Occidental Petroleum Corporation (OXY)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,377,000 | 4,696,000 | 13,304,000 | 2,322,000 | -13,533,000 |
| Revenue | US$ in thousands | 26,725,000 | 28,257,000 | 36,634,000 | 25,956,000 | 17,809,000 |
| Net profit margin | 8.89% | 16.62% | 36.32% | 8.95% | -75.99% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,377,000K ÷ $26,725,000K
= 8.89%
Net profit margin is a crucial ratio that assesses a company's profitability by measuring the percentage of revenue that translates into net income after all expenses have been deducted. Analyzing Occidental Petroleum Corporation's net profit margin over the years reveals significant fluctuations.
As of December 31, 2020, Occidental Petroleum Corporation reported a negative net profit margin of -75.99%, indicating that the company incurred significant losses relative to its revenue during that period. Subsequently, there was a notable turnaround in the company's performance, with the net profit margin improving to 8.95% by December 31, 2021. This positive shift suggests that Occidental Petroleum managed to control its expenses better and generate a moderate level of profitability.
By December 31, 2022, Occidental Petroleum Corporation demonstrated a substantial improvement in profitability, with a net profit margin of 36.32%. This sharp increase in net profit margin reflects the company's ability to efficiently convert revenue into net income and suggests a strong performance during that period. However, there was a decrease in profitability by December 31, 2023, with the net profit margin declining to 16.62%, indicating a relative decrease in profitability compared to the previous year.
Lastly, as of December 31, 2024, Occidental Petroleum Corporation's net profit margin stood at 8.89%, showing a moderate level of profitability but a slight decline compared to the previous year. This indicates that the company may have faced challenges in maintaining the same level of profitability as before.
Overall, Occidental Petroleum Corporation's net profit margin has displayed fluctuations over the years, highlighting the company's varying ability to control costs, generate revenue, and manage its profitability effectively. Careful monitoring and analysis of these changes can provide insights into the company's financial health and performance trajectory.
Peer comparison
Dec 31, 2024