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

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Taxes other than on income

Depreciation, depletion and amortization

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Year over year growth in Revenue and Operating Expenses.

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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.

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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.

OXY has lost nearly 16% in a year, but investors can remain invested, given its strong Permian Basin and stable performance in the trailing 12 months.

Occidental Stock Dips 15.8% in a Year: How Should You Play?

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Canada's Warren Buffett Has 61% of His Portfolio in Just 3 Stocks

Buffett is betting big on Occidental Petroleum. If you're bullish on oil prices, this company belongs in your portfolio.

1 No-Brainer Oil Stock to Buy Right Now for Less Than $500

Occidental Petroleum (OXY) closed at $52.40 in the latest trading session, marking a +0.31% move from the prior day.

Occidental Petroleum (OXY) Outperforms Broader Market: What You Need to Know

Occidental Petroleum's recent stock dip makes it a compelling "Buy", especially given robust earnings and strong operational performance despite market turbulence. The CrownRock acquisition is expected to enhance Occidental's portfolio, boosting FCF and market position in shale with significant cost savings anticipated. I think OXY is currently undervalued based on next-year PEG and EV/EBITDA ratios, presenting an attractive investment opportunity.

Occidental: With Buffett Or Not, Buy The Dip

Occidental Petroleum (OXY) reachead $52.24 at the closing of the latest trading day, reflecting a +1.16% change compared to its last close.

Occidental Petroleum (OXY) Exceeds Market Returns: Some Facts to Consider

One of Buffett's favorite stocks over the last two years is now trading at the lowest price since Buffett started piling into the position. Despite the pullback in price, Buffett's not adding any more to his position, as the company faces some financial challenges.

This Warren Buffett Stock Just Hit Its Lowest Price in 2 Years. Why Isn't He Buying More?

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Lower oil prices are dragging down exploration and production companies. UPS, Toyota, and Estee Lauder are cyclical companies that are experiencing slowing growth.

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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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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.

News for Occidental Petroleum Stock (OXY)