Occidental Petroleum Corporation (OXY)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	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	-13,186,000	-15,272,000	-15,499,000	-12,836,000	-3,848,000	-985,000	1,060,000	3,841,000	4,054,000
Total stockholders’ equity	US$ in thousands	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	34,232,000	36,080,000	21,347,000	21,236,000
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $4,696,000K ÷ $30,250,000K
= 15.52%

Occidental Petroleum Corp.'s return on equity (ROE) has shown a declining trend over the past eight quarters, starting at 26.10% in Q1 2022 and steadily dropping to 12.40% in Q4 2023. The company experienced its highest ROE of 41.88% in Q3 2022. This fluctuation in ROE indicates varying levels of profitability and efficiency in generating profits from shareholders' equity. The decreasing trend in ROE may raise concerns about the company's ability to effectively utilize shareholder funds to generate returns. Further analysis of Occidental Petroleum Corp.'s financial performance and operational efficiency is recommended to determine the underlying factors contributing to the fluctuating ROE.