Stocks OXY Financial statements
Financial statementsOCCIDENTAL PETROLEUM CORP /DE/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data OCCIDENTAL PETROLEUM CORP /DE/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,090 | 12,508 | 17,824 | 20,911 | 17,809 | 25,959 | 36,634 | 23,230 | 22,710 | 21,593 |
| Cost of revenue | 2,938 | 2,833 | 2,791 | 2,408 | 2,772 | 3,273 | 3,116 | 3,121 | ||
| Gross profit | 9,570 | 14,991 | 18,120 | 15,401 | 23,187 | 33,361 | 20,114 | 19,589 | ||
| Selling, general and administrative | 585 | 893 | 864 | 863 | 945 | 987 | 960 | 986 | ||
| Interest expense | 292 | 345 | 389 | 1,066 | 1,424 | 1,614 | 1,030 | 957 | 1,169 | 1,079 |
| Other non-operating income | 357 | 331 | 606 | -53 | 753 | 1,110 | 426 | 759 | 76 | |
| Pre-tax income | -1,664 | 1,328 | 5,608 | 354 | -15,705 | 3,705 | 14,117 | 4,662 | 4,024 | 3,128 |
| Income tax | -662 | 17 | 1,477 | 861 | -2,172 | 915 | 813 | 1,330 | 1,158 | 1,021 |
| Income from continuing operations | -1,002 | 1,311 | 4,131 | |||||||
| Net income to minority interests | 0 | 0 | 145 | 0 | 0 | 0 | 0 | 22 | 43 | |
| Net income | -574 | 1,311 | 4,131 | -985 | -14,831 | 2,322 | 13,304 | 4,696 | 2,364 | 1,612 |
| EPS, basic | -0.75 | 1.71 | 5.40 | -1.22 | -17.06 | 1.62 | 13.41 | 4.22 | 2.59 | 1.65 |
| EPS, diluted | -0.75 | 1.70 | 5.39 | -1.22 | -17.06 | 1.58 | 12.40 | 3.90 | 2.44 | 1.61 |
| Shares, basic (weighted) | 764 | 765 | 762 | 810 | 919 | 935 | 926 | 889 | 912 | 976 |
| Shares, diluted (weighted) | 764 | 766 | 763 | 810 | 919 | 959 | 1,002 | 961 | 967 | 1,000 |
| Dividend per share | 3.02 | 3.06 | 3.10 | 3.14 | 0.82 | 0.04 | 0.52 | 0.72 | 0.88 | 0.96 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2,233 | 1,672 | 3,033 | 3,032 | 2,008 | 2,764 | 984 | 1,426 | 2,125 | 1,968 |
| Receivables | 3,989 | 4,145 | 4,893 | 4,233 | 2,115 | 4,208 | 4,281 | 3,195 | 2,839 | 2,575 |
| Inventory | 866 | 1,246 | 1,260 | 1,581 | 1,898 | 1,846 | 2,059 | 2,022 | 1,756 | 1,823 |
| Other current assets | 1,340 | 733 | 746 | 1,432 | 1,195 | 1,393 | 1,562 | 830 | 490 | 601 |
| Total current assets | 8,428 | 8,270 | 9,932 | 14,633 | 8,819 | 10,211 | 8,886 | 8,375 | 9,070 | 8,827 |
| Property, plant and equipment | 32,337 | 31,174 | 31,437 | 82,230 | 65,889 | 59,930 | 58,384 | 55,494 | 65,863 | 63,643 |
| Lease right-of-use assets | 1,411 | 1,062 | 726 | 903 | 1,130 | 755 | 908 | |||
| Goodwill | 668 | 668 | ||||||||
| Intangible assets | 8 | |||||||||
| Long-term investments | 1,401 | |||||||||
| Other non-current assets | 1,260 | 2,750 | 10,512 | 11,716 | ||||||
| Total assets | 43,109 | 42,026 | 42,159 | 107,190 | 80,064 | 75,036 | 72,609 | 74,008 | 85,445 | 84,186 |
| Accounts payable | 3,926 | 4,408 | 4,885 | 4,910 | 2,987 | 3,899 | 4,029 | 3,646 | 3,472 | 3,285 |
| Accrued liabilities | 2,436 | 2,492 | 2,411 | 5,447 | 3,570 | 4,053 | 3,290 | 3,854 | 4,248 | 3,592 |
| Short-term debt | 500 | 116 | 51 | 440 | 186 | 165 | 1,202 | 1,138 | 1,773 | |
| Total current liabilities | 6,362 | 7,400 | 7,412 | 12,705 | 8,223 | 8,324 | 7,757 | 9,148 | 9,521 | 9,428 |
| Long-term debt | 9,819 | 9,328 | 10,201 | 38,537 | 35,745 | 29,431 | 19,670 | 18,536 | 24,978 | 20,623 |
| Lease liabilities | 872 | 641 | 585 | 657 | 727 | 469 | 605 | |||
| Other non-current liabilities | 1,352 | 1,171 | 1,009 | 3,858 | 3,001 | 3,159 | 3,332 | 3,782 | 7,030 | 7,311 |
| Total liabilities | 21,612 | 21,454 | 22,524 | 72,958 | 61,491 | 54,709 | 42,524 | 43,659 | 50,965 | 47,588 |
| Total debt | 9,800 | 9,900 | 10,400 | 38,588 | 35,827 | 29,028 | 19,146 | 19,001 | 25,324 | 21,397 |
| Paid-in capital | 7,747 | 7,884 | 8,046 | 14,955 | 16,552 | 16,749 | 17,181 | 17,422 | 19,868 | 21,008 |
| Retained earnings | 22,981 | 21,935 | 23,750 | 20,180 | 2,996 | 4,480 | 16,499 | 19,626 | 21,189 | 21,891 |
| Treasury stock | -9,143 | -9,168 | -10,473 | -10,653 | -10,665 | -10,673 | -13,772 | -15,582 | -15,597 | -15,597 |
| Other comprehensive income | -266 | -258 | -172 | -221 | -288 | -208 | 195 | 275 | 179 | 202 |
| Shareholders' equity | -258 | 21,330 | 34,232 | 18,573 | 20,327 | 30,085 | 30,250 | 34,159 | 36,034 | |
| Minority interests | 0 | 0 | 0 | 99 | 321 | 564 | ||||
| Total equity | 21,497 | 20,572 | 21,330 | 34,232 | 18,573 | 20,327 | 30,085 | 30,349 | 34,480 | 36,598 |
| Total liabilities and equity | 43,109 | 42,026 | 43,854 | 107,190 | 80,064 | 75,036 | 72,609 | 74,008 | 85,445 | 84,186 |
| Shares outstanding | 892 | 893 | 895 | 1,044 | 1,081 | 934 | 900 | 879 | 938 | 986 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -574 | 1,311 | 4,131 | -522 | -14,831 | 2,322 | 13,304 | 4,696 | 3,078 | 2,369 |
| Depreciation and amortization | 4,268 | 4,002 | 3,977 | 6,140 | 8,097 | 8,447 | 6,926 | 6,449 | 6,951 | 7,533 |
| Stock-based compensation | 121 | 150 | 180 | 208 | 202 | 287 | 258 | 203 | 213 | 234 |
| Deferred income tax | -517 | -719 | 371 | -1,027 | -2,517 | 46 | -1,644 | 54 | -265 | 127 |
| Change in receivables | -1,091 | -158 | 955 | 401 | 2,062 | -2,086 | -97 | 931 | -116 | 252 |
| Change in inventory | 17 | -349 | -108 | 78 | -484 | -86 | -230 | -84 | -27 | 12 |
| Change in payables | 609 | -89 | -1,500 | 358 | -3,228 | 865 | -478 | -423 | -540 | -964 |
| Cash from operations | 3,384 | 4,861 | 7,669 | 7,375 | 3,955 | 10,434 | 16,810 | 12,308 | 11,439 | 10,532 |
| Capital expenditures | -2,717 | -3,599 | -4,975 | -6,367 | -2,535 | -2,870 | -4,497 | -5,696 | -6,263 | -6,427 |
| Cash from investing | -4,743 | -3,079 | -3,206 | -29,027 | -819 | -1,253 | -4,872 | -6,980 | -14,590 | -5,799 |
| Debt issued | 4,203 | 0 | 978 | 21,557 | 9,700 | |||||
| Debt repaid | -2,710 | 0 | -500 | -6,834 | -9,484 | -22 | -4,514 | -3,754 | ||
| Stock issued | 36 | 28 | 33 | 10,028 | 134 | 31 | 293 | 135 | 584 | 966 |
| Share buybacks | -22 | -25 | -1,248 | -237 | -12 | -8 | -3,099 | -1,798 | -27 | 0 |
| Dividends paid | -2,309 | -2,346 | -2,374 | -2,624 | -1,845 | -839 | -1,184 | -1,365 | -1,446 | -1,594 |
| Cash from financing | -802 | -2,343 | -3,102 | 22,193 | -4,516 | -8,572 | -13,715 | -4,890 | 3,844 | -4,844 |
| Net change in cash | -2,161 | -561 | 1,361 | 541 | -1,380 | 609 | -1,777 | 438 | 693 | -111 |
| Free cash flow | 667 | 1,262 | 2,694 | 1,008 | 1,420 | 7,564 | 12,313 | 6,612 | 5,176 | 4,105 |
| Interest paid | 312 | 351 | 383 | 912 | 1,521 | 1,685 | 1,425 | 1,017 | 1,052 | 1,250 |
| Income taxes paid | 1,040 | 1,040 | 1,236 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Pre-tax margin | 22.2% | Pre-tax income / revenue. |
| Net margin | 27.0% | Net income / revenue. |
| FCF margin | 19.8% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 45.4% | Cash from operations / revenue. |
| Effective tax rate | 26.7% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 15.6% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 8.1% | Net income / average total assets. |
| SG&A / revenue | 3.9% | Selling, general and administrative expense / revenue. |
| Capex / revenue | 25.6% | Capital expenditures / revenue. |
| D&A / revenue | 30.3% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -4.9% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -16.2% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 3.9% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | -31.8% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -50.5% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS growth, 1y | -34.0% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | -49.4% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | -7.9% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | -14.4% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 21.6% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -20.7% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | -30.7% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 23.7% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 9.1% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 22.7% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 3.2% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 5.5% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 6.2% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 14.2% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -1.5% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 5.1% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 1.0% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 3.4% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -0.1% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 1.7% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 1.41x | Current assets / current liabilities. |
| Quick ratio | 0.92x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.53x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 0.31x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 15.9% | Total debt / total assets. |
| Liabilities / assets | 47.3% | Total liabilities / total assets. |
| Net debt | $8.65B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Working capital | $3.24B | Current assets - current liabilities. |
| Tangible book value | $41.75B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.30x | Revenue / average total assets. |
| Fixed asset turnover | 0.39x | Revenue / average property, plant and equipment. |
| Receivables turnover | 7.69x | Revenue / average receivables. |
| Days sales outstanding | 47 days | 365 x average receivables / revenue. |
| FCF conversion | 73.4% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 56.3% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $6.45 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $23.86 | Revenue / diluted weighted shares. |
| FCF per share | $4.74 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $10.84 | Cash from operations / diluted weighted shares. |
| Book value per share | $41.76 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $41.76 | Tangible book value / shares outstanding. |
| Cash per share | $4.15 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 25.3% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 34.5% | Dividends paid / free cash flow, when free cash flow is positive. |
| Buybacks / FCF | 2.4% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $56.84B | Share price x shares outstanding. |
| Enterprise value | $65.49B | Market cap + total debt - cash - short-term investments. |
| P/E | 8.70x | Market cap / net income. Only when net income is positive. |
| P/S | 2.35x | Market cap / revenue. |
| P/B | 1.36x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 1.36x | Market cap / tangible book value, when positive. |
| P/FCF | 11.9x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 5.18x | Market cap / cash from operations, when positive. |
| EV/Sales | 2.71x | Enterprise value / revenue. |
| EV/FCF | 13.7x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 8.4% | Free cash flow / market cap. |
| Earnings yield | 11.5% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 2.9% | Dividends paid over the period / market cap. |
| Shareholder yield | 3.1% | (Dividends paid + share buybacks) / market cap. |
What was OCCIDENTAL PETROLEUM CORP /DE/'s revenue in fiscal 2025?
OCCIDENTAL PETROLEUM CORP /DE/ reported revenue of $21.59B for fiscal 2025, 4.9% lower than the year before.
Was OCCIDENTAL PETROLEUM CORP /DE/ profitable in fiscal 2025?
Yes. Net income was $1.61B, a net margin of 7.5%.
How much free cash flow did OCCIDENTAL PETROLEUM CORP /DE/ generate in fiscal 2025?
Cash from operations of $10.53B minus capital expenditures of $6.43B left free cash flow of $4.11B.