Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Common-Size Income Statement
Quarterly Data

Occidental Petroleum Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Interest, dividends and other income 0.84 0.50 0.60 0.45 0.70 0.42 0.40 0.38 0.39 0.34 0.59 0.30 0.27 0.82 1.42 0.72 0.51 1.13 0.51 0.67 0.98 0.93 1.95
Gains (losses) on sales of assets and other, net -1.10 0.41 -0.02 4.53 2.68 0.01 0.06 0.92 0.79 0.22 1.62 0.92 0.07 0.05 2.10 -20.24 -20.59 0.51 0.11 7.51 2.25 0.34 0.17
Revenues and other income 99.74% 100.91% 100.59% 104.98% 103.38% 100.43% 100.46% 101.30% 101.18% 100.55% 102.20% 101.23% 100.34% 100.87% 103.51% 80.48% 79.92% 101.64% 100.62% 108.18% 103.24% 101.27% 102.12%
Oil and gas operating expense -16.83 -17.29 -19.43 -17.81 -16.61 -16.86 -14.96 -13.42 -11.25 -9.41 -10.35 -10.65 -12.21 -11.95 -14.66 -17.04 -15.97 -21.55 -16.17 -14.68 -16.92 -16.22 -16.11
Transportation and gathering expense -5.67 -5.94 -5.91 -5.01 -5.07 -5.60 -5.31 -4.70 -4.03 -3.41 -4.16 -4.63 -5.30 -6.11 -6.22 -7.81 -8.35 -12.53 -8.54 -5.41 -3.82 -0.75 -0.77
Chemical and midstream cost of sales -11.24 -12.04 -12.42 -12.52 -9.53 -11.80 -10.31 -9.55 -8.89 -7.82 -9.80 -9.74 -10.76 -11.35 -11.22 -14.45 -15.04 -19.71 -9.25 -11.86 -13.03 -14.39 -16.71
Purchased commodities -1.16 -1.31 -1.44 -6.99 -7.26 -7.31 -6.89 -8.03 -8.36 -9.66 -9.71 -8.53 -8.66 -8.17 -10.54 -10.94 -8.11 -7.31 -5.94 -7.04 -7.75 -9.75 -9.12
Selling, general and administrative expenses -3.74 -3.80 -4.33 -4.28 -3.60 -4.13 -3.34 -3.14 -2.63 -2.29 -2.35 -3.54 -3.53 -2.97 -3.14 -5.02 -4.04 -7.68 -3.99 -5.36 -4.26 -3.69 -3.50
Other operating and non-operating expense -4.66 -5.05 -6.86 -6.11 -4.58 -0.15 -4.26 -4.40 -3.40 -2.73 -3.58 -3.83 -3.77 -4.16 -4.87 -8.22 -5.62 -3.89 -2.98 -8.98 -6.38 -5.88 -5.94
Taxes other than on income -3.57 -3.89 -3.93 -3.14 -4.05 -3.97 -4.24 -4.38 -4.55 -3.99 -4.01 -3.31 -4.26 -4.10 -3.97 -3.58 -4.38 -2.32 -3.40 -4.38 -3.48 -2.78 -2.77
Depreciation, depletion and amortization -26.85 -26.04 -28.33 -24.02 -23.92 -25.50 -23.82 -22.13 -18.49 -16.19 -19.68 -24.85 -28.21 -39.80 -41.45 -42.16 -46.62 -72.37 -34.92 -36.15 -30.00 -23.33 -24.30
Asset impairments and other charges -0.29 0.00 0.00 0.00 0.00 -3.12 0.00 0.00 0.00 0.00 0.00 -1.66 -0.25 -0.35 -2.55 -2.09 -66.29 -220.97 -27.26 -16.49 -5.71 0.00 0.00
Acquisition-related costs -0.68 -0.21 -0.20 -0.36 0.00 0.00 0.00 -0.09 -0.04 -0.12 -0.78 -0.39 -0.43 -0.87 -0.77 -0.89 -0.12 -5.09 -2.24 -10.71 -16.25 -1.13 0.00
Exploration expense -0.79 -1.22 -1.10 -1.56 -1.75 -1.52 -1.41 -1.44 -0.50 -0.24 -0.30 -1.35 -0.46 -1.44 -0.53 -0.79 -0.71 -1.13 -0.56 -1.78 -1.11 -0.79 -0.90
Operating income (loss) 24.26% 24.13% 16.62% 23.19% 27.00% 20.47% 25.91% 30.03% 39.05% 44.70% 37.49% 28.75% 22.51% 9.60% 3.59% -32.52% -95.33% -272.92% -14.64% -14.66% -5.47% 22.56% 22.00%
Interest and debt expense, net -4.35 -3.70 -4.75 -3.44 -3.21 -3.43 -3.29 -3.16 -3.04 -1.07 -4.44 -4.87 -6.61 -6.46 -7.46 -9.83 -8.59 -10.59 -5.32 -6.91 -6.70 -3.46 -2.45
Income (loss) before income taxes and other items 19.91% 20.43% 11.87% 19.74% 23.79% 17.04% 22.62% 26.86% 36.02% 43.63% 33.05% 23.88% 15.90% 3.14% -3.87% -42.36% -103.92% -283.50% -19.96% -21.57% -12.17% 19.10% 19.56%
Gains (losses) on interest rate swaps, net 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.18 0.75 1.19 1.62 -0.35 -0.38 -3.74 7.54 3.61 2.14 -2.60 -8.85 4.23 -0.58 0.00 0.00
Income (loss) from equity investments and other 2.31 3.55 5.04 1.99 1.48 2.76 1.38 2.52 2.09 1.88 2.26 2.12 2.40 3.00 2.29 4.50 2.99 6.59 -2.01 1.58 1.83 2.19 1.82
Other items 2.31% 3.55% 5.04% 1.99% 1.48% 2.76% 1.38% 2.34% 2.83% 3.07% 3.88% 1.77% 2.02% -0.74% 9.82% 8.10% 5.14% 4.00% -10.86% 5.81% 1.25% 2.19% 1.82%
Income (loss) from before income taxes 22.22% 23.98% 16.90% 21.74% 25.27% 19.80% 24.00% 29.20% 38.85% 46.70% 36.93% 25.65% 17.92% 2.40% 5.95% -34.25% -98.78% -279.51% -30.82% -15.76% -10.92% 21.29% 21.38%
Income tax (expense) benefit -6.33 -6.82 -5.09 -5.03 -6.06 -6.97 -6.52 -5.75 -9.61 -11.53 21.48 -5.93 -5.70 -0.72 -0.30 6.63 9.81 50.14 0.38 -0.73 -2.04 -6.92 -5.62
Income (loss) from continuing operations 15.89% 17.16% 11.82% 16.70% 19.21% 12.83% 17.48% 23.45% 29.24% 35.17% 58.40% 19.73% 12.22% 1.68% 5.65% -27.62% -88.97% -229.37% -30.44% -16.49% -12.96% 14.37% 15.76%
Discontinued operations, net of taxes 0.00 0.00 3.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.30 -0.03 0.05 -8.41 0.89 1.95 -48.33 0.00 0.00 -0.26 0.00 0.00
Net income (loss) 15.89% 17.16% 14.86% 16.70% 19.21% 12.83% 17.48% 23.45% 29.24% 35.17% 58.40% 19.42% 12.19% 1.73% -2.76% -26.73% -87.03% -277.70% -30.44% -16.49% -13.22% 14.37% 15.76%
Net income attributable to noncontrolling interests -0.10 -0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.64 -0.74 0.00 0.00
Net income (loss) attributable to Occidental 15.80% 17.05% 14.86% 16.70% 19.21% 12.83% 17.48% 23.45% 29.24% 35.17% 58.40% 19.42% 12.19% 1.73% -2.76% -26.73% -87.03% -277.70% -30.44% -18.13% -13.96% 14.37% 15.76%
Preferred stock dividends and redemption premiums -2.36 -2.49 -2.85 -2.36 -3.06 -3.80 -3.88 -2.43 -2.13 -1.87 -2.40 -2.53 -2.94 -3.36 -3.78 -4.81 -4.94 -7.58 -3.31 -3.18 -2.07 0.00 0.00
Net income (loss) attributable to common stockholders 13.44% 14.55% 12.02% 14.35% 16.15% 9.03% 13.61% 21.01% 27.11% 33.30% 56.01% 16.90% 9.25% -1.63% -6.54% -31.54% -91.97% -285.28% -33.75% -21.31% -16.04% 14.37% 15.76%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) from 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 before income taxes as a percentage of net sales increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.