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.

Chevron

Warren Buffett loaded his portfolio with shares of oil producers Chevron and Occidental Petroleum. That bold bet could start to really pay off as oil prices rally.

Warren Buffett's Brilliant Move Is About to Pay Even Bigger Dividends

Two of Warren Buffett's favorite energy stocks jumped Tuesday as U.S. oil prices surged above $85 per barrel, hitting fresh 9-month highs.

Warren Buffett Energy Stocks Break Out As Saudi Arabia Extends Production Cut

Apple

Bank of America

At age 92, Warren Buffett's stock picks have stood the test of time. The Oracle of Omaha has put up some of the most incredible numbers of any long-term investor over his storied career.

Warren Buffett's 3 Must-Hold Stocks for Long-Term Investors

American Express

Kraft Heinz

Coca-Cola

Since taking over the reins of Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) as CEO in 1965, Warren Buffett has overseen compounded gains of 20% a year. That's more than double the returns of the S&P 500.

Warren Buffett's Biggest Bets: The 7 Stocks Dominating His Portfolio

The advantages of Occidental Petroleum's acquisition appear to be in a position to become apparent to shareholders. Technology advancements and operational improvements are expected to boost profitability and increase the value of the acquisition. Well advances appear to be bringing more acreage into Tier 1 classification.

Occidental Petroleum: The Advantages Of Leverage

Occidental (OXY) reported earnings 30 days ago. What's next for the stock?

Occidental (OXY) Up 0.9% Since Last Earnings Report: Can It Continue?

Johnson & Johnson

McDonald's

Dividend stocks provide essential passive income for many investors. For those heading into retirement, this is especially true.

Set and Forget: 3 Dividend Stocks Perfect for Your IRA

Activision Blizzard

Berkshire Hathaway's 13F allows investors to see what one of Wall Street's brightest investors bought and sold in the most recent quarter. Two stocks have stood out as consistent buys for Warren Buffett and his team for more than a year.

2 Stocks Warren Buffett Can't Stop Buying and 1 Holding He's Decisively Selling

D.R. Horton

DaVita

Kroger

During times of market volatility, many investors look to see which stocks Warren Buffett is buying. Spoiler alert, you won't find him chasing the hottest AI stocks.

7 Very Oversold Warren Buffett Stocks to Buy Right Now

Warren Buffett is undoubtedly one of the greatest investors of all time. The Berkshire Hathaway (NYSE: BRK-B ) CEO has one of the best long-term investing track records and seen as a guru among many in the investing community.

Trust the Oracle: 3 Warren Buffett Stocks to Buy for Long-Term Gains

It is apparent that the OXY stock remains well-supported at H1'23 floor of $56s, nearing Berkshire Hathaway's average purchase price of $57s. The recent rally is also attributed to the recovery in WTI Crude Oil and Natural Gas spot prices, potentially boosting the producer's average realized prices in H2'23. This is an important development indeed, since OXY's last quarter production capacity is split evenly between Crude Oil and Natural Gas.

Occidental Petroleum: Warren Buffett And WTI Crude To The Rescue (Rating Upgrade)

The Oracle of Omaha has been dazzling Wall Street with his investing prowess for nearly six decades. Dividend stocks have played a key role in Warren Buffett's long-term outperformance.

Warren Buffett Will Collect $4.31 Billion in Annual-Dividend Income From These 5 Stocks

Diamondback Energy

Pioneer Natural Resources

Interestingly, interest rates are higher in the United States since the economy is much stronger than analysts' and economists' forecasts. Furthermore, unemployment is below 4%, the S&P 500 grew roughly 20% this year, and economists surveyed by the Philadelphia Fed stated that GDP is projected to grow by 1.6% in Q3 2023.

These Are the ONLY 3 Oil Stocks to Consider in August 2023

CMS Energy

Capital One

Lennar

Warren Buffett has a knack for finding great companies selling at bargain levels. He's consistently picked winners for years by targeting quality stocks when they hit a rough patch.

7 Stocks Warren Buffett is Buying Hand Over Fist

Mondelez

While not a high-growth company, what snack giant Mondelez lacks in growth potential it more than makes up for with reliability. Capital One isn't in the dire straits the market seems to think it is.

3 Buffett Stocks to Buy More of in August

APA Corporation

Devon Energy

Exxon Mobil

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

Oil May Explode Higher to $90 or More: 7 ‘Strong Buy' Dividend Leaders to Grab Before It's Too Late

Occidental's (OXY) ongoing investment and high-quality assets are likely to have a positive impact on growth. However, stringent regulation and global competition pose concerns.

Occidental (OXY) Benefits From Investments and Acquisitions

Oil stocks have been subdued in the last few quarters. This does not come as a surprise with Brent oil trending lower after making a higher of $120 in 2022.

The 3 Most Undervalued Oil Stocks to Buy Now: August 2023

Occidental Petroleum Corporation stock bottomed out in June. Despite reporting weak second-quarter earnings, the stock didn't crash. As such, I assess that the worst is likely over. Berkshire Hathaway holds a 25% stake in Occidental Petroleum, bolstering investors' confidence in maintaining long-term exposure in OXY. Despite its relative premium, Occidental's robust execution added credence to Buffett's conviction about its high quality, justifying its premium valuation.

Occidental Petroleum: Warren Buffett Proves His Doubters Wrong Again

Mirroring the Oracle of Omaha's trading activity has been a moneymaking investing strategy for nearly six decades. Warren Buffett strongly believes in concentrating Berkshire's portfolio into a handful of top investment ideas.

78% of Warren Buffett's $360 Billion Portfolio Is Invested in Only 6 Stocks

Carbon Engineering makes the technology to support direct air capture of carbon emissions. The deal will enhance the oil giant's opportunity in the potentially massive carbon-capture business.

This Top Warren Buffett Stock Is Making a $1.1 Billion Bet to Capture a Potentially Massive Opportunity (and Maybe Save the Planet in the Process)

Occidental Petroleum Corp (NYSE: OXY) just announced plans of buying Carbon Engineering for about $1.1 billion. Its shares are down 2.0% at writing.

Occidental Petroleum just bought Carbon Engineering for $1.1 billion

Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.

Occidental Petroleum to Acquire Carbon Capture Technology Supplier for $1.1 Billion

Occidental Petroleum faces a challenging Q2 2023 with a significant decrease in earnings, primarily due to lower oil and gas prices. Despite the earnings slump, Occidental's total production rose 6% YoY, and the company raised its full-year production guidance. Substantial share repurchases and preferred equity redemptions reflect Occidental's focus on enhancing shareholder returns.

Occidental Petroleum: Navigating Challenges And Driving Growth

Celanese

Globe Life Inc

General Motors

McKesson

Marsh & McLennan

Berkshire Hathaway bought shares of five different stocks in the second quarter, including three new positions. The conglomerate was a net seller of stocks, selling shares of seven different companies.

News for Occidental Petroleum Stock (OXY)