Occidental Petroleum Corporation (OXY)

Return on assets (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
Net income (ttm)	US$ in thousands	3,056,000	4,381,000	4,623,000	4,321,000	4,696,000	5,425,000	6,796,000	9,691,000	13,304,000	12,914,000	10,996,000	7,344,000	2,322,000	-327,000	-4,730,000	-12,964,000	-14,831,000	-14,858,000	-12,077,000	-3,311,000
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
ROA		3.58%	5.11%	6.07%	5.82%	6.35%	7.55%	9.55%	13.53%	18.32%	17.90%	14.82%	9.89%	3.09%	-0.43%	-5.92%	-16.34%	-18.52%	-17.60%	-13.50%	-3.26%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $3,056,000K ÷ $85,445,000K
= 3.58%

Occidental Petroleum Corporation's return on assets (ROA) has displayed a fluctuating trend over the past few years. Starting from negative values in the first half of 2020, the ROA improved gradually and turned positive by the end of 2021. The ROA continued to increase steadily throughout 2022, peaking at 18.32% by the end of December 2022. However, in the following quarters of 2023 and 2024, the ROA experienced a slight decline but remained at respectable levels above 5%.

Overall, Occidental Petroleum Corporation's ROA saw a significant turnaround from negative values to positive double-digit percentages, indicating an improvement in the company's efficiency in generating profits relative to its assets. The increasing trend in ROA reflects positively on the company's management of assets and operations during the period under review.