Stock Analysis on Net
Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Common-Size Income Statement 

Occidental Petroleum Corp., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net sales 100.00 100.00 100.00 100.00 100.00
Interest, dividends and other income 0.49 0.42 0.64 0.66 1.06
Gains (losses) on sales of assets and other, net 1.85 0.84 0.74 -9.35 3.05
Revenues and other income 102.34% 101.26% 101.38% 91.31% 104.11%
Oil and gas lease operating expense -16.55 -11.00 -12.17 -17.21 -15.92
Transportation and gathering expense -5.24 -4.03 -5.47 -8.98 -3.05
Chemical and midstream cost of sales -11.03 -8.93 -10.68 -13.52 -13.69
Purchased commodities -7.11 -8.97 -8.89 -7.83 -8.23
Selling, general and administrative -3.83 -2.58 -3.32 -4.85 -4.33
Other operating and non-operating expense -3.84 -3.47 -4.10 -4.96 -6.99
Taxes other than on income -3.85 -4.23 -3.87 -3.49 -3.47
Depreciation, depletion and amortization -24.29 -18.91 -32.54 -45.47 -29.33
Asset impairments and other charges -0.74 0.00 -1.17 -62.23 -6.67
Acquisition-related costs -0.09 -0.24 -0.59 -1.90 -8.08
Exploration expense -1.56 -0.59 -0.97 -0.74 -1.21
Operating income (loss) 24.21% 38.32% 17.59% -79.89% 3.17%
Interest and debt expense, net -3.34 -2.81 -6.22 -8.00 -5.23
Income (loss) before income taxes and other items 20.86% 35.51% 11.37% -87.89% -2.06%
Gains (losses) on interest rate swaps, net 0.00 0.87 0.47 -2.38 1.14
Income from equity investments and other 1.89 2.16 2.43 2.08 1.83
Other items 1.89% 3.03% 2.90% -0.30% 2.97%
Income (loss) from continuing operations before income taxes 22.75% 38.54% 14.27% -88.19% 0.91%
Income tax (expense) benefit -6.13 -2.22 -3.53 12.20 -3.40
Income (loss) from continuing operations 16.62% 36.32% 10.75% -75.99% -2.49%
Loss from discontinued operations, net of tax 0.00 0.00 -1.80 -7.29 -0.07
Net income (loss) 16.62% 36.32% 8.95% -83.28% -2.56%
Net income attributable to noncontrolling interest 0.00 0.00 0.00 0.00 -0.71
Net income (loss) attributable to Occidental 16.62% 36.32% 8.95% -83.28% -3.27%
Preferred stock dividends and redemption premiums -3.27 -2.18 -3.08 -4.74 -1.56
Net income (loss) attributable to common stockholders 13.35% 34.13% 5.86% -88.02% -4.83%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Occidental Petroleum Corp. operating income (loss) as a percentage of net sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Occidental Petroleum Corp. income (loss) from continuing operations before income taxes as a percentage of net sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income (loss) attributable to Occidental The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Occidental Petroleum Corp. net income (loss) attributable to Occidental as a percentage of net sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.