Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Common-Size Income Statement
Quarterly Data

Occidental Petroleum Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: 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 sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Interest, dividends and other income 0.45 0.70 0.42 0.40 0.38 0.39 0.34 0.59 0.30 0.27 0.82 1.42 0.72 0.51 1.13 0.51 0.67 0.98 0.93 1.95
Gains (losses) on sales of assets, net 4.53 2.68 0.01 0.06 0.92 0.79 0.22 1.62 0.92 0.07 0.05 2.10 -20.24 -20.59 0.51 0.11 7.51 2.25 0.34 0.17
Revenues and other income 104.98% 103.38% 100.43% 100.46% 101.30% 101.18% 100.55% 102.20% 101.23% 100.34% 100.87% 103.51% 80.48% 79.92% 101.64% 100.62% 108.18% 103.24% 101.27% 102.12%
Oil and gas operating expense -17.81 -16.61 -16.86 -14.96 -13.42 -11.25 -9.41 -10.35 -10.65 -12.21 -11.95 -14.66 -17.04 -15.97 -21.55 -16.17 -14.68 -16.92 -16.22 -16.11
Transportation and gathering expense -5.01 -5.07 -5.60 -5.31 -4.70 -4.03 -3.41 -4.16 -4.63 -5.30 -6.11 -6.22 -7.81 -8.35 -12.53 -8.54 -5.41 -3.82 -0.75 -0.77
Chemical and midstream cost of sales -12.52 -9.53 -11.80 -10.31 -9.55 -8.89 -7.82 -9.80 -9.74 -10.76 -11.35 -11.22 -14.45 -15.04 -19.71 -9.25 -11.86 -13.03 -14.39 -16.71
Purchased commodities -6.99 -7.26 -7.31 -6.89 -8.03 -8.36 -9.66 -9.71 -8.53 -8.66 -8.17 -10.54 -10.94 -8.11 -7.31 -5.94 -7.04 -7.75 -9.75 -9.12
Selling, general and administrative expenses -4.28 -3.60 -4.13 -3.34 -3.14 -2.63 -2.29 -2.35 -3.54 -3.53 -2.97 -3.14 -5.02 -4.04 -7.68 -3.99 -5.36 -4.26 -3.69 -3.50
Other operating and non-operating expense -6.11 -4.58 -0.15 -4.26 -4.40 -3.40 -2.73 -3.58 -3.83 -3.77 -4.16 -4.87 -8.22 -5.62 -3.89 -2.98 -8.98 -6.38 -5.88 -5.94
Taxes other than on income -3.14 -4.05 -3.97 -4.24 -4.38 -4.55 -3.99 -4.01 -3.31 -4.26 -4.10 -3.97 -3.58 -4.38 -2.32 -3.40 -4.38 -3.48 -2.78 -2.77
Depreciation, depletion and amortization -24.02 -23.92 -25.50 -23.82 -22.13 -18.49 -16.19 -19.68 -24.85 -28.21 -39.80 -41.45 -42.16 -46.62 -72.37 -34.92 -36.15 -30.00 -23.33 -24.30
Asset impairments and other charges 0.00 0.00 -3.12 0.00 0.00 0.00 0.00 0.00 -1.66 -0.25 -0.35 -2.55 -2.09 -66.29 -220.97 -27.26 -16.49 -5.71 0.00 0.00
Anadarko acquisition-related costs -0.36 0.00 0.00 0.00 -0.09 -0.04 -0.12 -0.78 -0.39 -0.43 -0.87 -0.77 -0.89 -0.12 -5.09 -2.24 -10.71 -16.25 -1.13 0.00
Exploration expense -1.56 -1.75 -1.52 -1.41 -1.44 -0.50 -0.24 -0.30 -1.35 -0.46 -1.44 -0.53 -0.79 -0.71 -1.13 -0.56 -1.78 -1.11 -0.79 -0.90
Operating income (loss) 23.19% 27.00% 20.47% 25.91% 30.03% 39.05% 44.70% 37.49% 28.75% 22.51% 9.60% 3.59% -32.52% -95.33% -272.92% -14.64% -14.66% -5.47% 22.56% 22.00%
Interest and debt expense, net -3.44 -3.21 -3.43 -3.29 -3.16 -3.04 -1.07 -4.44 -4.87 -6.61 -6.46 -7.46 -9.83 -8.59 -10.59 -5.32 -6.91 -6.70 -3.46 -2.45
Income (loss) before income taxes and other items 19.74% 23.79% 17.04% 22.62% 26.86% 36.02% 43.63% 33.05% 23.88% 15.90% 3.14% -3.87% -42.36% -103.92% -283.50% -19.96% -21.57% -12.17% 19.10% 19.56%
Gains (losses) on interest rate swaps, net 0.00 0.00 0.00 0.00 -0.18 0.75 1.19 1.62 -0.35 -0.38 -3.74 7.54 3.61 2.14 -2.60 -8.85 4.23 -0.58 0.00 0.00
Income (loss) from equity investments and other 1.99 1.48 2.76 1.38 2.52 2.09 1.88 2.26 2.12 2.40 3.00 2.29 4.50 2.99 6.59 -2.01 1.58 1.83 2.19 1.82
Other items 1.99% 1.48% 2.76% 1.38% 2.34% 2.83% 3.07% 3.88% 1.77% 2.02% -0.74% 9.82% 8.10% 5.14% 4.00% -10.86% 5.81% 1.25% 2.19% 1.82%
Income (loss) from continuing operations before income taxes 21.74% 25.27% 19.80% 24.00% 29.20% 38.85% 46.70% 36.93% 25.65% 17.92% 2.40% 5.95% -34.25% -98.78% -279.51% -30.82% -15.76% -10.92% 21.29% 21.38%
Income tax (expense) benefit -5.03 -6.06 -6.97 -6.52 -5.75 -9.61 -11.53 21.48 -5.93 -5.70 -0.72 -0.30 6.63 9.81 50.14 0.38 -0.73 -2.04 -6.92 -5.62
Income (loss) from continuing operations 16.70% 19.21% 12.83% 17.48% 23.45% 29.24% 35.17% 58.40% 19.73% 12.22% 1.68% 5.65% -27.62% -88.97% -229.37% -30.44% -16.49% -12.96% 14.37% 15.76%
Income (loss) from discontinued operations, net of tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.30 -0.03 0.05 -8.41 0.89 1.95 -48.33 0.00 0.00 -0.26 0.00 0.00
Net income (loss) 16.70% 19.21% 12.83% 17.48% 23.45% 29.24% 35.17% 58.40% 19.42% 12.19% 1.73% -2.76% -26.73% -87.03% -277.70% -30.44% -16.49% -13.22% 14.37% 15.76%
Net income attributable to noncontrolling interests 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1.64 -0.74 0.00 0.00
Net income (loss) attributable to Occidental 16.70% 19.21% 12.83% 17.48% 23.45% 29.24% 35.17% 58.40% 19.42% 12.19% 1.73% -2.76% -26.73% -87.03% -277.70% -30.44% -18.13% -13.96% 14.37% 15.76%
Preferred stock dividends and redemption premiums -2.36 -3.06 -3.80 -3.88 -2.43 -2.13 -1.87 -2.40 -2.53 -2.94 -3.36 -3.78 -4.81 -4.94 -7.58 -3.31 -3.18 -2.07 0.00 0.00
Net income (loss) attributable to common stockholders 14.35% 16.15% 9.03% 13.61% 21.01% 27.11% 33.30% 56.01% 16.90% 9.25% -1.63% -6.54% -31.54% -91.97% -285.28% -33.75% -21.31% -16.04% 14.37% 15.76%

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Occidental Petroleum Corp. operating income (loss) as a percentage of net sales increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Occidental Petroleum Corp. income (loss) from continuing operations before income taxes as a percentage of net sales increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
Net income (loss) attributable to Occidental The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Occidental Petroleum Corp. net income (loss) attributable to Occidental as a percentage of net sales increased from Q2 2023 to Q3 2023 but then slightly decreased from Q3 2023 to Q4 2023.