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

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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.

Berkshire Hathaway holds a significant stake in Occidental Petroleum and in this analysis, I examine my top three reasons for buying OXY. Warren Buffett has stated that Berkshire will not make an offer for control of OXY, but they may still increase their stake through buybacks, warrants, or open market purchases. Even if Berkshire won't buy OXY outright, you could still benefit from holding the stock long-term alongside Buffett.

Occidental Petroleum: Strong Free Cash Flow And Growth Opportunities Ahead

Occidental (OXY) reported earnings 30 days ago. What's next for the stock?

Occidental (OXY) Up 5.6% Since Last Earnings Report: Can It Continue?

This is an update to an earlier article I published in Oct 2022 on Occidental Petroleum. In that article, I argued for a bullish thesis and suggested a backdoor to buy Occidental through Berkshire at large discounts. This update is triggered by two changes. First, the outlook of Occidental has changed and caused its valuation to increase dramatically.

Occidental Petroleum: Berkshire Buys More At A Higher P/E (Rating Downgrade)

Chevron

General Motors

Warren Buffett stocks are on the rise, and many think that the Oracle of Omaha is back. After weathering a stormy market and making some eyebrow-raising moves, including panic selling his 10% stake in Delta (NYSE: DAL ), United (NASDAQ: UAL ), American (NASDAQ: AAL ) and Southwest (NYSE: LUV ), his mammoth conglomerate Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) is up nearly 7% since January.

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NextEra Energy

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Warren Buffett's Berkshire Hathaway has been increasing its stake in Occidental Petroleum, signaling a bullish outlook on the energy sector. The energy sector enjoys several strong and sustainable tailwinds right now. We share some of our top high yield energy picks.

Warren Buffett Is Buying Energy Hand-Over-Fist: Our Top Picks

Apple

Coca-Cola

One of his purchases has gained widespread attention over the last year. And interestingly enough, he keeps buying.

Invest Like Warren Buffett With These 3 Stocks

Berkshire Hathaway Inc. (Warren Buffett) has announced they don't want to own all of Occidental Petroleum Corporation. They clearly have a price at which they're a buyer, though. In addition to Buffett, Occidental Petroleum's own repurchase of their shares makes for two very large customers in the market, both very interested at current prices. Occidental Petroleum Corporation has some highly profitable operations, making it a valuable long-term investment.

It Doesn't Matter If Warren Buffett Doesn't Want To Buy Occidental Petroleum

Having already boosted his Occidental Petroleum Corp. ( OXY , Financial) stake twice in May, Warren Buffett (Trades, Portfolio) revealed on Tuesday his firm increased the position once again, buying $275 million worth of shares.

Buffett's Berkshire Continues to Drill Into Occidental

Shell PLC

TotalEnergies SE

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 Buffett Continues to Load Up on Energy: 5 Cheap Global Integrated Oil Mega-Caps With Huge Dividends

Buffett has continued to buy more shares of Occidental for Berkshire Hathaway. The legendary investor likes Occidental's CEO and business prospects.

Is Occidental Petroleum in Trouble? Warren Buffett Doesn't Think So.

Warren Buffett's Berkshire Hathaway bought more Occidental Petroleum stock amid an ongoing slide in oil prices. Buffett purchased $275 million worth of Occidental over the past week, boosting Berkshire's stake in the oil producer to 24.9%.

Warren Buffett's Berkshire Hathaway buys $275 million more Occidental Petroleum stock amid ongoing slide in oil prices

Occidental's (OXY) increasing investment and Permian Basin focus are likely to have a positive impact on earnings. However, stringent regulation and the impact of inflation on construction materials are concerns.

Occidental (OXY) Gains From Investments & Permian Exposure

Warren Buffett bought 4.66 million OXY shares for about $275 million over May 25-30. Berkshire Hathaway now owns 24.9% Occidental Petroleum.

Warren Buffett Is Buying More Occidental Petroleum Stock As Oil Prices Near 2023 Lows

Warren Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum Corp. to about 25% over the past week.

Warren Buffett's Berkshire Hathaway boosts stake in Occidental Petroleum to about 25%

Berkshire Hathaway bought 4.7 million shares in recent days and now owns 222 million shares of the energy company worth $13 billion.

Berkshire Owns About 25% of Occidental After Fresh Buys

Altria

Verizon

For many investors, high-yield dividend stocks aren't the place to be as these companies tend to carry higher risk. This is either because the market is concerned about dividend cuts or it simply doesn't like the outlook.

3 High-Yield Dividend Stocks Billionaires Are Loading Up On

Ally Financial

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Citigroup

Capital One

Globe Life Inc

Jefferies Financial Group Inc

Johnson & Johnson

Kraft Heinz

Kroger

Louisiana-Pacific

Mondelez

Paramount Global

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This Buffett holdings list from Kiplinger first appeared 5/20/23 online. YCharts and Dogs of The Dow both track this Buffett/Berkshire batch. Here is your update from 5/25/23 YCharts data. 32 of 48 current Berkshire Hathaway-owned-stocks pay dividends. As of 5/25/23, the top-ten ranged 3.08%-9.05% by annual yield and 46 of 48 ranged -4.21% to 65.10% per broker-estimated target-price-upsides. Analyst-augured top-ten net gains from Buffett's May dividend dogs ranged 17.94%-52.22% from JNJ, GL, CE, KHC, CVX, ALLY, C, BAC, PARA, and top pick GM per YCharts data.

Buy 8 May Buffett Dividend Dogs And Watch 7

Devon Energy

Halliburton

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With summer just around the corner, it's time to look at some of the top energy stocks to own now. For one, we have driving season ahead of us, with AAA predicting Memorial Day weekend will be the third busiest auto travel time since 2000.

7 Energy Stocks to Charge Up Your Portfolio This Summer

Marathon Oil

Oil prices appear poised to rally. That would enable Devon Energy, Occidental Petroleum, and Marathon Oil to buy back more of their attractively-priced stock.

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American Express

Buffett has overseen a nearly 4,100,000% return in Berkshire Hathaway's Class A shares (BRK.A) since becoming CEO in 1965. Portfolio concentration is a key reason Berkshire Hathaway has outperformed for more than a half-century.

84% of Warren Buffett's Portfolio Is Invested in These 7 Stocks

Restaurant Brands

Intelligent retail investors embrace long-term investing as a powerful strategy to grow their wealth. Rather than attempting to time the market, they prioritize “time in the market” and make informed investment choices based on their own preferences, not relying on rumors or speculation.

3 Long-Term Stocks That You Can Hold for the Long Haul

The price of oil has declined significantly since last summer when it hit a multi-year high of $122 per barrel. Today, West Texas Intermediate (WTI) crude oil, the U.S. standard, is trading at $74 a barrel.

News for Occidental Petroleum Stock (OXY)