Occidental Petroleum Corporation (OXY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,954,000 | 5,264,000 | 8,891,000 | 8,874,000 | 9,693,000 | 10,792,000 | 9,622,000 | 12,804,000 | 14,025,000 | 13,951,000 | 12,087,000 | 7,967,000 | 5,162,000 | 1,651,000 | -3,707,000 | -13,638,000 | -15,636,000 | -15,316,000 | -11,988,000 | -1,605,000 |
| Total assets | US$ in thousands | 85,445,000 | 85,803,000 | 76,216,000 | 74,277,000 | 74,008,000 | 71,827,000 | 71,199,000 | 71,600,000 | 72,609,000 | 72,144,000 | 74,221,000 | 74,222,000 | 75,036,000 | 75,758,000 | 79,937,000 | 79,355,000 | 80,064,000 | 84,434,000 | 89,452,000 | 101,643,000 |
| Operating ROA | 5.80% | 6.13% | 11.67% | 11.95% | 13.10% | 15.02% | 13.51% | 17.88% | 19.32% | 19.34% | 16.29% | 10.73% | 6.88% | 2.18% | -4.64% | -17.19% | -19.53% | -18.14% | -13.40% | -1.58% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,954,000K ÷ $85,445,000K
= 5.80%
Occidental Petroleum Corporation's operating return on assets (Operating ROA) has shown a noticeable improvement over the last few quarters. The company experienced negative operating ROA figures in the first three quarters of 2020, with a significant low of -19.53% at the end of December 2020.
However, starting from the first quarter of 2021, Occidental Petroleum began to demonstrate a positive trend in its operating ROA. The metric showed a steady increase from 2.18% in September 2021 to a peak of 19.34% by the end of September 2022, signifying a substantial recovery in operational efficiency and asset utilization.
While there was a slight dip in operating ROA in the subsequent quarters of 2022 and early 2023, with figures stabilizing around the mid-teens percentages, the metric remained relatively healthy, indicating effective management of operating assets to generate profits.
By the end of December 2024, Occidental Petroleum's operating ROA stood at 5.80%, reflecting a steady performance in effectively utilizing its assets to generate operating income. The company's ability to maintain a positive operating ROA over this period suggests improved operational efficiency and profitability, which may have positive implications for its overall financial health and performance in the industry.
Peer comparison
Dec 31, 2024