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.

Crestwood Equity Partners

Dorchester Minerals

Enbridge

Energy Transfer LP Unit

Martin Midstream Partners

NGL Energy Partners

Plains All American Pipeline

Pembina Pipeline

Summit Midstream Partners LP

Tellurian

Targa Resources

TC Energy

Viper Energy Partners LP

Western Gas Partners

Energy Select Sector SPDR Fund

Strong commodity prices caused gathering and processing and royalty trust equities to outperform. Fourth quarter energy sector earnings are coming in strong.

Energy Income Weekly: Strong Fundamentals Continue To Drive Equity Outperformance

Shares of Occidental Petroleum Corp. OXY, +1.90% rallied 1.8% in afternoon trading Tuesday, after Warren Buffett's Berkshire Hathaway Inc. BRK.B, -0.77% BRK.A, -0.55% disclosed that it increased its stake in the oil and gas company to 28.0%. In a 13G filing with the Securities and Exchange Commission, Berkshire said it owned 278.21 million shares of Occidental Petroleum, or 28.0% of the shares outstanding as of Dec. 31, which is about 83.86 million shares more than it owned at the end of the third quarter, according to the latest available 13F filing.

Occidental Petroleum stock surges after Warren Buffett's Berkshire Hathaway discloses boosting stake to 28%

Apple

Bank of America

Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) CEO Warren Buffett is undoubtedly one of the world's best investors. Accordingly, Warren Buffett stocks that are added to or divested of in a given quarter are ones that many pay close attention to.

3 Warren Buffett Stocks to Buy on Market Weakness in 2023

Occidental Petroleum (NYSE: OXY ) stock is on the rise Tuesday following an upgrade from Goldman Sachs. Goldman Sachs analyst Neil Mehta is behind today's upgrade, which bumps OXY stock from a “neutral” rating to a “buy” rating.

OXY Stock Alert: Occidental Petroleum Receives Goldman Sachs Upgrade

Occidental Petroleum Corp (NYSE:OXY) is buzzing this morning, after Goldman Sachs upgraded the oil company to "buy" from "neutral" with an $81 price target, calling the stock "underappreciated," after lagging behind its peers the past six months.

Analyst Calls Oil Stock "Underappreciated"

Oil and natural gas prices in Q4 2022 were significantly lower than in Q3 2022. Thus, I expect Occidental Petroleum Corporation's fourth-quarter financial results to be weaker than the previous quarter.

Occidental Petroleum: Higher Production Volumes And Lower Price Realizations

Occidental Petroleum is set to report Q4 earnings in coming weeks, and shares are still attractive despite a massive run over the last couple years. Berkshire Hathaway now owns over 20% of OXY's shares, with the authorization to increase their stake up to 50% ownership.

Occidental Petroleum: Good Risk-Reward In The Energy Sector

Occidental Petroleum has many fans among retail investors. OXY stock has a rather weak balance sheet which limits its shareholder return potential.

Occidental Petroleum: Getting Left In The Dust

Marathon Oil

Exxon Mobil

Investors assessing how various sectors will perform in 2023 certainly have their hands full. There are plenty of uncertainties to consider, from central bank-related macro concerns to geopolitical issues and a slowing global economy.

3 Top Energy Stocks With Impressive Upside Potential in 2023

Energy stocks have taken a backseat to the long-duration trade in 2023. Still, the sector remains the cheapest in the market and many big companies are generating strong free cash flow.

Occidental Petroleum: Share Buybacks And Free Cash Flow Should Attract Buyers

Axsome Therapeutics

Vertex Pharmaceuticals

These stocks could enjoy their own bull markets regardless of what the overall market does.

3 Stocks That Could Soar Whether There's a New Bull Market or Not

American Express

BYD Co Ltd

Chevron

Kraft Heinz

Coca-Cola

Moody's

Taiwan Semiconductor Manufacturing

Portfolio concentration is a big reason Berkshire Hathaway has handily outperformed Wall Street for nearly 60 years.

85% of Warren Buffett's $354 Billion Portfolio Is Invested in Just 10 Stocks

The market has gotten off to a hot start in 2023.

Warren Buffett Is Losing to the Stock Market in 2023. Here's How He Could Turn It Around.

Alerian MLP ETF

APA Corporation

ConocoPhillips

Crescent Energy

Coterra Energy

Devon Energy

EOG Resources

Evolution Petroleum

Earthstone Energy

Hess

Pioneer Natural Resources

Talos Energy Inc

SPDR S&P Oil & Gas Exploration & Production ETF

As oil and gas companies have shifted from survival to cash generation mode, their capital return strategies have come into focus. Some U.S. independents prioritize buybacks while others rely on dividends; few companies employ a mix of both strategies.

Buybacks Or Dividends? What Worked Better So Far

Antero Midstream Partners

Black Stone Minerals LP

Enterprise Products Partners

Energy stocks tumbled in a move that was disconnected from long-term commodity fundamentals. E&Ps were hit the hardest, while midstream was spared.

Energy Income Weekly: Caught In Macro Trade Crossfire

In this article, I discuss why Warren Buffett decided to buy exactly Occidental Petroleum over everything else. I think Buffett likes OXY's growth opportunity due to its size and geography of operations.

This Is Why Buffett Chose Occidental Petroleum

Amazon

Jefferies Financial Group Inc

Louisiana-Pacific

Paramount Global

Snowflake

SPDR S&P 500 ETF Trust

StoneCo

Berkshire Hathaway is the ultimate Warren Buffett stock. It is near an entry but is it a good buy?

The Ultimate Warren Buffett Stock Is Near A Buy Point, But Should You Buy It?

Halliburton

Valvoline

Bolstered by high prices and soaring demand, oil and gas majors are expected to break their annual earnings records. On Tuesday, Exxon Mobil Corp. ( XOM , Financial) did just that when it posted a $56 billion profit for 2022.

5 Energy Stocks Gurus Are Drilling Into

Portfolio concentration has been a big key to Berkshire Hathaway's ongoing outperformance.

80% of Warren Buffett's Portfolio Is Invested in These 7 Stocks

News for Occidental Petroleum Stock (OXY)