Occidental Petroleum Corporation (OXY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,696,000	13,304,000	2,322,000	-14,831,000	-985,000
Revenue	US$ in thousands	28,257,000	36,634,000	25,956,000	17,809,000	20,911,000
Net profit margin		16.62%	36.32%	8.95%	-83.28%	-4.71%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $4,696,000K ÷ $28,257,000K
= 16.62%

Occidental Petroleum Corp.'s net profit margin has shown significant fluctuations over the past five years. In 2023, the company achieved a net profit margin of 13.27%, representing a decrease from the previous year's margin of 33.91%. The substantial decrease indicates a decline in the company's profitability efficiency compared to the prior year.

Looking further back, in 2021, Occidental Petroleum Corp. reported a net profit margin of 5.83%, which was an improvement from the significantly negative margin of -88.02% in 2020. The negative margin in 2020 indicates that the company incurred substantial losses relative to its revenue during that period, possibly due to various factors such as impairments, write-downs, or significant one-time charges.

In 2019, the net profit margin was also negative at -4.83%, suggesting that Occidental Petroleum Corp. faced profitability challenges during that year as well.

Overall, the wide fluctuations in Occidental Petroleum Corp.'s net profit margin indicate that the company's profitability has been volatile in recent years, with significant changes in earnings relative to its revenue. Investors and stakeholders should closely monitor the company's financial performance and profitability trends to assess its financial health and sustainability.