Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Occidental Petroleum Corp., profitability ratios (quarterly data)

Microsoft Excel
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
Return on Sales
Operating profit margin 22.26% 22.99% 22.07% 24.21% 26.09% 29.74% 35.99% 38.32% 38.11% 34.71% 25.87% 17.59% 4.22% -23.09% -79.26% -79.89% -69.22% -47.38% -5.23% 3.17%
Net profit margin 16.14% 17.05% 16.00% 16.62% 18.51% 21.55% 27.29% 36.32% 35.55% 32.60% 25.31% 8.95% -1.47% -24.23% -78.62% -83.28% -74.55% -56.15% -14.39% -3.27%
Return on Investment
Return on equity (ROE) 12.63% 14.42% 14.02% 15.52% 18.51% 23.35% 32.79% 44.22% 44.97% 39.51% 29.49% 11.42% -1.73% -25.93% -70.84% -79.85% -74.81% -51.73% -10.58% -1.95%
Return on assets (ROA) 5.11% 6.07% 5.82% 6.35% 7.55% 9.55% 13.53% 18.32% 17.90% 14.82% 9.89% 3.09% -0.43% -5.92% -16.34% -18.52% -17.60% -13.50% -3.26% -0.61%

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).

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Occidental Petroleum Corp. operating profit margin ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Occidental Petroleum Corp. net profit margin ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Occidental Petroleum Corp. ROE improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.
ROA A profitability ratio calculated as net income divided by total assets. Occidental Petroleum Corp. ROA improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Operating Profit Margin

Occidental Petroleum Corp., operating profit margin calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Operating income (loss) 1,740 1,645 993 1,663 1,933 1,372 1,872 2,468 3,667 4,772 3,130 2,275 1,529 572 190 (1,353) (3,916) (7,991) (968) (921) (311) 997 881
Net sales 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613 6,282 5,687 4,420 4,004
Profitability Ratio
Operating profit margin1 22.26% 22.99% 22.07% 24.21% 26.09% 29.74% 35.99% 38.32% 38.11% 34.71% 25.87% 17.59% 4.22% -23.09% -79.26% -79.89% -69.22% -47.38% -5.23% 3.17%
Benchmarks
Operating Profit Margin, Competitors2
Chevron Corp. 13.22% 14.15% 14.73% 15.37% 18.06% 19.98% 21.92% 21.42% 21.03% 19.86% 16.73% 14.81% 11.53% 6.49% -7.90% -6.22% -13.16% -8.42% 5.08% 4.83%
ConocoPhillips 28.67% 29.76% 29.79% 30.57% 30.06% 31.80% 33.89% 36.80% 37.27% 37.07% 36.63% 29.84% 22.86% 14.26% 4.66% -12.74% 0.02% 16.39% 20.41% 32.04%
Exxon Mobil Corp. 14.99% 15.19% 15.03% 16.24% 17.15% 19.54% 21.37% 19.07% 18.60% 15.93% 12.25% 11.91% -2.07% -6.88% -12.46% -14.85% 3.17% 5.30% 7.05% 8.66%
Marathon Petroleum Corp. 5.67% 7.75% 8.37% 9.78% 11.10% 11.98% 13.67% 12.10% 10.70% 8.25% 4.29% 3.58% 2.84% 0.59% 0.18% -17.55% -14.23% -9.03% -6.15% 4.50%
Valero Energy Corp. 3.69% 5.68% 6.78% 8.19% 9.66% 9.47% 10.53% 8.90% 7.62% 6.36% 3.17% 1.87% 0.07% -1.54% 0.05% -2.43% 0.83% 2.43% 1.18% 3.54%

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).

1 Q3 2024 Calculation
Operating profit margin = 100 × (Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023) ÷ (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023)
= 100 × (1,740 + 1,645 + 993 + 1,663) ÷ (7,173 + 6,817 + 5,975 + 7,172) = 22.26%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Occidental Petroleum Corp. operating profit margin ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Net Profit Margin

Occidental Petroleum Corp., net profit margin calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Occidental 1,133 1,162 888 1,198 1,375 860 1,263 1,927 2,746 3,755 4,876 1,537 828 103 (146) (1,112) (3,575) (8,131) (2,013) (1,139) (794) 635 631
Net sales 7,173 6,817 5,975 7,172 7,158 6,702 7,225 8,219 9,390 10,676 8,349 7,913 6,792 5,958 5,293 4,160 4,108 2,928 6,613 6,282 5,687 4,420 4,004
Profitability Ratio
Net profit margin1 16.14% 17.05% 16.00% 16.62% 18.51% 21.55% 27.29% 36.32% 35.55% 32.60% 25.31% 8.95% -1.47% -24.23% -78.62% -83.28% -74.55% -56.15% -14.39% -3.27%
Benchmarks
Net Profit Margin, Competitors2
Chevron Corp. 8.60% 9.50% 10.43% 10.85% 12.57% 14.09% 15.41% 15.05% 15.05% 14.09% 11.60% 10.04% 7.36% 3.09% -8.10% -5.87% -11.02% -7.57% 2.86% 2.09%
ConocoPhillips 18.01% 18.93% 19.19% 19.52% 18.67% 19.37% 20.97% 23.80% 24.06% 24.34% 23.91% 17.63% 12.93% 6.33% 0.09% -14.38% -5.76% 9.43% 12.23% 22.07%
Exxon Mobil Corp. 9.92% 10.03% 9.90% 10.76% 11.01% 13.38% 14.87% 13.23% 13.41% 11.06% 8.40% 8.33% -2.45% -6.21% -10.55% -12.57% 1.70% 3.35% 4.57% 5.61%
Marathon Petroleum Corp. 3.19% 4.86% 5.40% 6.52% 7.60% 8.13% 9.41% 8.18% 6.92% 5.13% 8.00% 8.12% 9.01% 8.74% -1.19% -14.08% -11.66% -7.96% -5.59% 2.13%
Valero Energy Corp. 2.74% 4.25% 5.01% 6.10% 7.11% 6.96% 7.86% 6.54% 5.53% 4.54% 1.93% 0.82% -0.46% -1.69% -0.43% -2.19% 0.00% 1.22% 0.41% 2.24%

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).

1 Q3 2024 Calculation
Net profit margin = 100 × (Net income (loss) attributable to OccidentalQ3 2024 + Net income (loss) attributable to OccidentalQ2 2024 + Net income (loss) attributable to OccidentalQ1 2024 + Net income (loss) attributable to OccidentalQ4 2023) ÷ (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023)
= 100 × (1,133 + 1,162 + 888 + 1,198) ÷ (7,173 + 6,817 + 5,975 + 7,172) = 16.14%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Occidental Petroleum Corp. net profit margin ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Return on Equity (ROE)

Occidental Petroleum Corp., ROE calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Occidental 1,133 1,162 888 1,198 1,375 860 1,263 1,927 2,746 3,755 4,876 1,537 828 103 (146) (1,112) (3,575) (8,131) (2,013) (1,139) (794) 635 631
Stockholders’ equity 34,674 32,053 30,811 30,250 29,312 29,111 29,559 30,085 28,720 27,830 24,907 20,327 18,873 18,244 18,300 18,573 19,860 23,346 31,295 34,232 36,080 21,347 21,236
Profitability Ratio
ROE1 12.63% 14.42% 14.02% 15.52% 18.51% 23.35% 32.79% 44.22% 44.97% 39.51% 29.49% 11.42% -1.73% -25.93% -70.84% -79.85% -74.81% -51.73% -10.58% -1.95%
Benchmarks
ROE, Competitors2
Chevron Corp. 10.68% 11.76% 12.64% 13.28% 15.41% 19.05% 22.44% 22.27% 21.53% 18.92% 14.02% 11.24% 7.29% 2.69% -5.89% -4.21% -8.72% -6.49% 2.69% 2.03%
ConocoPhillips 19.94% 21.48% 21.47% 22.23% 23.46% 27.20% 33.15% 38.91% 36.79% 31.69% 26.12% 17.79% 10.61% 4.18% 0.05% -9.05% -3.93% 7.29% 11.55% 20.55%
Exxon Mobil Corp. 12.55% 12.73% 15.98% 17.58% 19.09% 24.48% 29.54% 27.04% 27.87% 21.97% 15.24% 13.67% -3.67% -8.41% -12.17% -14.28% 1.87% 3.98% 6.25% 7.48%
Marathon Petroleum Corp. 23.90% 33.69% 34.44% 39.67% 44.66% 49.58% 61.04% 52.38% 45.50% 31.12% 45.16% 37.16% 32.71% 26.52% -3.86% -44.26% -43.06% -32.38% -27.36% 7.83%
Valero Energy Corp. 14.62% 23.38% 26.91% 33.53% 41.37% 42.32% 54.81% 48.93% 43.01% 33.72% 13.49% 5.05% -2.51% -7.73% -1.54% -7.56% -0.01% 5.40% 2.28% 11.11%

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).

1 Q3 2024 Calculation
ROE = 100 × (Net income (loss) attributable to OccidentalQ3 2024 + Net income (loss) attributable to OccidentalQ2 2024 + Net income (loss) attributable to OccidentalQ1 2024 + Net income (loss) attributable to OccidentalQ4 2023) ÷ Stockholders’ equity
= 100 × (1,133 + 1,162 + 888 + 1,198) ÷ 34,674 = 12.63%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Occidental Petroleum Corp. ROE improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.

Return on Assets (ROA)

Occidental Petroleum Corp., ROA calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Occidental 1,133 1,162 888 1,198 1,375 860 1,263 1,927 2,746 3,755 4,876 1,537 828 103 (146) (1,112) (3,575) (8,131) (2,013) (1,139) (794) 635 631
Total assets 85,803 76,216 74,277 74,008 71,827 71,199 71,600 72,609 72,144 74,221 74,222 75,036 75,758 79,937 79,355 80,064 84,434 89,452 101,643 109,330 125,443 44,770 44,380
Profitability Ratio
ROA1 5.11% 6.07% 5.82% 6.35% 7.55% 9.55% 13.53% 18.32% 17.90% 14.82% 9.89% 3.09% -0.43% -5.92% -16.34% -18.52% -17.60% -13.50% -3.26% -0.61%
Benchmarks
ROA, Competitors2
Chevron Corp. 6.43% 7.18% 7.76% 8.17% 9.65% 11.98% 13.98% 13.76% 13.15% 11.26% 8.23% 6.52% 4.13% 1.48% -3.21% -2.31% -5.15% -3.89% 1.64% 1.23%
ConocoPhillips 10.29% 11.13% 11.10% 11.42% 11.96% 14.43% 17.32% 19.91% 19.04% 16.98% 13.78% 8.91% 5.36% 2.17% 0.02% -4.31% -1.91% 3.64% 5.56% 10.20%
Exxon Mobil Corp. 7.30% 7.41% 8.68% 9.57% 10.24% 13.41% 15.89% 14.29% 14.01% 10.59% 7.27% 6.80% -1.75% -3.95% -5.72% -6.74% 0.93% 1.98% 3.20% 3.95%
Marathon Petroleum Corp. 5.67% 8.43% 9.23% 11.26% 12.84% 14.75% 18.84% 16.15% 13.34% 8.46% 11.90% 11.41% 10.36% 8.13% -0.96% -11.54% -11.51% -9.09% -7.63% 2.68%
Valero Energy Corp. 6.11% 9.35% 11.21% 14.01% 17.01% 18.03% 22.75% 18.90% 15.88% 10.99% 4.20% 1.61% -0.80% -2.46% -0.51% -2.74% 0.00% 2.18% 0.90% 4.50%

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).

1 Q3 2024 Calculation
ROA = 100 × (Net income (loss) attributable to OccidentalQ3 2024 + Net income (loss) attributable to OccidentalQ2 2024 + Net income (loss) attributable to OccidentalQ1 2024 + Net income (loss) attributable to OccidentalQ4 2023) ÷ Total assets
= 100 × (1,133 + 1,162 + 888 + 1,198) ÷ 85,803 = 5.11%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Occidental Petroleum Corp. ROA improved from Q1 2024 to Q2 2024 but then deteriorated significantly from Q2 2024 to Q3 2024.