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.

First Trust Nasdaq Oil & Gas ETF

John Hancock Multifactor Energy ETF

Invesco Dynamic Energy Exploration & Production ETF

Invesco S&P 500 Equal Weight Energy ETF

Energy Select Sector SPDR Fund

Warren Buffett has been showing strong bullishness over the integrated oil and gas company.

Following Buffett? Buy Occidental ETFs

ConocoPhillips

Warren Buffett's favorite oil stock is looking toward the future of energy.

What Does Occidental Petroleum Have That ConocoPhillips Doesn't?

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If any investor has stood the test of time, it is Warren Buffett. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world.

Warren Buffet Adds Big to Oil Positions: 7 Dividend Energy Stocks to Grab Now Before Prices Explode

Occidental Petroleum is gaining from investor interest following news of Buffett's FERC approval to increase his stake to 50%. We don't think Occidental Petroleum will stop there and detail reasons why in this article.

Occidental Petroleum: The Oracle Busts A Move

Occidental Petroleum stock has been rising steadily all year. OXY's unusually smooth rise has likely been due to Warren Buffett's consistent buying (along with buying by those betting on his eventual takeover).

Occidental Petroleum: The Next Merger Arbitrage Play?

We discuss Buffett's acquisition of OXY stock and recap Occidental Petroleum's Q2 2022 earnings. We surmise he'd be interested in OXY to bolster his supply chain of raw materials for the Berkshire conglomerate.

Protecting Life's Work: Buffett's Acquisition Of Occidental Petroleum

Diamondback Energy

Most oil dividend stocks jumped alongside crude oil prices, but one company could head even higher.

Why Occidental Petroleum, Devon Energy, and Diamondback Energy Stocks Surged Today

With an astonishing track record, it's no wonder why Buffett's portfolio is heavily tracked by amateurs and professionals alike.

The Oracle of Omaha's Top Stock Pick is Breaking Out

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Weber

As the major equity indices clawed out of their recent doldrums, so-called Reddit stocks — particularly those with meme-ish qualities — joined in on the optimism. While social media-driven investments dominated headlines throughout 2021, this year, they grabbed the spotlight for less-than-favorable reasons.

7 Reddit Stocks to Watch as Memes Regain Momentum

Shares in Occidental Petroleum have seen significant attention recently with Warren Buffett receiving approval to dramatically increase his stake. The extent that he exercises this right remains uncertain but regardless, he clearly sees value in their shares and wishes to acquire more.

Occidental Petroleum: Buffett Will Not Get My Shares This Cheap

Activision Blizzard

McKesson

Warren Buffett likes to talk about buying more S&P 500 stocks when they're cheaper. But it turns out he's human, too.

Warren Buffett Boldly Loads Up On 4 Of His Best Stocks

Occidental Petroleum Corporation (NYSE: OXY) opened lower on Monday after a big bullish day on Friday saw the stock rally almost 10% off Thursday's closing price.

A Look At Occidental Petroleum After Warren Buffett's Berkshire Hathaway Ups Interest In Stock

Occidental Petroleum Corporation (NYSE:OXY) has returned 129.52% year to date. Rising crude prices have largely fueled the YTD rally despite stock markets remaining depressed.

Occidental Petroleum on the verge of breakout as Berkshire gears for a 50% stake

"This would not be the first time Berkshire Hathaway has publicly made a call on oil prices: but its track record has not always worked out so well."

Investors should avoid Occidental Petroleum as Warren Buffett's move could mirror his soured 2008 bet on ConocoPhillips, Bank of America says

Source: Oil and Gas Photographer / Shutterstock.com Occidental Petroleum (NYSE: OXY ) stock has seen strong interest from Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) lately. Just this past week, U.S. regulators approved Berkshire to purchase up to 50% of outstanding OXY stock.

Why Is Occidental Petroleum (OXY) Stock in the Spotlight Today?

Occidental Petroleum's share price skyrocketed on the announcement that Berkshire Hathaway can purchase 10%. We expect that makes Occidental Petroleum overvalued, Berkshire Hathaway has clearly proven its views on fair value.

Ignore Occidental Petroleum's Berkshire Boost

At the end of last week, shares in the oil explorer and producer Occidental Petroleum ( OXY , Financial) jumped after the Federal Energy Regulatory Commission approved a request from Warren Buffett (Trades, Portfolio) to increase Berkshire Hathaway's ( BRK.A , Financial) ( BRK.B , Financial) position in the stock to as much as 50%.

Why Buffett Might Want to Keep Buying Occidental

Buffett's Berkshire Hathaway has built a 20% stake in Occidental, but it may want a better price for the rest of the oil-and-gas company.

Warren Buffett gets the green light to buy 50% of Occidental Petroleum - but he's unlikely to pursue a full takeover for now

United States Steel

Suppose you run a successful food-delivery business. Two years ago you spent $1 million on a fleet of a dozen new trucks.

Occidental Petroleum and US Steel Look Good on Cash Flow

Investors are following Buffett into Occidental Petroleum stock. Other oil and gas companies trade at more compelling valuations.

Buffett Buying Occidental: Other Oil Stocks Are More Compelling, Lessons From Buffett's Railroad Buy

Occidental Petroleum Corporation   (NYSE:OXY ) is taking a breather this morning, with the shares last seen trading 3% lower at $69.14.

Oil Stock Takes a Breather After Friday's Buffett Bounce

Occidental Petroleum isn't your average oil company.

Is Warren Buffett Making a Prediction About the Future of Energy?

Berkshire Hathaway got approval from the Federal Energy Regulatory Commission on Friday to acquire up to 50% of Occidental Petroleum. The approval creates a potent catalyst for shares of Occidental Petroleum.

Occidental Petroleum: FERC Approval Is A Game-Changer

Warren Buffett's bid to boost his big stake in Occidental Petroleum Corp. even further isn't expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionaire, at least for now.

Warren Buffett not expected to vie for control of Occidental Petroleum

Why Occidental is cheaper at a now higher price than it was in fiscal year 2020. No one has to buy a single Occidental common share in the future despite the announced agreement to allow Berkshire to acquire up to 50% of the outstanding shares.

News for Occidental Petroleum Stock (OXY)