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 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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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

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Purchase/sale of investments

Purchase/sale of business

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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.

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Energy Transfer recently added a couple more projects to its expansion backlog. The MLP has many more projects under development.

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Chevron and Oxy are both top-10 Berkshire Hathaway equity holdings. But Berkshire has been cutting its Chevron stake while adding to Oxy.

Better Warren Buffett Energy Stock: Chevron or Oxy?

Occidental Petroleum has been pushing out a lot of news about a carbon capture project. While potentially an interesting experiment, it's still a largely untested business.

Occidental Petroleum: Buy, Sell, or Hold?

There has been a flurry of developments regarding Occidental Petroleum as of late, ranging from a possible Berkshire Hathaway purchase to earnings. Although financial data was weak in the most recent quarter, management did reveal an interesting development regarding the firm's preferred stock.

Occidental Petroleum: Management's Wise Moves Should Overshadow Near-Term Weakness

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Energy Stocks in Doldrums After Last Year's Big Rally

Occidental Petroleum Corporation (NYSE:OXY ) Q1 2023 Earnings Conference Call May 10, 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, U.S. Onshore Resources and Carbon Management, Operations Conference Call Participants Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Merrill Lynch John Royall - JPMorgan Paul Cheng - Scotiabank Leo Mariani - ROTH MKM Partners Roger Read - Wells Fargo Operator Good afternoon, and welcome to Occidental's First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

Occidental Petroleum Corporation (OXY) Q1 2023 Earnings Call Transcript

Occidental Petroleum falls back into the Buffet Buy Zone but will he buy more? Berkshire won't take control but it could still buy another 25% of the company.

Occidental Petroleum: Will Buffet Buy More?

Occidental's profits plunged as oil prices cooled off. The oil company operated exceptionally well in the first quarter.

Lower Oil Prices Take a Big Bite Out of Occidental Petroleum's Profits

First Trust Natural Gas ETF

First Trust Nasdaq Oil & Gas ETF

Invesco S&P 500 Equal Weight Energy ETF

Warren Buffett, the CEO of Berkshire Hathaway (BRK-A), recently commented at the company's annual shareholder meeting that they have no plans to take complete control of Occidental Petroleum Corp OXY. Shares of Occidental dropped right after the comment, but later recovered their losses.

Reassessing Occidental ETFs as Buffett Denies Full Control

Occidental's (OXY) first-quarter revenues decrease year over year. The company completes 25% of its $3 billion share repurchase program.

Occidental (OXY) Q1 Earnings and Revenues Lag Estimates

Although the revenue and EPS for Occidental (OXY) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Occidental (OXY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Occidental Petroleum (OXY) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $2.12 per share a year ago.

Occidental Petroleum (OXY) Misses Q1 Earnings and Revenue Estimates

In recent weeks oil prices have tanked leading to some overvalued energy stocks. Through the first week of May, crude oil prices declined for three consecutive weeks in what amounts to the biggest pullback since November 2022.

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HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its first quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company's website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov.

Occidental Announces First Quarter 2023 Results

Watching Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) Saturday in Omaha caused us to think about a very popular 1960s TV show called, “The Dating Game.” Hosted by Jim Lange, the game was played with the host on one side of a wall with a male or female contestant.

No Dating Game for Buffett

Warren Buffett told investors over the weekend he has no intention to take over OXY as the energy producer is set to report earnings Tuesday. The post Warren Buffett Loves His Occidental Petroleum; Analysts Call For Q1 Stumble appeared first on Investor's Business Daily.

Warren Buffett Loves His Occidental Petroleum; Analysts Call For Q1 Stumble

Occidental Petroleum Corporation  (NYSE:OXY) stock is down 2.1% to trade at $59.42 at last check, after Warren Buffett dispelled rumors that Berkshire Hathaway (BRK.A) had plans to buy the oil concern.

Oil Stock Slumps After Buffet Dispels Buyout Rumors

Airbnb

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Rivian Automotive

In the first half-hour of Monday's trading, the Dow Jones industrials were down 0.12%, the S&P 500 down 0.13% and the Nasdaq 0.33% lower.

Earnings Previews: Affirm, Airbnb, Luminar, Occidental Petroleum, Rivian

Berkshire Hathaway Inc (NYSE:BRK.A) announced that its first-quarter 2023 operating profit after taxes rose 12.6% to $8.1 billion on higher investment income and a rebound in its insurance business. Operating earnings are the profit left after costs from a business' core operations are removed.

Berkshire Hathaway sees 1Q profit climb; Buffett says no plans to takeover Occidental Petroleum

Occidental Petroleum (NYSE: OXY ) stock is in the news Monday after investor Warren Buffett said he doesn't intend to acquire the U.S. oil company. During a recent shareholder meeting, Warren Buffett told investors that Berkshire Hathaway (NYSE: BRK-A ,NYSE: BRK-B ) has no intention of acquiring Occidental Petroleum.

OXY Stock Alert: Warren Buffett Says He Won't Acquire Occidental Petroleum

Warren Buffett ended speculation that Berkshire Hathaway would acquire Occidental Petroleum. Berkshire Hathaway had been gobbling up shares of Occidental Petroleum.

Warren Buffett Isn't Acquiring Occidental Petroleum. Time to Sell?

Shares of Occidental Petroleum (NYSE: OXY) are down over 1% in premarket trading Monday after Warren Buffett said on May 6 that Berkshire Hathaway does not plan to take full control of the US oil giant.

Occidental down in premarket as Buffett downplays takeover rumors

A massive stream of passive income is one reason the Oracle of Omaha has vastly outperformed Wall Street for nearly six decades. Apple and Bank of America are Berkshire Hathaway's largest holdings by market value, but they're not the top income stocks in Buffett's portfolio.

News for Occidental Petroleum Stock (OXY)