Occidental Petroleum Corporation (OXY)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,593,000 | 5,974,000 | 14,611,000 | 5,462,000 | -770,000 |
| Revenue | US$ in thousands | 26,725,000 | 28,257,000 | 36,634,000 | 25,956,000 | 17,809,000 |
| Operating profit margin | 20.93% | 21.14% | 39.88% | 21.04% | -4.32% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,593,000K ÷ $26,725,000K
= 20.93%
The operating profit margin of Occidental Petroleum Corporation has shown significant fluctuations over the years. In 2020, the company reported a negative operating profit margin of -4.32%, indicating that its operating expenses were higher than its operating income during that period. However, there was a substantial improvement in 2021, with the operating profit margin increasing to 21.04%, reflecting a more efficient management of costs and expenses.
In 2022, the operating profit margin experienced a significant boost to 39.88%, indicating a strong performance in generating profits from its core operations. However, there was a slight decrease in 2023 to 21.14%, which may suggest some challenges or changes in the company's operating environment.
By the end of 2024, the operating profit margin had slightly decreased to 20.93%, while still maintaining a relatively healthy level. Overall, the trend in the operating profit margin of Occidental Petroleum Corporation reflects both improvements and fluctuations in the company's operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2024