Earnings Summary

Occidental Petroleum Corporation’s revenue fell -17.3% since last year same period to $5975Mn in the Q1 2024. On a quarterly growth basis, Occidental Petroleum Corporation has generated -16.69% fall in its revenue since last 3-months.

Occidental Petroleum Corporation’s net profit fell -9.11% since last year same period to $888Mn in the Q1 2024. On a quarterly growth basis, Occidental Petroleum Corporation has generated -25.88% fall in its net profits since last 3-months.

Occidental Petroleum Corporation’s net profit margin jumped 9.91% since last year same period to 14.86% in the Q1 2024. On a quarterly growth basis, Occidental Petroleum Corporation has generated -11.03% fall in its net profit margins since last 3-months.

Occidental Petroleum Corporation’s price-to-earnings ratio after this Q1 2024 earnings stands at 17.36.

Occidental Petroleum Corporation’s earning per share (EPS) estimates for the current quarter stand at 0.8 - a 33.33% jump from last quarter’s estimates.

Occidental Petroleum Corporation’s earning per share (EPS) estimates for the current year stand at 0.8.

Occidental Petroleum Corporation’s earning per share (EPS) fell -42.2% since last year same period to 0.63 in the Q1 2024. This indicates that the Occidental Petroleum Corporation has generated -42.2% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Occidental Petroleum Corporation’s return on assets (ROA) stands at 0.04.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Occidental Petroleum Corporation’s return on equity (ROE) stands at 0.14.

Occidental Petroleum Corporation declared 0.22 dividend per share during the earnings announcement for Q1 2024.