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

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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

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Taxes other than on income

Depreciation, depletion and amortization

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Anadarko acquisition-related costs

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Year over year growth in Revenue and Operating Expenses.

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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 2023

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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.

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Cost of revenue

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Operating income

EBITDA

Net income

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Minority interest

Total liabilities & equity

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Book value per share

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Change in working capital

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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.

The U.S. Permian basin in Texas and New Mexico, the biggest U.S. shale oil basin, has enough additional oil to develop and will continue to grow in the next few years, Occidental Petroleum CEO Vicki Hollub said on Tuesday.

Occidental CEO: Permian basin has enough additional oil to develop

HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC conference in Abu Dhabi, is the first project announced since the companies signed a memorandum of understanding on August 1, 2023, to jointly explore carbon capture, utilization and storage projects in the United States and the UAE.

Occidental and ADNOC to commence preliminary engineering study of a Direct Air Capture facility in the UAE

Today, I'd like to update my coverage and give you some new food for thought as Mr. Buffett continues to expand his position. In Q2 OXY missed both its revenue and EPS estimates, but increased its full-year production guidance. Oil upcycles last 12 years on average, and the current one started 3 years ago. Oil demand should expand going forward, despite any contrary opinions you might come across.

Occidental Petroleum: Buffett Teaches Persistency And Patience

ConocoPhillips

Chevron

Enbridge

Enterprise Products Partners

Halliburton

Pioneer Natural Resources

Energy stocks are heating up and it's time to consider which ones are the best to buy. It was only a matter of time before the price of oil surged above $90 a barrel.

7 Energy Stocks Set to Explode Higher

Higher prices today than those expected in the future means that energy stocks aren't getting full credit for the rise in current prices. It's good news for producers like Occidental Petroleum.

Oil Prices Are Headed Down. Occidental Stock Looks Like a Buy.

Apple

American Express

Bank of America

Kraft Heinz

Coca-Cola

Moody's

The Oracle of Omaha has effectively doubled-up the annualized total return of the benchmark S&P 500 since the mid-1960s. Portfolio concentration has played a key role in Warren Buffett's sizable outperformance.

83% of Warren Buffett's $347 Billion Portfolio Is Invested in Only 8 Stocks

Devon Energy

Devon Energy expects its capital spending to decline next year, driven by lower capital costs. Occidental Petroleum plans to hold its production flat since OPEC drives the current market imbalance.

These Top Oil Stocks Plan to Sit Back and Cash In on Higher Crude Prices

The 2022 bear market saw oil stocks shining due to rising oil prices spurred by inflation and geopolitical events. However, 2023 has seen oil prices halve from their 2022 highs, impacting oil stocks negatively.

Untapped Potential: 3 Undervalued Oil Stocks to Grab While You Can

Exxon Mobil

ExxonMobil and other oil majors are near buy zones as crude oil prices march higher.

These Oil Majors May Be Ready For A Promotion As Crude Prices Keep Rising

Natural gas stocks to check out in the stock market today.

2 Natural Gas Stocks To Watch In September 2023

Since becoming CEO of Berkshire Hathaway (NYSE: BRK-A  NYSE: BRK-B ) in 1965, Warren Buffett generated 3.7 million percent returns for investors. That's a staggering statistic, considering the S&P 500 returned some 24.7 thousand percent.

3 Stocks Delivering $2.8 Billion in Dividends to Warren Buffett Each Year

Amazon

General Motors

Warren Buffett is an investing legend. The stock portfolio of his holding company Berkshire Hathaway (NYSE: BRK-A /NYSE: BRK-B ) is closely followed by investors all over the world.

7 Warren Buffett Stocks That Should Be On Every Investor's Radar This Fall

OXY has been unable to break resistance and may break support near $55, indicating a possible correction. Occidental's involvement in a carbon removal credit purchase agreement with 1PointFive and Amazon diversifies its revenue streams and positions it to capitalize on the growing market for carbon removal solutions. Occidental's involvement in 1PointFive's DAC technology and acquisition of Carbon Engineering's DAC technology enhances its competitive edge in the emerging carbon capture market.

Occidental: Why It's Worth Waiting For A Better Entry Point

SPDR S&P Oil & Gas Exploration & Production ETF

Brent crude futures, the international benchmark, have jumped over the past month to a recent $93 per barrel.

Oil Is Soaring. Why the Stocks Have Stalled, and How Investors Can Take Advantage.

Warren Buffett has effectively doubled the annualized total return of the benchmark S&P 500 since 1965. Portfolio concentration has proved crucial to the Oracle of Omaha's success as an investor.

88% of Warren Buffett's $352 Billion Portfolio Is Invested in Just 4 Sectors

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

Hess

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

The price of WTI and Brent crude continues to rise as Wall Street traders eye a deeper supply deficits in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

Oil spikes above $91 on supply concerns

Inflation or recession, the one thing that will always remain in demand is oil. It's hard to imagine a world without oil, and while it is a volatile sector, oil companies can sometimes report record profits while also taking a beating in certain cases.

3 Oil Stocks That Should Be on Every Investor's Radar This Fall

It's a step toward figuring out how carbon capture technologies will monetize their offerings. That could lead to billions of future cash flows.

Does Occidental Petroleum's Deal With Amazon Make It a Screaming Buy?

APA Corporation

Since topping out at $120 a barrel back in the summer of 2022, the major oil benchmarks traded down every month until bottoming last December.

Oil May Hit $100 Before the Holidays: 6 Industry Giants to Buy Now for Growth and Big Dividends

Amazon inks a deal to buy carbon removal credits from Occidental Petroleum. The agreement will support the oil company's first large-scale direct air capture facility.

Occidental Petroleum and Amazon Team Up to Try to Save the Planet

The 250,000-metric-ton Direct Air Capture credit removal purchase is the technology industry's largest agreement with 1PointFive The 250,000-metric-ton Direct Air Capture credit removal purchase is the technology industry's largest agreement with 1PointFive

1PointFive and Amazon Announce 10-year Carbon Removal Credit Purchase Agreement

Borr Drilling Ltd

Crescent Point Energy

Marathon Oil

Transocean

Some of the best oil stocks have seen significant price action in the last few years. This has been in sync with the volatility in crude oil since the pandemic.

The 7 Best Oil Stocks to Buy Now: September 2023

The conglomerate owns $178 billion in Apple shares, which is roughly 50% of its portfolio. Its next-largest holdings include stocks in the financial, energy, and consumer goods sectors.

Half of Warren Buffett's Portfolio Is in Apple. These 5 Stocks Make Up 66% of the Other Half.

Globe Life Inc

Johnson & Johnson

Louisiana-Pacific

Nu Holdings

VeriSign

If we're going to get right down to it, banking on the best Warren Buffett stocks comes down to leveraging decades of experience. Unlike, say, financial luminaries on YouTube, the Oracle of Omaha has seen it all – bull markets, bear markets and whatever the heck we're currently in.

The 7 Best Warren Buffett Stocks to Buy Now: September 2023

Shell PLC

Here we go again. Crude oil prices are once again marching higher after Saudi Arabia and Russia extended their voluntary production cuts to the end of this year.

The 3 Best Energy Stocks to Buy Now: September 2023

News for Occidental Petroleum Stock (OXY)