Occidental Petroleum Corporation (OXY)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 85,445,000 | 74,008,000 | 72,609,000 | 75,036,000 | 80,064,000 |
| Operating ROA | 6.55% | 8.07% | 20.12% | 7.28% | -0.96% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,593,000K ÷ $85,445,000K
= 6.55%
Occidental Petroleum Corporation's operating return on assets (Operating ROA) has exhibited fluctuations over the analyzed period.
In December 2020, the company reported a negative Operating ROA of -0.96%, indicating that the company's operating income generated was insufficient to cover its total assets' value.
However, there was a significant improvement in the company's operating efficiency in the following years. By December 2022, the Operating ROA surged to 20.12%, signifying a robust performance in utilizing its assets to generate operating earnings.
In December 2023, the Operating ROA slightly decreased to 8.07%, but it remained above the 2021 levels. This indicates that the company was able to sustain its operational profitability, albeit at a slightly lower rate.
By the end of December 2024, Occidental Petroleum Corporation's Operating ROA decreased further to 6.55%. While this was a decline compared to the previous year, the company continued to generate positive returns from its operational activities, though at a reduced rate.
Overall, the analysis of Occidental Petroleum Corporation's Operating ROA shows a mix of fluctuations and improvements over the years, pointing to the company's varying operational performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024