Occidental Historical Income Statement
OXY Stock | USD 67.39 0.39 0.58% |
Historical analysis of Occidental Petroleum income statement accounts such as Gross Profit of 6.9 B can show how well Occidental Petroleum performed in making a profits. Evaluating Occidental Petroleum income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Occidental Petroleum's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Occidental Petroleum latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Occidental Petroleum is a good buy for the upcoming year.
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About Occidental Income Statement Analysis
Occidental Petroleum Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Occidental Petroleum shareholders. The income statement also shows Occidental investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Occidental Petroleum Income Statement Chart
Occidental Petroleum Income Statement is one of the three primary financial statements used for reporting Occidental's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Occidental Petroleum revenue and expense. Occidental Petroleum Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Occidental Petroleum's Non Recurring is fairly stable compared to the past year. Non Operating Income Net Other is likely to rise to about 1.3 B in 2024, whereas Total Revenue is likely to drop slightly above 17.8 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Occidental Petroleum generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Occidental Petroleum minus its cost of goods sold. It is profit before Occidental Petroleum operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Occidental Petroleum. It is also known as Occidental Petroleum overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Occidental Petroleum's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Occidental Petroleum current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.At this time, Occidental Petroleum's Non Recurring is fairly stable compared to the past year. Non Operating Income Net Other is likely to rise to about 1.3 B in 2024, whereas Total Revenue is likely to drop slightly above 17.8 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.9B | 17.6B | 10.1B | 6.9B | Total Revenue | 26.0B | 36.6B | 28.3B | 17.8B |
Occidental Petroleum income statement Correlations
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Occidental Petroleum Account Relationship Matchups
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Occidental Petroleum income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 6.0B | 8.1B | 8.4B | 6.9B | 6.9B | 7.2B | |
Interest Expense | 1.1B | 1.4B | 1.6B | 1.0B | 945M | 992.3M | |
Total Revenue | 20.4B | 17.8B | 26.0B | 36.6B | 28.3B | 17.8B | |
Gross Profit | 6.1B | 1.2B | 7.9B | 17.6B | 10.1B | 6.9B | |
Other Operating Expenses | 17.6B | 19.1B | 21.3B | 23.0B | 21.8B | 13.7B | |
Operating Income | 3.4B | (770M) | 5.5B | 14.6B | 4.7B | 3.5B | |
Ebit | 3.4B | (770M) | 5.5B | 14.6B | 7.1B | 3.7B | |
Ebitda | 9.4B | 7.3B | 13.9B | 21.5B | 14.0B | 14.6B | |
Cost Of Revenue | 14.3B | 16.6B | 18.1B | 19.0B | 18.1B | 10.8B | |
Total Operating Expenses | 3.3B | 2.5B | 3.2B | 4.0B | 3.7B | 2.9B | |
Income Before Tax | 186M | (15.7B) | 3.7B | 14.1B | 6.4B | 6.8B | |
Total Other Income Expense Net | (3.2B) | (14.9B) | (1.8B) | (494M) | 821M | 862.1M | |
Net Income | (507M) | (13.5B) | 2.3B | 13.3B | 3.8B | 3.9B | |
Income Tax Expense | 693M | (2.2B) | 915M | 813M | 1.7B | 1.2B | |
Selling General Administrative | 882M | 864M | 2.9B | 2.7B | 1.1B | 1.4B | |
Extraordinary Items | 10M | 25M | (15M) | (1.3B) | (468M) | 0.0 | |
Net Income Applicable To Common Shares | (985M) | (15.7B) | 1.5B | 12.5B | 11.3B | 11.8B | |
Net Income From Continuing Ops | (507M) | (13.5B) | 2.8B | 13.3B | 4.7B | 4.9B | |
Non Recurring | 1.9B | 471M | 405M | 305M | 350.8M | 428.7M | |
Non Operating Income Net Other | 606M | (53M) | 753M | 1.1B | 1.3B | 1.3B | |
Tax Provision | 693M | (2.2B) | 915M | 813M | 1.7B | 1.8B | |
Interest Income | 217M | 3.1B | 669M | 388M | 139M | 132.1M | |
Net Interest Income | (849M) | (1.3B) | (1.4B) | (877M) | (806M) | (846.3M) | |
Reconciled Depreciation | 6.0B | 8.1B | 8.4B | 6.9B | 6.9B | 7.0B |
Occidental Petroleum Investors Sentiment
The influence of Occidental Petroleum's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Occidental. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Occidental Petroleum's public news can be used to forecast risks associated with an investment in Occidental. The trend in average sentiment can be used to explain how an investor holding Occidental can time the market purely based on public headlines and social activities around Occidental Petroleum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Occidental Petroleum's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Occidental Petroleum's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Occidental Petroleum's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Occidental Petroleum.
Occidental Petroleum Implied Volatility | 34.23 |
Occidental Petroleum's implied volatility exposes the market's sentiment of Occidental Petroleum stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Occidental Petroleum's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Occidental Petroleum stock will not fluctuate a lot when Occidental Petroleum's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Occidental Petroleum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Occidental Petroleum's short interest history, or implied volatility extrapolated from Occidental Petroleum options trading.
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Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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Is Occidental Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Occidental Petroleum. If investors know Occidental will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Occidental Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Dividend Share 0.72 | Earnings Share 3.9 | Revenue Per Share 31.778 | Quarterly Revenue Growth (0.13) |
The market value of Occidental Petroleum is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.