Return on Assets (ROA)
since 2005
Calculation
Occidental Petroleum Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Occidental1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 3.58% | = | 100 | × | 3,056) | ÷ | 85,445) |
| Dec 31, 2023 | 6.35% | = | 100 | × | 4,696) | ÷ | 74,008) |
| Dec 31, 2022 | 18.32% | = | 100 | × | 13,304) | ÷ | 72,609) |
| Dec 31, 2021 | 3.09% | = | 100 | × | 2,322) | ÷ | 75,036) |
| Dec 31, 2020 | -18.52% | = | 100 | × | (14,831) | ÷ | 80,064) |
| Dec 31, 2019 | -0.61% | = | 100 | × | (667) | ÷ | 109,330) |
| Dec 31, 2018 | 9.42% | = | 100 | × | 4,131) | ÷ | 43,854) |
| Dec 31, 2017 | 3.12% | = | 100 | × | 1,311) | ÷ | 42,026) |
| Dec 31, 2016 | -1.33% | = | 100 | × | (574) | ÷ | 43,109) |
| Dec 31, 2015 | -18.02% | = | 100 | × | (7,829) | ÷ | 43,437) |
| Dec 31, 2014 | 1.09% | = | 100 | × | 616) | ÷ | 56,259) |
| Dec 31, 2013 | 8.50% | = | 100 | × | 5,903) | ÷ | 69,443) |
| Dec 31, 2012 | 7.16% | = | 100 | × | 4,598) | ÷ | 64,210) |
| Dec 31, 2011 | 11.28% | = | 100 | × | 6,771) | ÷ | 60,044) |
| Dec 31, 2010 | 8.64% | = | 100 | × | 4,530) | ÷ | 52,432) |
| Dec 31, 2009 | 6.59% | = | 100 | × | 2,915) | ÷ | 44,229) |
| Dec 31, 2008 | 16.51% | = | 100 | × | 6,857) | ÷ | 41,537) |
| Dec 31, 2007 | 14.79% | = | 100 | × | 5,400) | ÷ | 36,519) |
| Dec 31, 2006 | 12.93% | = | 100 | × | 4,182) | ÷ | 32,355) |
| Dec 31, 2005 | 20.23% | = | 100 | × | 5,281) | ÷ | 26,108) |
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 financial performance from 2005 to 2024 is characterized by significant volatility in both profitability and asset base, resulting in a highly fluctuating Return on Assets (ROA) that reflects cyclical industry pressures and strategic shifts.
- Early Growth and Stabilization (2005–2013)
- A period of steady asset expansion occurred, with total assets increasing from $26.1 billion in 2005 to $69.4 billion in 2013. While net income remained consistently positive, ROA exhibited a general downward trajectory, declining from a high of 20.23% in 2005 to 8.50% by 2013, indicating that the growth in the asset base outpaced the growth in net earnings.
- First Major Volatility Cycle (2014–2018)
- A sharp contraction in performance was observed starting in 2014. Net income fell from $5.9 billion in 2013 to a substantial loss of $7.8 billion in 2015, driving the ROA to -18.02%. This period was marked by a significant reduction in total assets, which declined to approximately $42 billion by 2017. A recovery phase followed, with net income returning to positive territory and ROA rebounding to 9.42% by 2018.
- Asset Expansion and Critical Downturn (2019–2020)
- Total assets surged to a historic peak of $109.3 billion in 2019, though this expansion coincided with a shift to negative profitability, with a net loss of $667 million and an ROA of -0.61%. The following year, 2020, represented the most severe decline in the analyzed period, recording a net loss of $14.8 billion and an ROA of -18.52%.
- Recovery and Recent Normalization (2021–2024)
- A strong rebound was observed in 2022, where net income reached $13.3 billion and ROA peaked at 18.32%, the highest level since 2005. In the subsequent years, a trend toward normalization emerged; net income decreased to $3.06 billion by 2024, and ROA moderated to 3.58%, while total assets increased to $85.4 billion.
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Comparison to Competitors
Occidental Petroleum Corp., ROA, long-term trends, comparison to competitors
| Occidental Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 3.58% | 6.87% | 7.53% | 7.43% |
| Dec 31, 2023 | 6.35% | 8.17% | 11.42% | 9.57% |
| Dec 31, 2022 | 18.32% | 13.76% | 19.91% | 15.10% |
| Dec 31, 2021 | 3.09% | 6.52% | 8.91% | 6.80% |
| Dec 31, 2020 | -18.52% | -2.31% | -4.31% | -6.74% |
| Dec 31, 2019 | -0.61% | 1.23% | 10.20% | 3.95% |
| Dec 31, 2018 | 9.42% | 5.84% | 8.94% | 6.02% |
| Dec 31, 2017 | 3.12% | 3.62% | -1.17% | 5.65% |
| Dec 31, 2016 | -1.33% | -0.19% | -4.03% | 2.37% |
| Dec 31, 2015 | -18.02% | 1.72% | -4.54% | 4.80% |
| Dec 31, 2014 | 1.09% | 7.23% | 5.89% | 9.30% |
| Dec 31, 2013 | 8.50% | 8.44% | 7.76% | 9.39% |
| Dec 31, 2012 | 7.16% | 11.24% | 7.19% | 13.45% |
| Dec 31, 2011 | 11.28% | 12.84% | 8.12% | 12.40% |
| Dec 31, 2010 | 8.64% | 10.30% | 7.27% | 10.07% |
| Dec 31, 2009 | 6.59% | 6.37% | 3.18% | 8.26% |
| Dec 31, 2008 | 16.51% | 14.85% | -11.90% | 19.83% |
| Dec 31, 2007 | 14.79% | 12.56% | 6.69% | 16.78% |
| Dec 31, 2006 | 12.93% | 12.92% | 9.44% | 18.04% |
| Dec 31, 2005 | 20.23% | 11.20% | 12.64% | 17.34% |
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., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Occidental Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 3.58% | 7.27% |
| Dec 31, 2023 | 6.35% | 9.31% |
| Dec 31, 2022 | 18.32% | 15.25% |
| Dec 31, 2021 | 3.09% | 6.99% |
| Dec 31, 2020 | -18.52% | -4.83% |
| Dec 31, 2019 | -0.61% | 3.65% |
| Dec 31, 2018 | 9.42% | 6.26% |
| Dec 31, 2017 | 3.12% | 4.15% |
| Dec 31, 2016 | -1.33% | 0.55% |
| Dec 31, 2015 | -18.02% | 2.33% |
| Dec 31, 2014 | 1.09% | 8.01% |
| Dec 31, 2013 | 8.50% | 8.79% |
| Dec 31, 2012 | 7.16% | 11.62% |
| Dec 31, 2011 | 11.28% | 11.59% |
| Dec 31, 2010 | 8.64% | 9.45% |
| Dec 31, 2009 | 6.59% | 6.29% |
| Dec 31, 2008 | 16.51% | 9.80% |
| Dec 31, 2007 | 14.79% | 12.52% |
| Dec 31, 2006 | 12.93% | 13.98% |
| Dec 31, 2005 | 20.23% | 14.45% |
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., ROA, long-term trends, comparison to industry (energy)
| Occidental Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 3.58% | 7.37% |
| Dec 31, 2023 | 6.35% | 9.28% |
| Dec 31, 2022 | 18.32% | 14.84% |
| Dec 31, 2021 | 3.09% | 6.84% |
| Dec 31, 2020 | -18.52% | -6.08% |
| Dec 31, 2019 | -0.61% | 1.97% |
| Dec 31, 2018 | 9.42% | 5.95% |
| Dec 31, 2017 | 3.12% | 3.55% |
| Dec 31, 2016 | -1.33% | 0.27% |
| Dec 31, 2015 | -18.02% | 2.39% |
| Dec 31, 2014 | 1.09% | 8.02% |
| Dec 31, 2013 | 8.50% | 8.90% |
| Dec 31, 2012 | 7.16% | 11.40% |
| Dec 31, 2011 | 11.28% | 11.40% |
| Dec 31, 2010 | 8.64% | 9.36% |
| Dec 31, 2009 | 6.59% | 6.46% |
| Dec 31, 2008 | 16.51% | 10.21% |
| Dec 31, 2007 | 14.79% | 12.80% |
| Dec 31, 2006 | 12.93% | 14.07% |
| Dec 31, 2005 | 20.23% | 14.36% |
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).