mobil

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.

Energy Stocks: Winners And Losers At The Beginning Of H2 2024

In the first quarter, Berkshire trimmed its position in Chevron and added to its position in Occidental Petroleum. Chevron is a well-run energy company and a safe giant that conservative investors will like.

Forget Chevron? Buffett Is Buying Up This Energy Stock Instead

Amazon

Chipotle

FedEx

HEICO

Novo Nordisk

Rivian Automotive

The first half of the trading year is in the books, and by all accounts, it was a resounding success. The benchmark S&P 500 index rose 15% from January through the end of June, hitting all-time highs on 31 separate occasions.

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The oil sector is witnessing significant fluctuations, creating opportunities for undervalued oil stocks. With Brent crude trading at around $77 a barrel and West Texas Intermediate at $73, market conditions are ripe for strategic investments.

3 Oil Stock Steals That Wall Street Is Overlooking

HOUSTON, July 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2024 financial results after close of market on Wednesday, August 7, 2024, and will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m.

Occidental to Announce Second Quarter Results Wednesday, August 7, 2024; Hold Conference Call Thursday, August 8, 2024

Warren Buffett bought another $435 million worth of Occidental Petroleum stock in June. Current trends in commodity prices are serving as a tailwind for Occidental.

Last Quarter, Warren Buffett Only Added to 1 Existing Position. In June, He's Bought Over $435 Million More of It.

Berkshire Hathaway Inc. recently added more Occidental Petroleum Corporation stock, accumulating a nearly 29% stake in the company. Berkshire could buy more shares considering Occidental Petroleum's valuation, Warren Buffett's interest in energy, and Berkshire's cash position. Occidental Petroleum is a good opportunity by itself already due to attractive valuation and earning catalysts.

Occidental Petroleum: Berkshire Could Buy More And You Should, Too

The numbers are in, and they do all the talking.

3 Stocks To Buy As Oil Prices Collapse, OPEC Panics

Warren Buffett has been hard-pressed to find many stocks he thinks are worth buying recently. One of his favorite energy companies went on sale when oil prices dipped earlier this month.

Warren Buffett Just Bought $435 Million of This Stock and Plans to Hold It Forever

Enbridge

The energy sector had an underwhelming month of June. The ongoing market rally, driven by the excitement surrounding artificial intelligence, has propelled tech stocks to new heights.

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News for Occidental Petroleum Stock (OXY)