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

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.

Berkshire Hathaway Inc. BRK.A, +1.19% BRK.B, +0.56%, the conglomerate controlled by billionaire Warren Buffett, acquired about10.5 million shares of Occidental Petroleum Corp. OXY, +3.01% stock valued at nearly $589 million between Dec. 11 and 13, according to a Thursday filing. Berkshire Hathaway now owns about 238.53 million shares, valued at roughly $13.65 billion.

Berkshire Hathaway ups its Occidental Petroleum stake by nearly $600M

Warren Buffett loaded up on OXY shares this week following the company's $12 billion consolidation move in the Permian Basin.

Warren Buffett's $590 Million OXY Buy Highlights This Key Support Level

Berkshire Hathaway, led by Warren Buffett, acquired approximately 10.5 million shares of Occidental Petroleum (NYSE: OXY) this week at nearly $590 million. This move followed Occidental Petroleum's announcement of a $12 billion deal to acquire CrownRock, a Permian producer.

Warren Buffett just bought $590 million worth of this stock

Warren Buffett's Berkshire Hathaway bought stock in Occidental Petroleum on the same day the oil producer announced a $12 billion deal.

Berkshire Hathaway bought more Occidental stock on day of CrownRock deal

Warren Buffett's conglomerate upped its stake in the oil stock to about 27%.

Berkshire Buys More Occidental Stock, Signaling Confidence in CrownRock Purchase

AbbVie

Boeing

Disney

Ford Motor Company

Hasbro

NIKE

Stocks of a lot of well-known and historically great companies are on sale right now. Many marquee names haven't shared in this year's market rally and are in the red for 2023.

The 7 Most Undervalued Growth Stocks to Buy in December

Apple

Bank of America

Coca-Cola

The Oracle of Omaha has doubled the annualized total return of the benchmark S&P 500 since becoming CEO of Berkshire Hathaway in the mid-1960s. Dividend stocks have been an unsung hero for Berkshire's nearly $366 billion investment portfolio.

Warren Buffett Is Raking In Nearly $3.5 Billion in Annual Dividend Income From Just 4 Stocks

Newmont Mining

Riot Blockchain

The tightening of monetary policies has helped curb inflation to some extent. At the same time, global GDP growth has decelerated, and that's a key concern for policymakers.

3 Stocks That Can Surge on Potential Rate Cuts in 2024

Consolidation continues in the Permian basin, as Occidental Petroleum OXY agreed Monday to acquire CrownRock for $12 billion. It will be a big payday for Midland, Texas oilman Tim Dunn, cofounder of CrownQuest Operating — who joined with private equity boutique Lime Rock to form the CrownRock venture in 2007.

Dunn Deal: Texas Oilman Eyes $2 Billion Payday In Sale To Occidental

Occidental (OXY) is set to acquire CrownRock, further strengthening its footprint in the premier Permian basin and increasing low-breakeven inventory.

Occidental (OXY) to Buy CrownRock in a $12B Cash & Stock Deal

The deal to buy CrownRock follows similar moves by peers ExxonMobil and Chevron. The deal will boost Occidental's free cash flow.

Occidental Petroleum Makes a $12 Billion Acquisition to Keep Pace with ExxonMobil and Chevron

With a $12 billion price tag, Occidental Petroleum Corp.'s (OXY) deal to buy Midland, Texas-based oil and gas producer CrownRock L.P, is essentially a move to expand the company's reach in the Permian Basin and other petroleum-rich regions.

Why Occidental Petroleum Is Spending $12 Billion To Buy CrownRock

Occidental Petroleum OXY (Oxy) said Monday it would acquire the assets of privately held CrownRock in a stock-and-cash deal valued at $12 billion. The acquisition adds more than 1700 new potential locations to the shale giant's drilling prospect inventory along with 170 thousand barrels of oil per day equivalent (Mboed) in existing production.

Permian Merger Mania Enters A New Phase With Occidental's Latest Deal

Occidental Petroleum (NYSE: OXY ) stock is a hot topic on Monday as investors react to a $12 billion acquisition deal with CrownRock. Occidental Petroleum will be using a mix of cash and stock to acquire CrownRock.

OXY Stock Alert: Occidental Petroleum to Acquire CrownRock in $12 Billion Deal

CrownRock is in focus this morning after Occidental Petroleum Corp (NYSE: OXY) said it will buy the energy producer for about $12 billion. Details of Occidental-CrownRock deal The hydrocarbon exploration giant will issue $1.7 billion worth of stock and $9.1 billion of debt to finance the acquisition.

Occidental Petroleum is buying CrownRock for $12 billion

Occidental Petroleum Corp announced on Monday an agreement to acquire privately held energy producer CrownRock LP, which operates in the Permian Basin, in a cash-and-stock transaction valued at about $12.0 billion, including the assumption of CrownRock's debt.  Occidental said the transaction will add 170,000 barrels of oil equivalent per day to its production as well as 1,700 undeveloped locations to its operations in the Permian.

Occidental Petroleum to acquire CrownRock in $12B cash-and-stock deal

Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.

Occidental Petroleum to buy CrownRock in $12B deal

Purchase is latest in series of big takeovers in oil and gas industry and will give Occidental more than 94,000 net acres in Texas

Occidental Petroleum to buy energy producer CrownRock in $12bn deal

Occidental Petroleum agreed to a $12 billion deal to buy West Texas producer CrownRock as the independent oil company seeks to keep pace with consolidation in the industry.

Occidental to Buy CrownRock for $12 Billion as Oil Patch Consolidates

Occidental Petroleum follows Exxon Mobil And Chevron with acquisition deal.

Warren Buffett-Backed Occidental Petroleum Seals $12 Billion Deal For Permian Producer

The acquisition will add 170,000 barrels of oil per day to Occidental's daily production.

Occidental to Buy Permian Basin Oil Producer CrownRock for $12 Billion

Occidental Petroleum Corp.'s OXY, +0.12% was down 1.5% in premarket trading on Monday after the oil company said it would pay $12 billion for privately held Permian Basin oil and gas producer CrownRock L.P., which is a joint venture of CrownQuest Operating LLC and Lime Rock Partners.

Occidental to pay $12B to buy private Permian basin company CrownRock

Occidental Petroleum said on Monday it would buy Permian basin-based energy producer CrownRock in a cash-and-stock deal valued at $12 billion.

Occidental Petroleum to buy CrownRock in $12 bln deal

Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion.

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Acquisition, valued at approximately $12.0 billion, generates immediate free cash flow accretion CrownRock's well-positioned assets expand Occidental's scale in the Midland Basin CrownRock's development-ready inventory high-grades Occidental's premier Permian Basin portfolio and increases low-breakeven inventory Expected to add high-margin, lower-decline unconventional production of approximately 170 Mboed in 2024 Supports quarterly dividend increase of 22% to $0.22 per share CrownRock's operating team has a strong track record of running safe, efficient and highly productive assets and adds to Occidental's capabilities HOUSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced it entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12.0 billion, including the assumption of CrownRock's debt.

News for Occidental Petroleum Stock (OXY)