Net Profit Margin
since 2005
Calculation
Occidental Petroleum Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to Occidental1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 11.43% | = | 100 | × | 3,056) | ÷ | 26,725) |
| Dec 31, 2023 | 16.62% | = | 100 | × | 4,696) | ÷ | 28,257) |
| Dec 31, 2022 | 36.32% | = | 100 | × | 13,304) | ÷ | 36,634) |
| Dec 31, 2021 | 8.95% | = | 100 | × | 2,322) | ÷ | 25,956) |
| Dec 31, 2020 | -83.28% | = | 100 | × | (14,831) | ÷ | 17,809) |
| Dec 31, 2019 | -3.27% | = | 100 | × | (667) | ÷ | 20,393) |
| Dec 31, 2018 | 23.18% | = | 100 | × | 4,131) | ÷ | 17,824) |
| Dec 31, 2017 | 10.48% | = | 100 | × | 1,311) | ÷ | 12,508) |
| Dec 31, 2016 | -5.69% | = | 100 | × | (574) | ÷ | 10,090) |
| Dec 31, 2015 | -62.73% | = | 100 | × | (7,829) | ÷ | 12,480) |
| Dec 31, 2014 | 3.19% | = | 100 | × | 616) | ÷ | 19,312) |
| Dec 31, 2013 | 24.14% | = | 100 | × | 5,903) | ÷ | 24,455) |
| Dec 31, 2012 | 19.02% | = | 100 | × | 4,598) | ÷ | 24,172) |
| Dec 31, 2011 | 28.28% | = | 100 | × | 6,771) | ÷ | 23,939) |
| Dec 31, 2010 | 23.79% | = | 100 | × | 4,530) | ÷ | 19,045) |
| Dec 31, 2009 | 18.92% | = | 100 | × | 2,915) | ÷ | 15,403) |
| Dec 31, 2008 | 28.31% | = | 100 | × | 6,857) | ÷ | 24,217) |
| Dec 31, 2007 | 28.75% | = | 100 | × | 5,400) | ÷ | 18,784) |
| Dec 31, 2006 | 23.68% | = | 100 | × | 4,182) | ÷ | 17,661) |
| Dec 31, 2005 | 34.73% | = | 100 | × | 5,281) | ÷ | 15,208) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin over the analyzed period exhibits extreme volatility, characterized by cyclical peaks and deep troughs. The financial performance reflects a high sensitivity to market fluctuations, with periods of substantial profitability interrupted by acute net losses.
- Initial Stability and Performance (2005–2013)
- Between 2005 and 2013, the net profit margin remained consistently positive, generally fluctuating between 18.92% and 34.73%. The highest margin of this period was recorded in 2005 at 34.73%, indicating a period of strong operational efficiency and favorable revenue-to-cost ratios.
- First Major Contraction (2014–2016)
- A sharp decline in profitability began in 2014, with the margin dropping to 3.19%. This trend accelerated into a severe deficit in 2015, where the net profit margin collapsed to -62.73%. A marginal improvement followed in 2016, although the margin remained negative at -5.69%.
- Intermittent Recovery and Extreme Volatility (2017–2020)
- The period from 2017 to 2019 showed a volatile recovery, with margins reaching 23.18% in 2018 before dipping back into negative territory at -3.27% in 2019. This instability culminated in 2020, which represents the lowest point in the dataset with a net profit margin of -83.28%, corresponding to a net loss of 14.8 billion US dollars.
- Recent Rebound and Normalization (2021–2024)
- A significant recovery is observed starting in 2021, peaking in 2022 with a net profit margin of 36.32%, the highest value recorded since 2005. This peak aligned with the period's maximum net sales of 36.6 billion US dollars. Since 2022, a moderating trend has emerged, with margins decreasing to 16.62% in 2023 and further to 11.43% in 2024.
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Comparison to Competitors
Occidental Petroleum Corp., net profit margin, long-term trends, comparison to competitors
| Occidental Petroleum Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 11.43% | 9.13% | 16.89% | 9.93% |
| Dec 31, 2023 | 16.62% | 10.85% | 19.52% | 10.76% |
| Dec 31, 2022 | 36.32% | 15.05% | 23.80% | 13.98% |
| Dec 31, 2021 | 8.95% | 10.04% | 17.63% | 8.33% |
| Dec 31, 2020 | -83.28% | -5.87% | -14.38% | -12.57% |
| Dec 31, 2019 | -3.27% | 2.09% | 22.07% | 5.61% |
| Dec 31, 2018 | 23.18% | 9.33% | 17.18% | 7.46% |
| Dec 31, 2017 | 10.48% | 6.83% | -2.94% | 8.31% |
| Dec 31, 2016 | -5.69% | -0.45% | -15.26% | 3.59% |
| Dec 31, 2015 | -62.73% | 3.53% | -14.98% | 6.22% |
| Dec 31, 2014 | 3.19% | 9.60% | 13.08% | 8.25% |
| Dec 31, 2013 | 24.14% | 9.73% | 16.83% | 7.74% |
| Dec 31, 2012 | 19.02% | 11.35% | 14.54% | 9.90% |
| Dec 31, 2011 | 28.28% | 11.01% | 5.08% | 8.79% |
| Dec 31, 2010 | 23.79% | 9.60% | 6.00% | 8.23% |
| Dec 31, 2009 | 18.92% | 6.26% | 3.25% | 6.39% |
| Dec 31, 2008 | 28.31% | 9.03% | -7.06% | 9.84% |
| Dec 31, 2007 | 28.75% | 8.73% | 6.34% | 10.40% |
| Dec 31, 2006 | 23.68% | 8.36% | 8.47% | 10.81% |
| Dec 31, 2005 | 34.73% | 7.28% | 7.54% | 10.07% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Occidental Petroleum Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Occidental Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 11.43% | 10.31% |
| Dec 31, 2023 | 16.62% | 11.63% |
| Dec 31, 2022 | 36.32% | 15.41% |
| Dec 31, 2021 | 8.95% | 9.78% |
| Dec 31, 2020 | -83.28% | -10.51% |
| Dec 31, 2019 | -3.27% | 5.71% |
| Dec 31, 2018 | 23.18% | 8.83% |
| Dec 31, 2017 | 10.48% | 7.00% |
| Dec 31, 2016 | -5.69% | 1.06% |
| Dec 31, 2015 | -62.73% | 3.89% |
| Dec 31, 2014 | 3.19% | 9.06% |
| Dec 31, 2013 | 24.14% | 9.08% |
| Dec 31, 2012 | 19.02% | 10.72% |
| Dec 31, 2011 | 28.28% | 8.41% |
| Dec 31, 2010 | 23.79% | 8.03% |
| Dec 31, 2009 | 18.92% | 5.60% |
| Dec 31, 2008 | 28.31% | 5.40% |
| Dec 31, 2007 | 28.75% | 8.99% |
| Dec 31, 2006 | 23.68% | 9.57% |
| Dec 31, 2005 | 34.73% | 8.71% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Occidental Petroleum Corp., net profit margin, long-term trends, comparison to industry (energy)
| Occidental Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 11.43% | 10.43% |
| Dec 31, 2023 | 16.62% | 11.68% |
| Dec 31, 2022 | 36.32% | 15.29% |
| Dec 31, 2021 | 8.95% | 9.70% |
| Dec 31, 2020 | -83.28% | -13.06% |
| Dec 31, 2019 | -3.27% | 3.11% |
| Dec 31, 2018 | 23.18% | 8.68% |
| Dec 31, 2017 | 10.48% | 6.15% |
| Dec 31, 2016 | -5.69% | 0.54% |
| Dec 31, 2015 | -62.73% | 4.04% |
| Dec 31, 2014 | 3.19% | 9.21% |
| Dec 31, 2013 | 24.14% | 9.44% |
| Dec 31, 2012 | 19.02% | 10.84% |
| Dec 31, 2011 | 28.28% | 8.58% |
| Dec 31, 2010 | 23.79% | 8.29% |
| Dec 31, 2009 | 18.92% | 5.89% |
| Dec 31, 2008 | 28.31% | 5.80% |
| Dec 31, 2007 | 28.75% | 9.37% |
| Dec 31, 2006 | 23.68% | 9.82% |
| Dec 31, 2005 | 34.73% | 8.84% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).