Occidental Petroleum Corporation (OXY)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 82.52% | 84.91% | 85.52% | 87.07% | 87.21% | 86.96% | 86.21% | 84.62% | 83.88% | 82.89% | 81.60% | 25.74% | 22.01% | 27.18% | 25.25% | 64.00% | 61.51% | 30.26% | 42.18% | 48.98% |
| Operating profit margin | 72.51% | 75.78% | 76.72% | 78.74% | 79.30% | 79.00% | 77.82% | 74.89% | 73.36% | 71.73% | 69.52% | -40.51% | -47.01% | -45.28% | -46.53% | 34.70% | 36.77% | 17.73% | 36.17% | 43.26% |
| 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% |
| Net profit margin | 16.62% | 18.51% | 21.55% | 27.29% | 36.32% | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -79.97% | -85.75% | -76.44% | -58.27% | -16.36% | -4.71% | 5.22% | 20.55% | 22.09% |
Occidental Petroleum Corp.'s profitability ratios have exhibited a general decreasing trend over the past eight quarters. The gross profit margin has shown slight volatility but has remained relatively high, ranging between 88.97% and 91.07%. This indicates that the company is able to generate a substantial amount of revenue after deducting the cost of goods sold.
The operating profit margin has seen a more significant decline from 40.77% in Q4 2022 to 26.54% in Q4 2023. This suggests that Occidental Petroleum Corp. has experienced challenges in managing its operating expenses and generating profits from its core business operations.
Similarly, the pretax margin and net profit margin have also shown a downward trend, indicating decreasing profitability levels before and after accounting for taxes. The net profit margin particularly highlights the company's ability to convert revenue into profit, and the decline from 33.91% in Q4 2022 to 13.27% in Q4 2023 is noteworthy.
Overall, Occidental Petroleum Corp. may need to focus on improving its cost-control measures and operational efficiency to enhance its profitability ratios in the future.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 27.69% | 30.92% | 33.98% | 39.05% | 40.01% | 39.78% | 35.36% | 29.27% | 25.38% | 21.02% | 16.97% | -8.42% | -10.46% | -10.87% | -11.46% | 8.03% | 7.17% | 2.87% | 15.10% | 17.89% |
| Return on assets (ROA) | 6.35% | 7.55% | 9.55% | 13.53% | 18.32% | 17.90% | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.62% | -19.07% | -18.36% | -14.35% | -3.79% | -0.92% | 0.85% | 8.58% | 9.13% |
| Return on total capital | 21.02% | 15.03% | 18.55% | 25.83% | 28.27% | 34.52% | 37.50% | 35.68% | 38.27% | 64.96% | 5.69% | -20.94% | -32.24% | -31.25% | -23.80% | -5.01% | -0.36% | -1.89% | 12.93% | 22.15% |
| Return on equity (ROE) | 15.52% | 18.51% | 23.35% | 32.79% | 44.22% | 44.97% | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -72.05% | -82.23% | -78.04% | -54.98% | -12.30% | -2.88% | 2.94% | 17.99% | 19.09% |
Occidental Petroleum Corp. has shown relatively consistent and strong profitability over the quarters. The Operating Return on Assets (Operating ROA) has ranged from 10.13% to 19.24% over the past eight quarters, indicating the company's ability to generate operating profits relative to its total assets. The Return on Assets (ROA) has exhibited a similar trend, varying between 5.07% and 17.11%, showing the company's overall ability to generate profit from its assets.
Additionally, the Return on Total Capital has fluctuated between 16.07% and 31.51%, showcasing the company's efficiency in utilizing both equity and debt to generate returns. The Return on Equity (ROE) has ranged from 12.40% to 41.29%, highlighting the company's ability to generate profits for its shareholders from the equity invested.
Overall, Occidental Petroleum Corp. has demonstrated solid profitability ratios over the past quarters, indicating effective management of assets and capital to generate returns for both the company and its shareholders.
See also:
Occidental Petroleum Corporation Profitability Ratios (Quarterly Data)