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OXY

Occidental Petroleum Corp.

$64.61

Earnings Summary

Revenue
$10676Mn
Net Profits
$3555Mn
Net Profit Margins
33.3%
PE Ratio
6.33

Highlights

Revenue:

Occidental Petroleum Corp.’s revenue jumped 79.19% since last year same period to $10676Mn in the Q2 2022. On a quarterly growth basis, Occidental Petroleum Corp. has generated 27.87% jump in its revenue since last 3-months.

Net Profits:

Occidental Petroleum Corp.’s net profit jumped 3351.46% since last year same period to $3555Mn in the Q2 2022. On a quarterly growth basis, Occidental Petroleum Corp. has generated -23.97% fall in its net profits since last 3-months.

Net Profit Margins:

Occidental Petroleum Corp.’s net profit margin jumped 1826.17% since last year same period to 33.3% in the Q2 2022. On a quarterly growth basis, Occidental Petroleum Corp. has generated -40.54% fall in its net profit margins since last 3-months.

PE Ratio:

Occidental Petroleum Corp.’s price-to-earnings ratio after this Q2 2022 earnings stands at 6.33.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Occidental Petroleum Corp. post its latest quarter earnings

EPS Estimate Current Quarter
3.02
EPS Estimate Current Year
3.02

Highlights

EPS Estimate Current Quarter:

Occidental Petroleum Corp.’s earning per share (EPS) estimates for the current quarter stand at 3.02 - a 48.77% jump from last quarter’s estimates.

EPS Estimate Current Year:

Occidental Petroleum Corp.’s earning per share (EPS) estimates for the current year stand at 3.02.

Key Ratios

Key ratios of the Occidental Petroleum Corp. post its Q2 2022 earnings

Earning Per Share (EPS)
3.16
Return on Assets (ROA)
0.09
Return on Equity (ROE)
0.48
Dividend Per Share (DPS)
0.28

Highlights

Earning Per Share (EPS):

Occidental Petroleum Corp.’s earning per share (EPS) jumped 887.5% since last year same period to 3.16 in the Q2 2022. This indicates that the Occidental Petroleum Corp. has generated 887.5% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

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 Corp.’s return on assets (ROA) stands at 0.09.

Earning Per Share (EPS):

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 Corp.’s return on equity (ROE) stands at 0.48.

Dividend Per Share (DPS):

Occidental Petroleum Corp. declared 0.28 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-10
2.03
2.12
4.43%
2022-08-02
3.02
3.16
4.64%

Company Information

Occidental is an international energy company with assets in the United States, Middle East, Africa and Latin America. It is one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Its midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Its chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Its Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow its business while reducing emissions. It is committed to using its global leadership in carbon management to advance a lower-carbon world.

Organisation
Occidental Petroleum Corp.
Headquarters
Houston, Texas, US
Employees
11.8K
Industry
Energy Minerals
CEO
Vicki Hollub