Occidental Petroleum Corp. (OXY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$2.51	$2.62	+4.4%	—	—	—
Q3 26	$0.59	$1.06	+79.7%	—	—	—
Q2 26	$0.17	$0.31	+82.4%	—	—	—
Q1 26	$0.52	$0.64	+23.1%	—	—	—
Q4 25	$0.31	$0.39	+25.8%	—	—	—
Q3 25	$0.76	$0.87	+14.5%	—	—	—
Q2 25	$0.67	$0.8	+19.4%	—	—	—
Q1 25	$0.75	$1	+33.3%	—	—	—
Q4 24	$0.77	$1.03	+33.8%	—	—	—
Q3 24	$0.57	$0.63	+10.5%	—	—	—
Q2 24	$0.69	$0.74	+7.2%	—	—	—
Q1 24	$0.84	$1.18	+40.5%	—	—	—
Q4 23	$0.72	$0.68	-5.6%	—	—	—
Q3 23	$1.24	$1.09	-12.1%	—	—	—
Q2 23	$1.8	$1.61	-10.6%	—	—	—
Q1 23	$2.46	$2.44	-0.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.65	—	—	$21.6B	—
FY24	—	$2.59	—	—	$26.7B	—
FY23	—	$4.22	—	—	$28.3B	—
FY22	—	$13.4	—	—	$36.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10.1B	$12.5B	$17.8B	$20.9B	$17.8B	$26B	$36.6B	$28.3B	$26.7B	$21.6B
YoY change	-19.2%	+24%	+42.5%	+17.3%	-14.8%	+45.7%	+41.1%	-22.9%	-5.42%	-19.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10.1B	12.5B	17.8B	20.9B	17.8B	26B	36.6B	28.3B	26.7B	21.6B
Cost of revenue	9.5B	9.6B	10.5B	14.5B	16.6B	18.1B	19B	18.1B	17.2B	14.1B
Gross profit	633M	2.9B	7.3B	6.4B	1.2B	7.8B	17.6B	10.1B	9.6B	7.5B
Gross margin	6.27%	23.3%	40.8%	30.5%	6.99%	30.2%	48.2%	35.8%	35.7%	34.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.3B	546M	585M	893M	864M	863M	945M	1.1B	1.1B	986M
Operating expenses	1.4B	1.5B	1.7B	2.6B	1.9B	2.2B	2.4B	1.5B	2.9B	2.8B
Operating income	-1B	1.1B	5.1B	3B	-1.3B	4.7B	13.7B	7.5B	5.6B	3.7B
Operating margin	-10.3%	8.75%	28.7%	14.3%	-7.06%	18%	37.3%	26.5%	20.9%	17.2%
Non-operating income, net	-623M	479M	744M	-1.8B	-13.1B	488M	1.3B	-263M	-519M	190M
Pretax income	-1.8B	1.3B	5.6B	354M	-15.7B	3.7B	14.1B	6.4B	4.1B	3.1B
Income tax	-662M	17M	1.5B	861M	-2.2B	915M	813M	1.7B	1.2B	1B
Net income	-574M	1.3B	4.1B	-522M	-14.8B	2.3B	13.3B	4.7B	3.1B	2.4B
Net margin	-5.69%	10.5%	23.2%	-2.5%	-83.3%	8.95%	36.3%	16.6%	11.5%	11%
EBITDA	3.3B	5.6B	9.6B	9.7B	7.3B	13.9B	21.5B	14B	14B	11.5B
EPS	-0.75	1.71	5.4	-1.22	-17.1	1.62	13.4	4.22	2.59	1.65
Diluted EPS	-0.75	1.7	5.39	-1.22	-17.1	1.58	12.4	3.9	2.44	1.61

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	7.2B	7.2B	6B	6.8B	7.2B	6.8B	6.8B	6.4B	6.6B	1.8B	5.2B	8.1B
Cost of revenue	4.5B	4.8B	4B	4.3B	4.4B	4.4B	4.3B	4.3B	4.5B	912M	3.3B	3.4B
Gross profit	2.7B	2.4B	1.9B	2.5B	2.7B	2.3B	2.5B	2.1B	2.2B	840M	1.9B	4.6B
Gross margin	37.6%	33.7%	32.5%	37.4%	38.3%	34.3%	36.1%	32.5%	32.6%	47.9%	36.3%	57.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	258M	307M	259M	259M	268M	276M	267M	284M	277M	158M	245M	262M
Operating expenses	711M	419M	735M	686M	659M	838M	714M	864M	739M	474M	711M	631M
Operating income	1.7B	1.8B	970M	1.6B	1.8B	1.2B	1.5B	954M	1.2B	117M	927M	3.7B
Operating margin	23.6%	24.7%	16.2%	23.4%	25.5%	17.7%	21.7%	14.9%	17.7%	6.68%	17.7%	45.4%
Non-operating income, net	298M	4M	288M	256M	17M	-1.1B	114M	16M	203M	-143M	-186M	276M
Pretax income	1.8B	1.6B	1B	1.6B	1.6B	-169M	1.3B	738M	1.2B	-184M	390M	3.9B
Income tax	434M	361M	304M	465M	454M	-49M	387M	270M	324M	40M	154M	915M
Net income	1.4B	1.2B	888M	1.2B	1.1B	-120M	945M	468M	842M	114M	3.4B	3B
Net margin	19.2%	16.7%	14.9%	17.2%	15.9%	-1.78%	13.9%	7.3%	12.7%	6.51%	64.2%	37.1%
EBITDA	3.6B	3.2B	3B	3.6B	4B	3.4B	3.6B	3.1B	3.7B	1.5B	2.8B	5.7B
EPS	1.3	1.16	0.81	1.1	1.03	-0.32	0.81	0.27	0.67	-0.07	3.19	2.8
Diluted EPS	1.2	1.08	0.75	1.03	0.98	-0.32	0.77	0.26	0.65	-0.07	3.13	2.75

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	54.4B	56.4B	46.8B	33.4B	—	27.1B	58.3B	53.1B	45.1B	40.1B	56.1B
Enterprise value	62B	64.5B	54B	70.4B	—	54.7B	78.1B	72.6B	70B	61.5B	76.2B
Shares outstanding	763.8M	765.1M	761.7M	809.5M	918.7M	935M	926.2M	889.2M	911.8M	975.5M	975.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	43	11.3	—	—	11.7	4.39	11.3	14.6	16.9	16.8
P/S	5.39	4.51	2.62	1.6	—	1.04	1.59	1.88	1.69	1.86	2.37
P/B	2.53	2.74	2.19	0.97	—	1.33	1.94	1.75	1.31	1.1	1.7
EV/EBITDA	18.6	11.6	5.65	7.24	—	3.93	3.63	5.2	5	5.36	5.56
EV/Sales	6.14	5.16	3.03	3.37	—	2.11	2.13	2.57	2.62	2.85	3.19
Earnings yield	—	2.33%	8.84%	—	—	8.57%	22.8%	8.84%	6.83%	5.91%	5.96%
FCF yield	1.02%	2.24%	5.76%	2.28%	—	28.3%	21.4%	11.4%	9.81%	10.2%	6.75%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	6.27%	23.3%	40.8%	30.5%	6.99%	30.2%	48.2%	35.8%	35.7%	34.9%	57.5%
Operating margin	-10.3%	8.75%	28.7%	14.3%	-7.06%	18%	37.3%	26.5%	20.9%	17.2%	45.4%
Net margin	-5.69%	10.5%	23.2%	-2.5%	-83.3%	8.95%	36.3%	16.6%	11.5%	11%	30.3%
ROE	-2.67%	6.37%	19.4%	-1.52%	-79.9%	11.4%	44.2%	15.5%	8.93%	6.47%	10.6%
ROA	-1.33%	3.12%	9.42%	-0.49%	-18.5%	3.09%	18.3%	6.35%	3.6%	2.81%	4.68%
ROIC	-3.56%	3.76%	13.2%	0%	-2.34%	7.33%	25.8%	11%	6.69%	4.27%	8.11%
Return on tangible assets	-1.33%	3.12%	9.42%	-0.49%	-18.5%	3.09%	18.3%	6.35%	3.6%	2.81%	9.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.32	1.12	1.34	1.15	1.07	1.23	1.15	0.92	0.95	0.94	1.41
Quick ratio	1.19	0.95	1.17	1.03	0.84	1	0.88	0.69	0.73	0.74	1.13
Debt / equity	0.46	0.48	0.48	1.17	2.01	1.49	0.69	0.69	0.79	0.64	0.35
Debt / assets	0.23	0.23	0.24	0.37	0.47	0.4	0.29	0.28	0.32	0.28	0.18
Net debt / EBITDA	2.27	1.47	0.76	3.81	4.82	1.99	0.92	1.4	1.78	1.86	0.77
Interest coverage	-5.32	4.85	15.4	1.33	-10	3.3	14.7	7.8	4.46	3.83	6.16
Effective tax rate	0%	1.28%	26.3%	100%	0%	24.7%	5.76%	27%	28.8%	33.5%	27.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	13.2	16.3	23.4	25.8	19.4	27.8	39.6	31.8	29.3	22.1	24.2
EPS (basic)	-0.75	1.71	5.4	-1.22	-17.1	1.62	13.4	4.22	2.59	1.65	1.65
EPS (diluted)	-0.75	1.7	5.39	-1.22	-17.1	1.58	12.4	3.9	2.44	1.61	3.39
Book value per share	28.1	26.9	28	42.3	20.2	21.7	32.5	34.1	37.8	37.5	33.5
FCF per share	0.72	1.65	3.54	0.94	0.98	8.19	13.5	6.82	4.85	4.21	4.74
Cash per share	2.92	2.19	3.98	3.75	2.19	2.96	1.06	1.6	2.34	2.02	4.15
Capex per share	—	—	—	—	—	—	—	—	—	6.59	6.11

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	29.8%	28.5%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	61%	56.3%
Payout ratio	-402.3%	178.9%	57.5%	-502.7%	-12.4%	36.1%	8.9%	29.1%	47%	67.3%	29.5%
Dividend yield	4.24%	4.16%	5.08%	7.87%	—	3.1%	2.03%	2.57%	3.21%	3.97%	2%

Yield

trailing twelve months

Frequency

Quarterly

Last dividend

$0.28

ex-dividend Sep 10, 2026

Payout ratio

30%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 10, 2026	$0.28
Jun 10, 2026	$0.26
Mar 10, 2026	$0.26

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$7.2B	$7.2B	$6B	$6.8B	$7.2B	$6.8B	$6.8B	$6.4B	$6.6B	$1.8B	$5.2B	$8.1B
YoY change	-23.8%	-12.7%	-17.3%	+1.72%	+0.21%	-5.74%	+13.9%	-5.91%	-7.65%	-74.1%	-23.1%	+25.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	2.2B	1.7B	3B	3B	2B	2.8B	984M	1.4B	2.1B	2B
Receivables	4B	4.1B	4.9B	4.2B	2.1B	4.2B	4.3B	3.2B	3.5B	2.6B
Inventory	866M	1.2B	1.3B	1.6B	1.9B	1.8B	2.1B	2B	2.1B	1.8B
Total current assets	8.4B	8.3B	9.9B	14.6B	8.8B	10.2B	8.9B	8.4B	9.1B	8.8B
Property, plant & equipment	32.3B	31.2B	31.4B	83.6B	67B	60.7B	59.3B	59.7B	70.3B	64.6B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	43.1B	42B	43.9B	107.2B	80.1B	75B	72.6B	74B	85.4B	84.2B
Accounts payable	3.9B	4.4B	4.9B	4.9B	3B	3.9B	4B	3.6B	3.8B	3.3B
Short-term debt	—	500M	116M	630M	913M	372M	438M	1.6B	1.5B	2.1B
Total current liabilities	6.4B	7.4B	7.4B	12.7B	8.2B	8.3B	7.8B	9.1B	9.5B	9.4B
Long-term debt	9.8B	9.3B	10.2B	39.4B	36.4B	30B	20.3B	19.3B	25.6B	21.2B
Total liabilities	21.6B	21.5B	22.5B	73B	61.5B	54.7B	42.5B	43.7B	51B	47.6B
Shareholders' equity	21.5B	20.6B	21.3B	34.2B	18.6B	20.3B	30.1B	30.3B	34.5B	36.6B
Total debt	9.8B	9.8B	10.3B	40B	37.3B	30.4B	20.8B	20.9B	27.1B	23.4B
Net debt	7.6B	8.2B	7.3B	37B	35.3B	27.6B	19.8B	19.5B	25B	21.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	611M	1.4B	1.3B	1.8B	1.8B	2.1B	2.6B	2.3B	2.2B	2B	3.8B	4.2B
Receivables	3.7B	3.2B	3.3B	3.9B	3.9B	3.5B	3.6B	3.5B	3.2B	2.6B	3.7B	3.1B
Inventory	2B	2B	2.1B	2.8B	2.3B	2.1B	2.1B	1.9B	2.1B	1.8B	1.9B	2.2B
Total current assets	8.3B	8.4B	8.3B	10.1B	9.6B	9.1B	9.7B	9B	8.8B	8.8B	11.1B	11.1B
Property, plant & equipment	59.1B	59.7B	59.8B	59.9B	70.3B	70.3B	69.2B	69.5B	68.6B	64.6B	64B	63.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	71.8B	74B	74.3B	76.2B	85.8B	85.4B	85B	84.4B	83.5B	84.2B	80.5B	80.4B
Accounts payable	3.9B	3.6B	3.8B	4.3B	3.9B	3.8B	3.8B	3.8B	3.5B	3.3B	3.8B	3.6B
Short-term debt	1.5B	1.6B	1.6B	1.8B	1.6B	1.5B	1.9B	832M	2B	2.1B	807M	581M
Total current liabilities	8.9B	9.1B	8.8B	9.7B	9.5B	9.5B	9.6B	8.6B	9.4B	9.4B	9.2B	7.9B
Long-term debt	19.2B	19.3B	19.2B	19.1B	26.1B	25.6B	24B	23.3B	20.8B	21.2B	15.8B	14B
Total liabilities	42.5B	43.7B	43.3B	44B	50.9B	51B	49.9B	48.2B	46.7B	47.6B	40.9B	38B
Shareholders' equity	29.3B	30.3B	31B	32.3B	34.9B	34.5B	35.1B	36.2B	36.8B	36.6B	39.6B	42.4B
Total debt	20.7B	20.9B	20.8B	20.8B	27.6B	27.1B	26B	24.2B	22.9B	23.4B	16.6B	14.6B
Net debt	20.1B	19.5B	19.6B	19B	25.9B	25B	23.4B	21.8B	20.7B	21.4B	12.8B	10.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-574M	1.3B	4.1B	-522M	-14.8B	2.3B	13.3B	4.7B	3.1B	2.4B
Depreciation & amortization	4.3B	4B	4B	6.1B	8.1B	8.4B	6.9B	6.9B	7.4B	7.5B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-383M	-493M	-521M	1B	-1.3B	-2.3B	-847M	1.2B	683M	-103M
Operating cash flow	2.1B	5.1B	8.1B	6.7B	-8.8B	9.3B	17.8B	13B	11.1B	10.5B
Capital expenditure	—	—	—	—	—	—	—	—	—	-6.4B
Investing cash flow	-1.9B	1.9B	1.8B	-22.2B	2.3B	1.6B	-522M	-735M	-7.6B	-4.7B
Dividends paid	-2.3B	-2.3B	-2.4B	-2.6B	-1.8B	-839M	-1.2B	-1.4B	-1.4B	-1.6B
Share repurchases	-22M	-25M	-1.2B	-237M	-12M	-8M	-3.1B	-3.5B	-27M	0
Financing cash flow	391M	-2.3B	-3.1B	22.2B	-4.5B	-8.6B	-13.7B	-4.9B	3.8B	-4.8B
Net change in cash	533M	4.6B	6.8B	6.6B	-11B	2.4B	3.6B	7.4B	7.4B	1B
Free cash flow	553M	1.3B	2.7B	759M	901M	7.7B	12.5B	6.1B	4.4B	4.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.4B	1.2B	888M	1.2B	1.1B	-120M	945M	468M	842M	114M	3.4B	3B
Depreciation & amortization	1.7B	1.7B	1.7B	1.8B	1.9B	2B	1.9B	2B	2.3B	1.6B	1.8B	1.8B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-634M	700M	15M	-1.2B	1.1B	929M	-166M	60M	-144M	-302M	-1.4B	23M
Operating cash flow	2.9B	3.4B	2.5B	1.9B	4.2B	2.8B	2.8B	3B	2.8B	2.6B	1.3B	4.3B
Capital expenditure	—	—	—	—	—	—	—	-2.2B	-2.3B	-753M	-1.6B	-1.6B
Investing cash flow	145M	-450M	-78M	-100M	-7.4B	-9M	1.2B	-2.3B	-1.8B	-694M	-1.6B	-1.8B
Dividends paid	-347M	-330M	-332M	-366M	-371M	-377M	-380M	-398M	-408M	-408M	-409M	-430M
Share repurchases	-1.1B	-187M	0	-9M	0	-18M	—	0	0	0	-56M	-61M
Financing cash flow	-1.5B	-455M	-328M	39M	-4.3B	-1.2B	-932M	-1.2B	-1.7B	-965M	-7.3B	-2.1B
Net change in cash	1.5B	2.5B	2.1B	1.9B	-7.6B	1.6B	3.1B	-564M	-730M	975M	-7.7B	341M
Free cash flow	1.5B	1.7B	275M	623M	2B	1.6B	240M	736M	503M	1.9B	-273M	2.7B

Date	Ratio
Feb 25, 2016	10000:9983
Dec 1, 2014	1042:1000
Aug 16, 2006	2:1

Occidental Petroleum Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history