Earnings Summary

Occidental Petroleum Corporation’s revenue jumped 2.58% since last year same period to $6875Mn in the Q2 2024. On a quarterly growth basis, Occidental Petroleum Corporation has generated 15.06% jump in its revenue since last 3-months.

Occidental Petroleum Corporation’s net profit jumped 35.12% since last year same period to $1162Mn in the Q2 2024. On a quarterly growth basis, Occidental Petroleum Corporation has generated 30.86% jump in its net profits since last 3-months.

Occidental Petroleum Corporation’s net profit margin jumped 31.72% since last year same period to 16.9% in the Q2 2024. On a quarterly growth basis, Occidental Petroleum Corporation has generated 13.73% jump in its net profit margins since last 3-months.

Occidental Petroleum Corporation’s price-to-earnings ratio after this Q2 2024 earnings stands at 14.19.

Occidental Petroleum Corporation’s earning per share (EPS) estimates for the current quarter stand at 0.88 - a 14.29% jump from last quarter’s estimates.

Occidental Petroleum Corporation’s earning per share (EPS) estimates for the current year stand at 0.88.

Occidental Petroleum Corporation’s earning per share (EPS) jumped 51.47% since last year same period to 1.03 in the Q2 2024. This indicates that the Occidental Petroleum Corporation has generated 51.47% annual rate of jump 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 0.05.

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 Q2 2024.