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 Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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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.

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.

Capital One

D.R. Horton

Lennar

Buffett initiated three new positions for Berkshire Hathaway in the second quarter. He also added to two of Berkshire Hathaway's existing positions.

Warren Buffett Bought 5 Stocks in Q2. Here's the Best of the Bunch.

U.S. oil and gas producer Occidental Petroleum said on Tuesday it would acquire carbon-capture technology provider Carbon Engineering for a total cash consideration of approximately $1.1 billion.

Occidental Petroleum to buy Carbon Engineering for $1.1 bln

Integration of Occidental's operations experience and Carbon Engineering's technology improves cost and capital efficiencies, and enables Occidental to catalyze broader partnerships for DAC deployment Integration of Occidental's operations experience and Carbon Engineering's technology improves cost and capital efficiencies, and enables Occidental to catalyze broader partnerships for DAC deployment

Occidental Enters into Agreement to Acquire Direct Air Capture Technology Innovator Carbon Engineering

Billionaire investor Prem Watsa (Trades, Portfolio), the leader of Fairfax Financial Holdings ( TSX:FFH , Financial), disclosed his second-quarter equity portfolio earlier this week.

Prem Watsa Piles Into Occidental Petroleum

American Express

Bank of America

What Warren Buffett buys often makes news. But what he holds is just as essential as new or increased investments.

3 Investments Warren Buffett Is Making That You Should Too

American Tower

Cardinal Health

Cincinnati Financial

Canadian Imperial Bank of Commerce

Cisco Systems

Fulton Financial

Genuine Parts

GlaxoSmithKline

Huntington Bancshares

Iron Mountain

Illinois Tool Works

Leggett & Platt

Medtronic

Realty Income Corp

Orion Office REIT

Paramount Global

Philip Morris

TotalEnergies SE

Vanguard S&P 500 ETF

We received $941 in July dividend income. This was a 34.95% dividend increase compared to July 2022. One interesting benefit of moving the funds into VOO is that they pay dividends in an “off month” several times during the year. The Fulton July dividend has more than doubled since January and the Huntington dividend has grown over 50% in the same time period.

Bert's July 2023 Dividend Income Summary

Occidental Petroleum Corporation's bump in share price has dropped down its free cash flow yield, even at higher prices. The company has a 7% FCF yield, not enough to justify its valuation given both long and short-term risks. At this time, we recommend against adding to a position in Occidental Petroleum, but don't recommend selling yet.

Occidental Petroleum Is A Bit On The Pricey Side Again

Chevron

Berkshire Hathaway's quarterly 13Fs provide a snapshot of what the Oracle of Omaha and his investing lieutenants have been buying and selling. However, Berkshire Hathaway's quarterly reports and select SEC filings can allow investors access to some of Buffett's trades prior to the release of quarterly 13Fs.

2 Stocks Warren Buffett Is Buying Hand Over Fist and 1 Top Holding He's Selling

Vitesse Energy Inc

Chevron continues to be best in breed. Occidental Petroleum's stock is trading at a steep discount to its historic valuation.

3 Unstoppable Warren Buffett Dividend Stocks That Have Room to Run

Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.

Occidental Petroleum Shares Climb After Winning DOE Grant for Carbon Capture Project

HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub. The hub, to be located on the King Ranch in Kleberg County, is expected to include the world's first DAC plant designed to remove up to 1 million metric tons of CO2 per year.

1PointFive Selected for U.S. Department of Energy Grant to Develop South Texas Direct Air Capture Hub

Warren Buffett has been crushing the broader market for almost six decades. Tracking the Oracle of Omaha's trading activity is made easy with Berkshire's required Form 13F filings.

Warren Buffett's Latest $1.3 Billion Buy Brings His Total Investment in This Stock to More Than $71 Billion in 5 Years

Oil and gas producer Occidental Petroleum said on Wednesday it appointed company veteran Sunil Mathew as its new chief financial officer.

Occidental Petroleum appoints Sunil Mathew as CFO

Apple

Kraft Heinz

Coca-Cola

Moody's

Warren Buffett, renowned as the Oracle of Omaha, stands as a titan in the world of finance. His astute investment strategies and unparalleled insights have elevated him to the status of one of the most successful stock market investors in history.

Here's how much copy-trading Warren Buffett's portfolio yielded in 2023

Agree Realty

Axon Enterprise

Many investors are motivated to sell a stock when they notice that company insiders are dumping their shares. However, company insiders can sell a stock for many reasons, and many of those have nothing to do with the stock's performance.

3 Stocks to Buy After Heavy Insider Buying

Johnson & Johnson

Visa

Amid the ripples of a burgeoning bull market, one name consistently captures the imagination of investors: Warren Buffett. Warren Buffet's top picks, nestled within Berkshire Hathaway ( BRK-A ,  BRK-B ) sprawling $382 billion portfolio, serve as a lodestar for those looking to grow their portfolios rapidly.

The 7 Best Warren Buffett Stocks to Buy for August 2023

United States Oil Fund LP

Energy Select Sector SPDR Fund

Exxon Mobil

Oil prices NYSEARCA: USO are on the rise and likely heading higher. The Saudis and Russia are working together with voluntary production cuts to keep the supply/demand balance tilted firmly in favor of higher prices.

Three Ways To Play The Rise In Oil Prices

Caterpillar

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Wouldn't it be nice to peek over a billionaire's shoulder when picking stocks? Well, sometimes, you can.

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Enterprise Products Partners

Warren Buffett has been dubbed the Oracle of Omaha because of his incredible investment record. Investors watch his every move, trying to emulate his success.

You Can't Control Warren Buffett, but You Can Control How You Invest Like Him

Alerian MLP ETF

Dominion Energy

Plains All American Pipeline

Plains GP Hlds

TC Energy

Williams

Pipelines fit Warren Buffett's investing philosophy quite well. As a result, it should not be surprising that he is pouring billions of dollars into the sector. We share our top pipeline picks.

Warren Buffett 'Likes Pipelines' - Our Top Picks

Since taking over as CEO of Berkshire Hathaway in the mid-1960s, Buffett has doubled-up the average annual total return of the benchmark S&P 500. Some of the Oracle of Omaha's top investment ideas at the moment include tech stock Apple and energy company Occidental Petroleum.

Warren Buffett Has Bought Shares of This Company for 19 Consecutive Quarters -- and No, It's Not Apple

Warren Buffett's conglomerate Berkshire Hathway  BRK.B  reports earnings Friday, August 4 and as always, market participants are anxiously anticipating the company results and Buffett's comments.

Berkshire Hathaway Earnings Preview: What has Buffett Been Up To?

Occidental Petroleum Corporation (NYSE:OXY ) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Neil Backhouse - Head of IR Vicki Hollub - President and CEO Rob Peterson - SVP and CFO Richard Jackson - President, Operations, U.S. Onshore Resources and Carbon Management Conference Call Participants Douglas Leggate - BofA Securities Neil Mehta - Goldman Sachs Neal Dingmann - Truist Securities Michael Scialla - Stephens Inc. Roger Read - Wells Fargo Paul Cheng - Scotiabank Scott Gruber - Citigroup David Deckelbaum - TD Cowen Operator Good afternoon, and welcome to Occidental's Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Occidental Petroleum Corporation (OXY) Q2 2023 Earnings Call Transcript

News for Occidental Petroleum Stock (OXY)