Occidental Petroleum Corporation (OXY)

Net 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
Net income (ttm)	US$ in thousands	3,056,000	4,381,000	4,623,000	4,321,000	4,696,000	5,425,000	6,796,000	9,691,000	13,304,000	12,914,000	10,996,000	7,344,000	2,322,000	-327,000	-4,730,000	-12,964,000	-14,831,000	-14,858,000	-12,077,000	-3,311,000
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
Net profit margin		11.43%	16.14%	17.05%	16.00%	16.62%	18.51%	21.55%	27.29%	36.32%	35.55%	32.60%	25.31%	8.95%	-1.47%	-24.23%	-78.62%	-84.24%	-75.31%	-56.68%	-14.52%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,056,000K ÷ $26,725,000K
= 11.43%

Occidental Petroleum Corporation's net profit margin experienced significant fluctuations over the analyzed period. The company recorded negative net profit margins in the first half of 2020, reaching as low as -84.24% by December 31, 2020. This indicates the company's expenses were surpassing its revenues during this period.

However, there was a notable turnaround starting from March 31, 2021, when the net profit margin improved to -78.62%. Occidental Petroleum continued to make progress, with the net profit margin turning positive by December 31, 2021, signaling that the company was able to generate profit after accounting for all expenses.

The positive trend continued into 2022 and 2023, with the net profit margin steadily increasing to levels exceeding 30%. This suggests improved operational efficiency and better cost management by Occidental Petroleum during this period.

By the end of December 31, 2024, the net profit margin decreased slightly to 11.43%, but still remained positive. Overall, the company demonstrated a clear improvement in its profitability metrics, showcasing the effectiveness of its strategic decisions and operational performance.