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 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

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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

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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HOUSTON , May 20, 2024 /PRNewswire/ -- Select Water Solutions, Inc. (NYSE: WTTR) ("Select" or the "Company"), a leading provider of sustainable water and chemical solutions to the energy industry, today announced their collaborative efforts with Occidental (NYSE: OXY) at the South Curtis Ranch treatment facility in the Midland Basin has successfully treated and recycled 50 million barrels of produced water. Operational since March 2021, this permanent facility showcases the commitment of both companies to sustainable operations in the region.

PERMIAN WATER RECYCLING FACILITY EXCEEDS 50 MILLION BARRELS TREATED AND REUSED

Occidental Petroleum has been consistently covered, including recommendations and support for Warren Buffett's investment. The company's warrants were recommended during the challenging times of 2020. OXY's investment by Warren Buffett was considered expensive but significant.

Occidental Petroleum Can Continue Generating Steady Returns

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Chevron and Occidental Petroleum are two of Berkshire Hathaway's largest holdings. They have strong businesses and solid growth prospects.

Better Warren Buffett Oil Stock: Chevron Vs. Occidental Petroleum

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Occidental Petroleum's EPS for Q1 2024 topped analyst expectations but was down significantly from 2023. Total average global production was 1.17 million barrels of oil equivalent per day, down 4% year over year.

Oxy Beats EPS Estimates in Q1 2024

Warren Buffett's holding company, Berkshire Hathaway, owns several oil stocks. Occidental Petroleum and Chevron are two of the largest positions.

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The oil market continues to look for direction. After running up above $85 a barrel to start the year, West Texas Intermediate crude oil, the American standard, is back below $80 as tensions in the Middle East ease and on growing signs that the U.S. economy is slowing.

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Warren Buffett has a lengthy track record of success, having returned nearly 4,900,000% for his company's Class A (BRK.A) shareholders since becoming CEO in the mid-1960s. The Oracle of Omaha and his investment team have been net-sellers of stocks over the last six quarters.

Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

Lower oil and gas prices weighed on Occidental Petroleum's first-quarter results. The company sees several catalysts driving free-cash-flow growth in the future.

Occidental Petroleum's Profits Slump (but a Recovery Appears to Be Ahead)

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Occidental Petroleum Corporation. (NYSE:OXY ) Q1 2024 Earnings Conference Call May 8, 2024 1:00 PM ET Company Participants Jordan Tanner - Vice President, Investor Relations Vicki Hollub - President and CEO Sunil Mathew - Senior Vice President and CFO Richard Jackson - President, Operations, U.S. Onshore Resources and Carbon Management Ken Dillon - Senior Vice President and President, International Oil and Gas Operations Conference Call Participants Roger Read - Wells Fargo Paul Cheng - Scotiabank Neil Mehta - Goldman Sachs John Royall - JPMorgan Neal Dingmann - Truist Scott Gruber - Citigroup Nitin Kumar - Mizuho David Deckelbaum - TD Cowen Operator Good afternoon.

Occidental Petroleum Corporation (OXY) Q1 2024 Earnings Call Transcript

Occidental Petroleum Chief Executive Vicki Hollub on Wednesday said the company hopes to close the acquisition of shale oil producer CrownRock before the second-quarter earnings call, which typically happens in early August.

Occidental says CrownRock deal could close by August

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Occidental's (OXY) first-quarter earnings are better than expected. Total production volumes are within guidance.

Occidental (OXY) Q1 Earnings Surpass, Revenues Lag Estimates

Occidental Petroleum (OXY) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.09 per share a year ago.

Occidental Petroleum (OXY) Beats Q1 Earnings Estimates

Occidental Petroleum beat estimates for first-quarter profit on Tuesday as the oil-and-gas firm benefited from higher oil prices.

Occidental Petroleum beats quarterly profit estimates on higher oil prices

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its first quarter 2024 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 First Quarter 2024 Results

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Occidental's (OXY) first-quarter earnings are likely to have benefited from stable production volumes, an improvement in oil price and zero-routine flaring.

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Analysts predict Occidental Petroleum earnings and revenue declines in the first quarter.

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Occidental Petroleum has put some of its assets in the Permian Basin up for sale. The oil company plans to sell up to $6 billion in assets following its pending acquisition of CrownRock.

News for Occidental Petroleum Stock (OXY)