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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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.

DaVita

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In August, Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) became the first non-tech U.S.

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Occidental Petroleum's latest acquisition should hugely improve its financials. That should allow the company to boost its dividends further.

Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Occidental Stock.

Warren Buffett's Berkshire Hathaway owns 255 million shares in the oil and gas company. Declining oil prices have weighed on companies in the sector over the last year.

Is Occidental Petroleum Stock a Buy?

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Buffett initiated two new positions for Berkshire Hathaway in Q2 and added to its stake in five other stocks. Value investors might find several of these stocks attractive.

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Phillips 66

Several oil companies including Exxon Mobil and Chevron on Monday defeated an appeal by consumers who accused them of colluding with former President Donald Trump's administration, Russia and Saudi Arabia to cut oil production, boosting prices at the pump.

Big oil companies defeat US consumer lawsuit over production, prices

Occidental Petroleum is getting some funding to help accelerate the development of its next carbon capture facility. The company has already started building and commercializing its first facility.

Occidental Petroleum Is Getting Up to $650 Million to Accelerate Its Ability to Capture This Potentially $5 Trillion Market Opportunity

Dividend stocks have been something of an unsung hero for Warren Buffett's company. Nearly 174 million shares of Bank of America stock have been sold by Buffett since July 17, which means it's no longer Berkshire Hathaway's top income-generating holding.

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Occidental Petroleum stock has weakened considerably as it lost the $55 support zone. The lack of recent purchases from Warren Buffett didn't help matters, as OXY's bullish thesis was threatened. Occidental's integration of CrownRock's assets will be scrutinized. Potential delays could impact near-term sentiments.

Occidental Petroleum: Stay Calm And Continue Buying

OXY trades at ~$51, with a target of $60, reflecting an 18% upside, anchored by Fibonacci resistance levels. An RSI of 27.46 signals oversold conditions, potentially undervaluing OXY; no immediate reversal is expected due to bearish sentiment. Occidental achieved record production in Q2 2024, with $1.3 billion in free cash flow before working capital adjustments.

Has OXY Finally Hit The Bottom?

Warren Buffett has watched his company grow into a trillion-dollar business. Despite being a proponent of the U.S. economy and preaching a long-term ethos, Buffett has sold more stock than he's purchased for Berkshire Hathaway since the start of the fourth quarter in 2022.

Warren Buffett Has Been a Net-Seller of Stocks to the Tune of $132 Billion Since October 2022 -- But He Can't Stop Buying These 2 Stocks

Occidental Petroleum recently declined to multi-year lows when oil prices fell below $70. Current oil prices are the lowest seen since 2021. Most signs (output, demand and others) indicate that if a recession doesn't happen soon, then oil prices will rise.

Occidental Petroleum: I'd Be A Buyer Here

Despite weak momentum and bearish technicals, I maintain a buy rating on Occidental Petroleum due to strong fundamentals, high cash flow, and favorable earnings outlook. OXY's Q2 results beat expectations, with EPS of $1.03 and revenue of $6.88 billion, leading to several Wall Street upgrades. Risks include falling oil prices, a strong dollar, rising labor costs, and potential interest rate increases, but OXY's dividend and cash flow yield remain attractive.

Occidental Petroleum: Shares Beaten Down, Offer A Compelling Value

Occidental Petroleum's carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy's Office of Clean Energy Demonstrations has committed up to $500 million to support the development of its South Texas Direct Air Capture (DAC) Hub.

Occidental's 1PointFive secures funding of up to $500 mln from US DOE

HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub.

1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding

Occidental Petroleum (OXY) closed the most recent trading day at $50.66, moving -1.42% from the previous trading session.

Occidental Petroleum (OXY) Stock Drops Despite Market Gains: Important Facts to Note

The energy sector has experienced a significant pullback in recent months, which could present compelling buying opportunities for value investors. While the sector remains up 2.59% year-to-date, it's far off the double-digit gains it saw earlier in the year.

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Occidental Petroleum (NYSE: OXY) stock price is falling apart. It has crashed in the last four consecutive weeks, moving to its lowest level since April 2022.

Occidental (OXY): Warren Buffett's top oil stock gets oversold

Warren Buffett sold a major slice of Berkshire Hathaway's Apple position in Q2. He bought shares of Occidental Petroleum and Ulta Beauty.

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Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search Occidental Petroleum Corporation (OXY): Here is What You Need to Know

Even after one of Wall Street's best investors, Warren Buffett bought up to 29% of Occidental Petroleum Co. NYSE: OXY, the stock has been downward and now trades at a new 52-week low. Has the Oracle of Omaha lost his touch?

Why Analysts See Big Upside for Occidental Petroleum Despite Lows

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News for Occidental Petroleum Stock (OXY)