Occidental Petroleum Corporation (OXY)

Gross profit margin

		Dec 31, 2024	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
Gross profit (ttm)	US$ in thousands	9,550,000	9,646,000	12,858,000	12,517,000	13,373,000	14,425,000	13,069,000	16,575,000	17,645,000	17,471,000	15,239,000	10,874,000	7,850,000	4,874,000	2,749,000	421,000	1,138,000	2,384,000	3,761,000	6,313,000
Revenue (ttm)	US$ in thousands	26,725,000	27,137,000	27,122,000	27,007,000	28,257,000	29,304,000	31,536,000	35,510,000	36,634,000	36,328,000	33,730,000	29,012,000	25,956,000	22,203,000	19,519,000	16,489,000	17,606,000	19,728,000	21,307,000	22,799,000
Gross profit margin		35.73%	35.55%	47.41%	46.35%	47.33%	49.23%	41.44%	46.68%	48.17%	48.09%	45.18%	37.48%	30.24%	21.95%	14.08%	2.55%	6.46%	12.08%	17.65%	27.69%

December 31, 2024 calculation

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

Occidental Petroleum Corporation's gross profit margin has experienced fluctuations over the periods provided. The trend shows a gradual decline from March 31, 2020, to March 31, 2021, reaching a low of 2.55%. However, from March 31, 2021, onwards, there is a noticeable improvement in the gross profit margin, with significant increases recorded for the subsequent periods.

The gross profit margin increases steadily from 2.55% on March 31, 2021, peaking at 49.23% on September 30, 2023. There is a slight decline in the margin by December 31, 2023, and further fluctuations in the range of 35.55% to 48.17% in the last three reported periods.

Overall, the gross profit margin of Occidental Petroleum Corporation has shown resilience and recovery following a period of decline, displaying a positive upward trend in recent quarters. This improvement may indicate better cost management, pricing strategies, operational efficiencies, or changes in sales mix that have positively impacted the company's profitability.