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.

Apple

American Express

Bank of America

Chevron

Coca-Cola

Warren Buffett has overseen a nearly 20% annualized return for his company's Class A shares (BRK.A) dating back almost 60 years. Portfolio concentration is the unsung hero of Berkshire Hathaway's $363 billion investment portfolio.

79% of Warren Buffett's $363 Billion Portfolio Is Invested in Just 6 Stocks

Chevron and Occidental are two of Buffett's largest holdings, at more than 10% of Berkshire's investment portfolio. While their shares have fallen this year, higher crude prices could push their stocks up in 2024.

2 Warren Buffett Stocks to Buy Hand Over Fist in December

The Buffett-led conglomerate has deep pockets with over $150 billion in cash. But Occidental may want to reconsider.

Berkshire Could Help Finance Possible Occidental Bid for Energy Producer

Occidental Petroleum is in talks to acquire CrownRock. A merger would boost its already sizeable position in the Permian Basin.

Occidental Petroleum Could Soon Follow Exxon and Chevron by Making a Needle-Moving Acquisition

Occidental Petroleum Corporation's Anadarko acquisition faced challenges due to the pandemic, but the benefits were not completely canceled. The pandemic highlighted the risk of deleveraging after a leveraged acquisition, leading to a demand for low leverage ratios in future acquisitions. Technology advances have led to production improvements, which will impact earnings in the future.  The Anadarko acquisition is becoming more valuable.

Occidental Petroleum: Why The Anadarko Deal Is Getting Better Over Time

Occidental Petroleum appears to be the top contender to purchase a major Permian Basin producer, the latest oil consolidation move.

Warren Buffett's Favorite Oil Stock Shifts To Offense In The Permian After Exxon, Chevron, Mega Deals

Broadcom

Corteva Inc

Emerson Electric

Five Below

Keurig Dr Pepper Inc

Simon Property Group

While no one methodology offers guarantees in the equities market, targeting stocks with insider buying could be a compelling and profitable approach. Basically, the thesis surrounds the nature of such transactions.

Follow the Leaders: 7 Stocks With Strong Insider Confidence

Occidental Petroleum Corporation (NYSE:OXY) is reportedly in talks to buy CrownRock, a Texas shale firm, with a deal said to be worth $10 billion. It a deal goes through, as reported by the Wall Street Journal, it would be the latest in a series of consolidating transactions in the US shale sector.

Occidental Petroleum share trade higher amid Texas shale deal reports

Occidental is in talks to buy closely held CrownRock, an operator in the West Texas Permian Basin, according to The Wall Street Journal.

Occidental Joins M&A Race With CrownRock Talks. It Follows Exxon, Chevron Moves.

Occidental Petroleum Corp. OXY, +0.45% is in negotiations to buy Texas energy producer CrownRock in a deal that could be valued at more than $10 billion, the Wall Street Journal reported late Wednesday.

Occidental Petroleum in talks to buy CrownRock for more than $10 billion: report

Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, the Wall Street Journal reported on Wednesday.

Occidental Petroleum in talks to buy Permian producer CrownRock - WSJ

The deal could value CrownRock well above $10 billion including debt.

Occidental Petroleum in Talks to Buy Permian Producer CrownRock

Kraft Heinz

Warren Buffett has a well-known love affair with stocks that pay dividends. Over half the stocks in Berkshire Hathaway‘s (NYSE: BRK-A ) NYSE: BRK-B ) portfolio pays dividends.

The 7 Biggest Dividend Stocks in Warren Buffett's Portfolio

OXY's investment thesis remains robust with positive long-term tailwinds, as we expect deeper OPEC+ cuts through H1'24 to support current spot prices. Its improving balance sheet, well-diversified energy portfolio, and inherent undervaluation make it a good fit for Berkshire Hathaway Energy's acquisition. Ultimately, Warren Buffett's increased stake in OXY suggests his optimism about the prospects of the conventional oil/gas industry in the long term.

Occidental Petroleum: Follow Warren Buffett's Lead And Add Near His Dollar-Cost Average

In Texas, oil and gas producer Occidental Petroleum is constructing a giant facility to suck 500,000 tonnes of carbon dioxide out of the atmosphere annually to keep it from warming the climate, a project backed by hundreds of millions of dollars from investment firm BlackRock.

Two US projects highlight divide over carbon removal's role in climate fight

Equinor

First Solar

Exxon Mobil

At the end of Friday's holiday-shortened trading session, First Solar Inc. (NASDAQ: FSLR) shares closed down 3.34% to capture the honor of being the day's biggest S&P 500 loser.

How COP28 Could Put More Hurt on Solar Projects

Chesapeake Energy

Invesco

When was the last time you saw a VIX below 13.0%? Most seasoned investors would tell you that this could be considered a once-in-a-cycle unicorn moment, and while the bears are focusing on reasons why the market could be pregnant with tail risk, others (maybe yourself included) are focused on what matters: making money.

Give up the OPEC fight with these 3 stocks, Buffett-certified

Citigroup

ITOCHU Corp

Marubeni Corp

Mitsui & Co Ltd

Buffett's attractively valued holdings include two bank stocks, two oil stocks, five Japanese stocks, and a tech stock. The legendary investor has recently reduced Berkshire Hathaway's stakes in a couple of these stocks.

$84 Billion of Warren Buffett's Portfolio Is Invested in These 10 Dirt-Cheap Stocks

Advance Auto Parts

iShares U.S. Energy ETF

iShares US Financial Services ETF

iShares U.S. Consumer Goods ETF

iShares U.S. Technology ETF

Energy Select Sector SPDR Fund

Billionaire investor Warren Buffett is known for his winning investing style.

Buffett's Favorite 4 Sectors: ETFs in Focus

Sirius XM Holdings Inc

Warren Buffett is sitting on a stack of cash, leaving investors wondering where he'll deploy his capital to next. Over the previous quarter, Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) sold $5 billion worth of stock, totaling $44 billion over the past four quarters.

Buffett's Next Bets? 3 Stocks That Could Attract Berkshire's Cash

General Electric

As the world intensifies its search for sustainable energy solutions, clean coal stocks are garnering significant attention. This interest stems from advancements in clean coal technologies designed to enhance sustainability and efficiency.

3 Clean Coal Technology Stocks for a Greener Portfolio

Occidental Petroleum is benefiting from higher petroleum prices and is aggressively growing its production in key areas such as the Permian. Recent OPEC+ supply cuts have improved the pricing situation for the industry and supported energy prices. Occidental Petroleum has potential for earnings growth in light of recent supply cuts.

Occidental Petroleum Q3: OPEC+ Supply Cuts And Earnings Upside (Rating Upgrade)

Ally Financial

Diageo

Jefferies Financial Group Inc

Kroger

T-Mobile US

This Warren Buffett holdings list from Kiplinger first-appeared 11/14/23 on the Berkshire Hathaway SEC Form-13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this batch. Here is your update from 11/17/23 YCharts data. 27 of 45 current Berkshire-owned-stocks pay dividends. As of 11/17/23 the top-ten ranged 2.7%-4.73% by annual-yield and 39 of 45 ranged 2.18% to 63.69% by broker-estimated target-price-upsides. Analyst-augured top-ten net-gains from Buffett's November dividend dogs ranged 14.16%-28.61% from KO, ALLY, C, OXY, DEO, KHC, TMUS, JEF, KR, and top pick CVX per YCharts data.

Warren Buffett's 5 Dividend Buys For November

EnLink Midstream

Exxon recently spent nearly $5 billion to bulk up its carbon dioxide infrastructure capabilities. EnLink Midstream believes carbon transportation could boost its earnings by 25% with minimal capital investment.

These Companies Are Racing to Capture This Multitrillion-Dollar Opportunity

W&T Offshore

Down 13% in the past month and on pace for four consecutive weeks of decline, the price of crude oil is now in a bear market, further pressuring stocks of energy producers. West Texas Intermediate (WTI) crude oil, the U.S. standard, is down a little more than 20% from a peak of more than $90 a barrel reached in September and officially in a bear market.

Oil Price Predictions: What's Next as Oil Enters Bear-Market Territory?

News for Occidental Petroleum Stock (OXY)