Occidental Petroleum Corporation (OXY)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,070,000 | 6,429,000 | 14,117,000 | 3,705,000 | -15,705,000 |
| Revenue | US$ in thousands | 26,725,000 | 28,257,000 | 36,634,000 | 25,956,000 | 17,809,000 |
| Pretax margin | 15.23% | 22.75% | 38.54% | 14.27% | -88.19% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,070,000K ÷ $26,725,000K
= 15.23%
Occidental Petroleum Corporation experienced a significant fluctuation in its pretax margin over the five-year period from 2020 to 2024. The company recorded a negative pretax margin of -88.19% in December 2020, indicating that expenses exceeded revenue, resulting in a substantial loss. However, there was a notable turnaround in the following years, with the pretax margin improving to 14.27% in December 2021, 38.54% in December 2022, and 22.75% in December 2023. This positive trend suggests that Occidental Petroleum Corporation successfully managed its costs and increased its profitability during this period. Nonetheless, there was a slight decline in the pretax margin to 15.23% by December 2024, indicating a potential need for further cost management or revenue enhancement strategies to sustain profitability. Overall, the varying pretax margins reflect the company's efforts to navigate through challenging market conditions and optimize financial performance.
Peer comparison
Dec 31, 2024