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Diamondback Energy vs Occidental Petroleum: revenue, profit, margins and growth compared

Diamondback Energy brought in $15B of revenue in fiscal 2025, Occidental Petroleum $21.6B in fiscal 2025. Revenue changed by +35.8% at Diamondback Energy and -4.9% at Occidental Petroleum on the year before, so Diamondback Energy grew faster. Diamondback Energy kept 11.1% of its revenue as net profit, Occidental Petroleum 7.5%.

Side by side, latest fiscal year

FANGOXY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$15B$21.6B
Revenue growth+35.8%-4.9%
Net income$1.7B$1.6B
Net margin11.1%7.5%
Free cash flown/a$4.1B
Free cash flow marginn/a19.0%
Earnings per share (diluted)$5.73$1.61
Cash$104M$2B
Debt$13.7B$21.4B
Price to earnings32.635.3
Market value$52.3B$56.8B
Dividend yield2.14%1.69%
Rank by revenue in sector#21 of 129 · Energy#17 of 129 · Energy

Over the years

Revenue
FANG FY2018: $2.2BFANG FY2019: $4BFANG FY2020: $2.8BFANG FY2021: $6.8BFANG FY2022: $9.6BFANG FY2023: $8.4BFANG FY2024: $11.1BFANG FY2025: $15BOXY FY2018: $17.8BOXY FY2019: $20.9BOXY FY2020: $17.8BOXY FY2021: $26BOXY FY2022: $36.6BOXY FY2023: $23.2BOXY FY2024: $22.7BOXY FY2025: $21.6BFY18FY19FY20FY21FY22FY23FY24FY25
FANG $15BOXY $21.6B
Net income
FANG FY2018: $846MFANG FY2019: $240MFANG FY2020: -$4.5BFANG FY2021: $2.2BFANG FY2022: $4.4BFANG FY2023: $3.1BFANG FY2024: $3.3BFANG FY2025: $1.7BOXY FY2018: $4.1BOXY FY2019: -$985MOXY FY2020: -$14.8BOXY FY2021: $2.3BOXY FY2022: $13.3BOXY FY2023: $4.7BOXY FY2024: $2.4BOXY FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
FANG $1.7BOXY $1.6B
Net margin
FANG FY2018: 38.9%FANG FY2019: 6.1%FANG FY2020: -160.6%FANG FY2021: 32.1%FANG FY2022: 45.5%FANG FY2023: 37.4%FANG FY2024: 30.2%FANG FY2025: 11.1%OXY FY2018: 23.2%OXY FY2019: -4.7%OXY FY2020: -83.3%OXY FY2021: 8.9%OXY FY2022: 36.3%OXY FY2023: 20.2%OXY FY2024: 10.4%OXY FY2025: 7.5%FY18FY19FY20FY21FY22FY23FY24FY25
FANG 11.1%OXY 7.5%
Revenue growth
FANG FY2019: +82.1%FANG FY2020: -29.0%FANG FY2021: +141.6%FANG FY2022: +41.9%FANG FY2023: -12.8%FANG FY2024: +31.6%FANG FY2025: +35.8%OXY FY2019: +17.3%OXY FY2020: -14.8%OXY FY2021: +45.8%OXY FY2022: +41.1%OXY FY2023: -36.6%OXY FY2024: -2.2%OXY FY2025: -4.9%FY19FY20FY21FY22FY23FY24FY25
FANG +35.8%OXY -4.9%
Free cash flow
OXY FY2018: $2.7BOXY FY2019: $1BOXY FY2020: $1.4BOXY FY2021: $7.6BOXY FY2022: $12.3BOXY FY2023: $6.6BOXY FY2024: $5.2BOXY FY2025: $4.1BFY18FY19FY20FY21FY22FY23FY24FY25
FANGOXY $4.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Diamondback Energy and Occidental Petroleum

Which is bigger by revenue, Diamondback Energy or Occidental Petroleum?

Occidental Petroleum is bigger by revenue: $21.6B in fiscal 2025, against $15B for Diamondback Energy in fiscal 2025.

Which keeps more of its revenue as profit, Diamondback Energy or Occidental Petroleum?

Diamondback Energy had a net margin of 11.1% in fiscal 2025; Occidental Petroleum had 7.5% in fiscal 2025.

Which grew revenue faster, Diamondback Energy or Occidental Petroleum?

In their latest fiscal years revenue changed by +35.8% at Diamondback Energy and -4.9% at Occidental Petroleum.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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