Return on Equity (ROE)
since 2005
Calculation
Occidental Petroleum Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to Occidental1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 8.95% | = | 100 | × | 3,056) | ÷ | 34,159) |
| Dec 31, 2023 | 15.52% | = | 100 | × | 4,696) | ÷ | 30,250) |
| Dec 31, 2022 | 44.22% | = | 100 | × | 13,304) | ÷ | 30,085) |
| Dec 31, 2021 | 11.42% | = | 100 | × | 2,322) | ÷ | 20,327) |
| Dec 31, 2020 | -79.85% | = | 100 | × | (14,831) | ÷ | 18,573) |
| Dec 31, 2019 | -1.95% | = | 100 | × | (667) | ÷ | 34,232) |
| Dec 31, 2018 | 19.37% | = | 100 | × | 4,131) | ÷ | 21,330) |
| Dec 31, 2017 | 6.37% | = | 100 | × | 1,311) | ÷ | 20,572) |
| Dec 31, 2016 | -2.67% | = | 100 | × | (574) | ÷ | 21,497) |
| Dec 31, 2015 | -32.15% | = | 100 | × | (7,829) | ÷ | 24,350) |
| Dec 31, 2014 | 1.76% | = | 100 | × | 616) | ÷ | 34,959) |
| Dec 31, 2013 | 13.69% | = | 100 | × | 5,903) | ÷ | 43,126) |
| Dec 31, 2012 | 11.49% | = | 100 | × | 4,598) | ÷ | 40,016) |
| Dec 31, 2011 | 18.00% | = | 100 | × | 6,771) | ÷ | 37,620) |
| Dec 31, 2010 | 13.95% | = | 100 | × | 4,530) | ÷ | 32,484) |
| Dec 31, 2009 | 10.02% | = | 100 | × | 2,915) | ÷ | 29,081) |
| Dec 31, 2008 | 25.12% | = | 100 | × | 6,857) | ÷ | 27,300) |
| Dec 31, 2007 | 23.66% | = | 100 | × | 5,400) | ÷ | 22,823) |
| Dec 31, 2006 | 21.80% | = | 100 | × | 4,182) | ÷ | 19,184) |
| Dec 31, 2005 | 35.13% | = | 100 | × | 5,281) | ÷ | 15,032) |
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 Return on Equity (ROE) over the analyzed period exhibits extreme volatility, characterized by cycles of high profitability, severe contractions, and rapid recoveries. The metric demonstrates a high sensitivity to fluctuations in net income, reflecting significant exposure to external market shocks and internal financial restructuring.
- Period of Moderate Stability (2005–2013)
- During this timeframe, ROE remained consistently positive, although it experienced a general downward trajectory from a peak of 35.13% in 2005 to 13.69% in 2013. This period was marked by steady growth in stockholders' equity, which increased from 15.03 billion to 43.13 billion, suggesting a phase of capital accumulation and stable returns.
- First Cycle of Contraction (2014–2016)
- A sharp decline in performance is observed starting in 2014, with ROE dropping to 1.76%. This trend accelerated into negative territory, reaching a low of -32.15% in 2015. This downturn correlates with a significant reduction in stockholders' equity and a shift toward net losses, indicating a period of substantial financial distress.
- Recovery and Extreme Volatility (2017–2020)
- A temporary recovery occurred between 2017 and 2018, with ROE climbing back to 19.37%. However, this stability was short-lived, leading into the most severe collapse in the data set. In 2020, ROE plummeted to -79.85%, driven by a net loss of 14.83 billion, which represents the most significant negative deviation in the entire series.
- Recent Rebound and Normalization (2021–2024)
- The period following 2020 is characterized by a dramatic rebound. ROE surged to 44.22% in 2022, the highest level recorded since 2005, coinciding with a peak net income of 13.30 billion. Since this peak, the ROE has entered a phase of normalization, trending downward to 15.52% in 2023 and 8.95% by the end of 2024, as stockholders' equity expanded to 34.16 billion.
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Comparison to Competitors
Occidental Petroleum Corp., ROE, long-term trends, comparison to competitors
| Occidental Petroleum Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 8.95% | 11.59% | 14.27% | 12.77% |
| Dec 31, 2023 | 15.52% | 13.28% | 22.23% | 17.58% |
| Dec 31, 2022 | 44.22% | 22.27% | 38.91% | 28.58% |
| Dec 31, 2021 | 11.42% | 11.24% | 17.79% | 13.67% |
| Dec 31, 2020 | -79.85% | -4.21% | -9.05% | -14.28% |
| Dec 31, 2019 | -1.95% | 2.03% | 20.55% | 7.48% |
| Dec 31, 2018 | 19.37% | 9.59% | 19.59% | 10.87% |
| Dec 31, 2017 | 6.37% | 6.21% | -2.79% | 10.50% |
| Dec 31, 2016 | -2.67% | -0.34% | -10.34% | 4.69% |
| Dec 31, 2015 | -32.15% | 3.00% | -11.14% | 9.45% |
| Dec 31, 2014 | 1.76% | 12.41% | 13.23% | 18.65% |
| Dec 31, 2013 | 13.69% | 14.37% | 17.58% | 18.72% |
| Dec 31, 2012 | 11.49% | 19.18% | 17.56% | 27.06% |
| Dec 31, 2011 | 18.00% | 22.16% | 19.07% | 26.59% |
| Dec 31, 2010 | 13.95% | 18.10% | 16.57% | 20.74% |
| Dec 31, 2009 | 10.02% | 11.41% | 7.78% | 17.44% |
| Dec 31, 2008 | 25.12% | 27.62% | -30.81% | 40.03% |
| Dec 31, 2007 | 23.66% | 24.24% | 13.36% | 33.35% |
| Dec 31, 2006 | 21.80% | 24.86% | 18.82% | 34.70% |
| Dec 31, 2005 | 35.13% | 22.50% | 25.66% | 32.50% |
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., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Occidental Petroleum Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 8.95% | 12.60% |
| Dec 31, 2023 | 15.52% | 16.46% |
| Dec 31, 2022 | 44.22% | 27.31% |
| Dec 31, 2021 | 11.42% | 13.24% |
| Dec 31, 2020 | -79.85% | -9.63% |
| Dec 31, 2019 | -1.95% | 6.59% |
| Dec 31, 2018 | 19.37% | 11.08% |
| Dec 31, 2017 | 6.37% | 7.66% |
| Dec 31, 2016 | -2.67% | 1.07% |
| Dec 31, 2015 | -32.15% | 4.49% |
| Dec 31, 2014 | 1.76% | 15.37% |
| Dec 31, 2013 | 13.69% | 16.83% |
| Dec 31, 2012 | 11.49% | 22.69% |
| Dec 31, 2011 | 18.00% | 23.57% |
| Dec 31, 2010 | 13.95% | 18.98% |
| Dec 31, 2009 | 10.02% | 13.07% |
| Dec 31, 2008 | 25.12% | 20.47% |
| Dec 31, 2007 | 23.66% | 24.73% |
| Dec 31, 2006 | 21.80% | 27.20% |
| Dec 31, 2005 | 35.13% | 28.14% |
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., ROE, long-term trends, comparison to industry (energy)
| Occidental Petroleum Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 8.95% | 12.96% |
| Dec 31, 2023 | 15.52% | 16.67% |
| Dec 31, 2022 | 44.22% | 26.98% |
| Dec 31, 2021 | 11.42% | 13.21% |
| Dec 31, 2020 | -79.85% | -12.46% |
| Dec 31, 2019 | -1.95% | 3.63% |
| Dec 31, 2018 | 19.37% | 10.63% |
| Dec 31, 2017 | 6.37% | 6.58% |
| Dec 31, 2016 | -2.67% | 0.52% |
| Dec 31, 2015 | -32.15% | 4.61% |
| Dec 31, 2014 | 1.76% | 15.28% |
| Dec 31, 2013 | 13.69% | 16.85% |
| Dec 31, 2012 | 11.49% | 22.06% |
| Dec 31, 2011 | 18.00% | 22.94% |
| Dec 31, 2010 | 13.95% | 18.51% |
| Dec 31, 2009 | 10.02% | 13.29% |
| Dec 31, 2008 | 25.12% | 21.20% |
| Dec 31, 2007 | 23.66% | 25.23% |
| Dec 31, 2006 | 21.80% | 27.51% |
| Dec 31, 2005 | 35.13% | 28.17% |
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).