Occidental Petroleum Corporation (OXY)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -13,186,000 | -15,272,000 | -15,499,000 | -12,836,000 | -3,848,000 | -985,000 | 1,060,000 | 3,841,000 | 4,054,000 |
| Revenue (ttm) | US$ in thousands | 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 | 17,809,000 | 20,277,000 | 22,028,000 | 23,520,000 | 20,911,000 | 20,294,000 | 18,692,000 | 18,355,000 |
| Net profit margin | 16.62% | 18.51% | 21.55% | 27.29% | 36.32% | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -79.97% | -85.75% | -76.44% | -58.27% | -16.36% | -4.71% | 5.22% | 20.55% | 22.09% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,696,000K ÷ $28,257,000K
= 16.62%
Occidental Petroleum Corp.'s net profit margin has exhibited some fluctuations over the eight quarters analyzed. The trend shows a decline in net profit margin from Q1 2022 to Q4 2023. The company's net profit margin was strongest in the earlier quarters, with Q4 2022 reporting a high of 33.91% and Q3 2022 at 33.11%.
However, in the most recent quarters, Q3 2023 and Q4 2023, the net profit margin decreased to 15.19% and 13.27% respectively. This suggests a decline in the company's profitability efficiency and ability to convert revenue into profit.
The significant drop in net profit margin over the periods could be attributed to various factors such as changes in costs, pricing pressure, economic conditions, or changes in the company's business operations or strategy. Further analysis of the company's financial and operational performance would be needed to identify the specific drivers behind these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023
See also:
Occidental Petroleum Corporation Net Profit Margin (Quarterly Data)