Occidental Petroleum Corporation (OXY)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	9,550,000	10,109,000	17,645,000	7,850,000	1,244,000
Revenue	US$ in thousands	26,725,000	28,257,000	36,634,000	25,956,000	17,809,000
Gross profit margin		35.73%	35.78%	48.17%	30.24%	6.99%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,550,000K ÷ $26,725,000K
= 35.73%

The gross profit margin of Occidental Petroleum Corporation has shown a significant improvement over the years. Starting at 6.99% on December 31, 2020, the margin increased to 30.24% by December 31, 2021, further rising to 48.17% by December 31, 2022. While there was a slight decrease to 35.78% by December 31, 2023, the margin remained relatively stable at 35.73% by December 31, 2024. Overall, the company has demonstrated a positive trend in its ability to generate profits from its core operations, reflecting potentially improved efficiency and cost management strategies.