Occidental Petroleum Corporation (OXY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	34,159,000	34,674,000	32,053,000	30,811,000	30,250,000	29,312,000	29,111,000	29,559,000	30,085,000	28,720,000	27,830,000	24,907,000	20,327,000	18,873,000	18,244,000	18,300,000	18,573,000	19,860,000	23,346,000	31,295,000
ROE		8.95%	12.63%	14.42%	14.02%	15.52%	18.51%	23.35%	32.79%	44.22%	44.97%	39.51%	29.49%	11.42%	-1.73%	-25.93%	-70.84%	-79.85%	-74.81%	-51.73%	-10.58%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,056,000K ÷ $34,159,000K
= 8.95%

Occidental Petroleum Corporation's return on equity (ROE) experienced a significant improvement from negative values in the range of -10.58% to -79.85% at the end of 2020 to positive values in the range of 8.95% to 44.97% by the end of 2024.

The company's ROE was fluctuating during the analyzed period, showing a recovery trend starting from 2021 and continuing into 2024. Notably, there was a substantial jump in ROE from the negative percentages to double-digit positive values by 2022, indicating a positive turnaround in the company's profitability and efficiency in generating returns to its shareholders' equity.

Occidental Petroleum Corporation's ROE continued to stabilize around the range of 8.95% to 44.97% from 2022 to 2024, suggesting a more consistent performance in utilizing its equity to generate profits. The gradual increase and maintenance of positive ROE values are indicative of the company's improved financial health and enhanced effectiveness in utilizing shareholders' equity to generate profits.

Overall, the trend from negative to positive ROE values over the analyzed period signals a positive transformation in Occidental Petroleum Corporation's profitability and efficiency, reflecting a more favorable outlook for the company's financial performance and its ability to create value for its shareholders.