Occidental Petroleum Corporation (OXY)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,904,000 | 5,632,000 | 5,907,000 | 5,414,000 | 6,138,000 | 6,979,000 | 8,728,000 | 12,371,000 | 13,531,000 | 13,161,000 | 10,926,000 | 6,105,000 | 3,405,000 | -50,000 | -5,325,000 | -13,473,000 | -15,762,000 | -15,327,000 | -11,890,000 | -2,862,000 |
| Revenue (ttm) | US$ in thousands | 26,725,000 | 27,137,000 | 27,122,000 | 27,007,000 | 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 | 17,606,000 | 19,728,000 | 21,307,000 | 22,799,000 |
| Pretax margin | 14.61% | 20.75% | 21.78% | 20.05% | 21.72% | 23.82% | 27.68% | 34.84% | 36.94% | 36.23% | 32.39% | 21.04% | 13.12% | -0.23% | -27.28% | -81.71% | -89.53% | -77.69% | -55.80% | -12.55% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,904,000K ÷ $26,725,000K
= 14.61%
Occidental Petroleum Corporation's pretax margin experienced a period of significant negative performance from March 2020 to December 2021, with margins ranging from -12.55% to as low as -89.53%. This downward trend indicates that the company's profitability before taxes was severely impacted during this time. However, starting from March 2022, there was a notable improvement in the pretax margin, which steadily increased and reached positive territory by December 2022.
From December 2022 to December 2024, Occidental Petroleum Corporation maintained positive pretax margins, with the ratios fluctuating within the range of 14.61% to 36.94%. This positive trend suggests that the company was able to enhance its profitability before taxes during this period. Overall, the financial performance indicates a turnaround in the profitability of the company after a challenging period, showing signs of recovery and improved financial health.
Peer comparison
Dec 31, 2024