Occidental Petroleum Corporation (OXY)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 6,429,000 | 7,270,000 | 9,109,000 | 12,768,000 | 14,117,000 | 13,723,000 | 11,290,000 | 6,450,000 | 3,237,000 | -157,000 | -5,350,000 | -15,317,000 | -17,444,000 | -17,228,000 | -13,999,000 | -3,237,000 | -124,000 | 1,880,000 | 5,208,000 | 5,417,000 |
| Revenue (ttm) | US$ in thousands | 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 | 17,809,000 | 20,277,000 | 22,028,000 | 23,520,000 | 20,911,000 | 20,294,000 | 18,692,000 | 18,355,000 |
| Pretax margin | 22.75% | 24.81% | 28.88% | 35.96% | 38.54% | 37.78% | 33.47% | 22.23% | 12.47% | -0.71% | -27.41% | -92.89% | -97.95% | -84.96% | -63.55% | -13.76% | -0.59% | 9.26% | 27.86% | 29.51% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $6,429,000K ÷ $28,257,000K
= 22.75%
Occidental Petroleum Corp.'s pretax margin has shown fluctuating trends over the past eight quarters. The company's performance was strongest in Q4 2022, with a pretax margin of 38.54%, indicating efficient cost control and strong revenue generation relative to operating expenses. Subsequently, pretax margins have demonstrated a declining trend until Q1 2023, where the margin significantly decreased to 22.31%, potentially indicating challenges in managing costs or a decrease in revenue.
In the most recent quarter, Q4 2023, Occidental Petroleum Corp. saw a slight improvement in pretax margin to 22.75%, although still below the levels seen in earlier quarters. This suggests the company may be working to address cost inefficiencies or experiencing variations in revenue generation.
Overall, Occidental Petroleum Corp.'s pretax margin performance reflects a mix of factors impacting profitability, such as operating expenses, revenue, and cost management strategies. Further analysis and comparison with industry peers could provide additional insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023