Stock Analysis on Net
Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

$24.99

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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Occidental Petroleum Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net sales
Interest, dividends and other income
Gains (losses) on sales of assets and other, net
Revenues and other income
Oil and gas lease operating expense
Transportation and gathering expense
Chemical and midstream cost of sales
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
Acquisition-related costs
Exploration expense
Operating income (loss)
Interest and debt expense, net
Income (loss) before income taxes and other items
Gains (losses) on interest rate swaps, net
Income from equity investments and other
Other items
Income (loss) from continuing operations before income taxes
Income tax (expense) benefit
Income (loss) from continuing operations
Loss from discontinued operations, net of tax
Net income (loss)
Net income attributable to noncontrolling interest
Net income (loss) attributable to Occidental
Preferred stock dividends and redemption premiums
Net income (loss) attributable to common stockholders

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
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Occidental Petroleum Corp. net sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Occidental Petroleum Corp. operating income (loss) 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 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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.