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 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

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.

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There's a reason Bank of America shares are still performing well even when it seems as if they shouldn't be. Contrary to a common assumption based on brief looks, Occidental Petroleum isn't just another oil and gas explorer.

2 Warren Buffett Stocks to Buy Hand Over Fist in June, and 1 to Avoid

If you had bought shares in Occidental Petroleum in June last year, the company's share price was lurking just south of the $60 mark at around $57. Twelve months down the road, the price is currently just north of $60 at around $61.

Occidental Shares Have Been Flat In 2024 But Warren Buffett Just Keeps Buying

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Investors continue to look for the market to broaden before jumping in. They may be waiting awhile.

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Although traders continue to be laser-focused on hyper-growth stocks for substantial gains, astute investors also love dividend holding stocks. While growth stocks offer high rewards, most of them come with higher risks.

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For years, the technology giant Apple (NASDAQ: AAPL) has been the single biggest holding in the portfolio of the legendary investor Warren Buffett.

This might be Warren Buffett's new favorite stock

Shares of Occidental Petroleum (OXY) edged higher Tuesday as Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) bought up even more of the stock, boosting its stake in the energy firm to almost 29%.

Warren Buffett's Berkshire Hathaway Boosts Occidental Petroleum Stake to Almost 29%

When legendary investor Warren Buffett is exceptionally bullish about a market opportunity, Wall Street listens. That's why the spotlight is currently on hydrocarbon exploration and production specialist Occidental Petroleum (NYSE: OXY ).

Warren Buffett Now Has an Almost 29% Stake in Occidental Petroleum (OXY) Stock

The typical advice in the financial market is to never blindly follow a whale investor like Warren Buffett. However, these investors' reverse-engineering investment decisions can often prove helpful.

Occidental Stock: Buffett's 9-Day Buying Spree Lifts Stake to 29%

Warren Buffett's investment firm Berkshire Hathaway has purchased additional shares of Occidental Petroleum Corp (NYSE:OXY) this month bringing its stake in the Houston-based oil and gas producer to nearly 29%. Regulatory filings showed the firm purchased shares worth about $176 million in shares since last Thursday.

Warren Buffett's Berkshire Hathaway ups stake in Occidental Petroleum

Warren Buffett's Berkshire Hathaway has been on a buying spree, accumulating shares of Occidental Petroleum (NYSE: OXY). Over the past month alone, Berkshire has invested a staggering $434.82 million in Occidental, bringing its stake in the oil company to nearly 29%.

Occidental Petroleum stock: Why is it declining despite Berkshire's continuous buying?

Warren Buffett is once more buying up shares of Occidental Petroleum with oil prices advancing above $80 per barrel for the first time since April.

Warren Buffett Adds To His Favorite Energy Bet As Oil Prices Eke Above $80

The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday.

Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

Apple

Berkshire Hathaway is a legendary money-making machine with over three million individual shareholders, created by Warren Buffett and Charlie Munger. Recent underperformance against the S&P 500 is unfounded with news of additional investment in OXY and exuberance around AAPL shares. The Company faces criticism for investing in fossil fuels, but the industry outlook remains brighter than the doomsday scenario forecasted by some investors.

Berkshire Hathaway: Additional Exposure To Occidental Petroleum And Apple's Venture Into AI Should Lift Shares

Billionaire Warren Buffett's Berkshire Hathaway Inc acquired another 2.95 million shares in Occidental Petroleum , a regulatory filing showed, bringing his stake in the U.S. oil producer's common stock to nearly 29%.

Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%

Berkshire Hathaway CEO Warren Buffett appears to be taking advantage of the weakness in energy stocks to boost his holding.

Berkshire Buys More Occidental Stock; Holds 29% Stake Worth Over $15 Billion

Occidental Petroleum is embracing the green revolution for future profitability. Berkshire Hathaway has partnered with Occidental for lithium production. Occidental is focusing on growth projects and potential acquisitions for long-term success.

Occidental Petroleum Is Turning Green

24/7 Insights Warren Buffett has purchased more of his favorite energy stock.

Big Warren Buffett Purchase Highlights Recent Insider Buying

Occidental Petroleum (OXY) reachead $59.80 at the closing of the latest trading day, reflecting a -0.83% change compared to its last close.

Occidental Petroleum (OXY) Stock Declines While Market Improves: Some Information for Investors

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In the last 12 months, crude oil had a breakout above $85 in two instances. However, on both occasions, black gold has pulled back below $80 per barrel.

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Warren Buffett's Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) first bought shares of Occidental Petroleum (NYSE: OXY ) during the third quarter of 2019 before completely selling out in Q2 2020. However, the “Oracle of Omaha” had a change of heart, as he bought back a position in the energy company during Q1 2022.

Warren Buffett Keeps Doubling Down on Occidental Petroleum (OXY) Stock

As the stock trades of Warren Buffett have become the stuff of legend, the Oracle of Omaha does not shy away from insider trades, buying up massive amounts of stock in companies where he already has a substantial stake, including Occidental Petroleum (NYSE: OXY).

Massive insider trade: Warren Buffett's $100M bet on this stock

Options traders are known as either the smartest of the bunch out there or the most willing to take on increased risks. When someone buys an option – particularly a call option – that person is betting on the direction of a particular stock and the timing upon which that stock will reach a specific price.

Buffett Boosts Stake, Triggers Options Boom in Occidental Stock

Occidental Petroleum has materially improved its balance sheet in recent years, allowing it to return to dividend growth. The company appears focused on expanding its business to better compete with larger integrated energy giants.

Is Occidental Petroleum the Best Dividend Stock for You?

Exxon Mobil

Elevated oil and gas prices helped industry operators pay down debt and solidify their balance sheets. ExxonMobil operates across the value chain and provides a reliable dividend that has grown for 41 consecutive years.

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It's no surprise that trading alongside other investors facilitates confidence. After all, there's safety in numbers.

News for Occidental Petroleum Stock (OXY)