Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Occidental Petroleum Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
Over the observed periods, all profitability and efficiency ratios exhibit a significant recovery and subsequent stabilization after an initial severe downturn. The earliest data points reveal deeply negative margins and returns, indicating a period of considerable financial distress or operational challenges. Specifically, operating profit margin shows a striking low near -80% in early 2020, reflecting substantial losses relative to revenues.
From mid-2020 onward, there is a marked improvement across all metrics. The operating profit margin climbs steadily, crossing into positive territory by late 2020 and peaking around the mid-2022 periods with values exceeding 38%. This positive momentum continues, although with a gradual decline observed in later periods, settling mostly in the low to mid-20% range through early 2025.
Net profit margin mirrors this trend closely, transitioning from deep losses to positive net profitability by late 2020. It reaches a high point slightly above 36% in late 2022, followed by a gradual decrease, ending just above 11% by early 2025. This suggests that profitability at the bottom line improved substantially but faced some compression in the most recent periods.
Return on equity follows a similar pattern but with even more pronounced peaks and troughs. Starting from approximately -80%, ROE surges sharply to above 44% by late 2022, indicating strong efficiency in generating shareholder returns during that period. However, a steady decline after the peak leads to single-digit returns by early 2025, signaling a reduction in equity profitability.
Return on assets presents a somewhat smoother trend with less extreme variance. Initially negative, it enters positive territory by late 2020 and peaks near 18% in late 2022. Subsequently, a modest downward trend is observed, with ROA stabilizing in the 3.5% to 6% range through early 2025, reflecting moderate asset utilization efficiency that is lower than during peak periods but still positive and stable.
- Profitability Trends
- The data indicate a recovery from significant losses in early 2020 to sustained profitability from late 2020 onwards. Operating and net profit margins show remarkable improvement, peaking in 2022, then softening gradually but remaining positive.
- Return Indicators
- Return on equity and return on assets both demonstrate recovery followed by peak performance in 2022, with ROE exhibiting larger volatility. Both metrics decline modestly after their respective peaks but maintain positive returns into 2025.
- Recent Period Performance
- In the most recent quarters, all ratios show some degree of decline from their peaks but sustain levels that suggest ongoing operational and financial viability. The reduction from peak profitability and returns may indicate market challenges, cost pressures, or strategic investments impacting earnings.
- Overall Insight
- The company experienced a significant turnaround from heavy losses to robust profitability and efficient use of equity and assets. Despite some weakening after peak levels in late 2022, the financial ratios remain positive, implying stabilized performance with moderate returns.
Return on Sales
Return on Investment
Operating Profit Margin
Occidental Petroleum Corp., operating profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating income (loss) | 1,511) | 5) | 1,740) | 1,645) | 993) | 1,663) | 1,933) | 1,372) | 1,872) | 2,468) | 3,667) | 4,772) | 3,130) | 2,275) | 1,529) | 572) | 190) | (1,353) | (3,916) | (7,991) | (968) | |||||||
| Net sales | 6,803) | 6,760) | 7,173) | 6,817) | 5,975) | 7,172) | 7,158) | 6,702) | 7,225) | 8,219) | 9,390) | 10,676) | 8,349) | 7,913) | 6,792) | 5,958) | 5,293) | 4,160) | 4,108) | 2,928) | 6,613) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | 17.79% | 16.40% | 22.26% | 22.99% | 22.07% | 24.21% | 26.09% | 29.74% | 35.99% | 38.32% | 38.11% | 34.71% | 25.87% | 17.59% | 4.22% | -23.09% | -79.26% | -79.89% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 13.48% | 14.63% | 13.22% | 14.15% | 14.73% | 15.37% | 18.06% | 19.98% | 21.92% | 21.42% | 21.03% | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | -6.22% | — | — | — | |||||||
| ConocoPhillips | 26.65% | 26.64% | 28.67% | 29.76% | 29.79% | 30.57% | 30.06% | 31.80% | 33.89% | 36.80% | 37.27% | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | -12.74% | — | — | — | |||||||
| Exxon Mobil Corp. | 14.50% | 14.74% | 14.99% | 15.19% | 15.03% | 16.24% | 17.15% | 19.54% | 21.37% | 19.07% | 18.60% | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | -14.85% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024
+ Operating income (loss)Q2 2024)
÷ (Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024
+ Net salesQ2 2024)
= 100 × (1,511 + 5 + 1,740 + 1,645)
÷ (6,803 + 6,760 + 7,173 + 6,817)
= 17.79%
2 Click competitor name to see calculations.
The financial data reveals significant fluctuations in operating income and net sales over the analyzed quarters, along with notable trends in operating profit margin.
- Operating Income (Loss)
- The company experienced substantial operating losses during the early period, with the most severe loss recorded in the second quarter of 2020. Following this, there is a marked recovery trend starting in early 2021, with operating income turning positive and continuing to grow sharply through the end of 2021 and into 2022. Despite some intermittent declines in late 2022 and early 2023, operating income generally remained positive. A notable downturn occurred towards the end of 2024, with operating income dropping sharply to nearly zero before rebounding again in the first quarter of 2025.
- Net Sales
- Net sales show a clear pattern of recovery and growth over the examined quarters. After a dip in the second quarter of 2020, net sales increased steadily, reaching a peak in mid-2022. Following this peak, net sales declined gradually through 2023 and fluctuated somewhat in the first quarters of 2024 and 2025. Overall, the trend suggests recovery from the low point in 2020 and sustained sales performance, although some volatility is present in the most recent periods.
- Operating Profit Margin
- The operating profit margin was deeply negative in early 2020, reflecting the operating losses during that period. It improved significantly starting at the beginning of 2021, turning positive and rising steadily through 2021 and early 2022. The margin peaked around mid-2022 but has since shown a declining trend, stabilizing at a moderate positive level in 2023 and early 2024. Despite fluctuations, the margin remained positive, indicating improved operational efficiency compared to the challenges faced at the early stages of the dataset.
In summary, the data indicates a recovery phase following significant downturns in 2020, with improving operating income and profit margins aligned with increasing net sales. Some volatility in later periods suggests external or operational factors affecting performance, yet overall trends reveal a strengthened financial position relative to the initial challenging quarters.
Net Profit Margin
Occidental Petroleum Corp., net profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | 936) | (127) | 1,133) | 1,162) | 888) | 1,198) | 1,375) | 860) | 1,263) | 1,927) | 2,746) | 3,755) | 4,876) | 1,537) | 828) | 103) | (146) | (1,112) | (3,575) | (8,131) | (2,013) | |||||||
| Net sales | 6,803) | 6,760) | 7,173) | 6,817) | 5,975) | 7,172) | 7,158) | 6,702) | 7,225) | 8,219) | 9,390) | 10,676) | 8,349) | 7,913) | 6,792) | 5,958) | 5,293) | 4,160) | 4,108) | 2,928) | 6,613) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | 11.27% | 11.43% | 16.14% | 17.05% | 16.00% | 16.62% | 18.51% | 21.55% | 27.29% | 36.32% | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -78.62% | -83.28% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 8.12% | 9.13% | 8.60% | 9.50% | 10.43% | 10.85% | 12.57% | 14.09% | 15.41% | 15.05% | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | — | — | — | |||||||
| ConocoPhillips | 16.62% | 16.89% | 18.01% | 18.93% | 19.19% | 19.52% | 18.67% | 19.37% | 20.97% | 23.80% | 24.06% | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | — | — | — | |||||||
| Exxon Mobil Corp. | 9.76% | 9.93% | 9.92% | 10.03% | 9.90% | 10.76% | 11.01% | 13.38% | 14.87% | 13.23% | 13.41% | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | -12.57% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to OccidentalQ1 2025
+ Net income (loss) attributable to OccidentalQ4 2024
+ Net income (loss) attributable to OccidentalQ3 2024
+ Net income (loss) attributable to OccidentalQ2 2024)
÷ (Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024
+ Net salesQ2 2024)
= 100 × (936 + -127 + 1,133 + 1,162)
÷ (6,803 + 6,760 + 7,173 + 6,817)
= 11.27%
2 Click competitor name to see calculations.
- Net Income (Loss) Attributable to Occidental
- The net income showed significant volatility over the periods analyzed. Beginning with a large loss of -2,013 million US dollars in March 2020, the losses deepened sharply to -8,131 million US dollars by June 2020. Following this trough, net income gradually improved, turning positive by mid-2021 with a value of 103 million US dollars in June 2021 and progressively increasing to a peak of 4,876 million US dollars in March 2022. After this peak, net income trended downward, albeit remaining positive, fluctuating between approximately 1,263 and 1,375 million US dollars through late 2023. The figure saw a further decline in early 2024, with a notable dip to -127 million US dollars in March 2025, before recovering to 936 million US dollars later in the same quarter.
- Net Sales
- Net sales exhibited a recovery and general growth pattern across the timeline. Starting at 6,613 million US dollars in March 2020, sales declined markedly to 2,928 million US dollars in June 2020, reflecting the early impact of external adverse conditions. From that low, sales steadily increased, surpassing pre-pandemic levels by mid-2021 and reaching a peak of 10,676 million US dollars in June 2022. Following this peak, sales figures showed some volatility but generally remained above the 6,700 million US dollar mark throughout 2023 and into 2024, indicating sustained demand and sales stability despite fluctuations.
- Net Profit Margin
- The net profit margin mirrored the trends in net income, illustrating a period of heavy losses followed by recovery and stabilization. No data was available for early 2020. Beginning in the third quarter of 2020, the margin was deeply negative, at approximately -83.28% and -78.62% by the fourth quarter, reflecting significant operational losses relative to sales. These margins improved substantially in 2021, moving from negative values into positive territory, reaching 8.95% in September and 25.31% by March 2022. From that point, profit margins stabilized at relatively high levels, fluctuating between roughly 16% and 36% throughout 2022 and 2023, before a gradual decline to around 11% by early 2025.
- Overall Trends and Insights
- The data reveals a pronounced impact from adverse conditions in early 2020, leading to significant losses and reduced sales. However, a strong recovery phase followed starting in late 2020, with net income turning positive and continuing to increase through early 2022, supported by rising sales and improving profitability. The peak in net sales and net income in early to mid-2022 indicates a period of enhanced operational performance or favorable market conditions. Thereafter, although net sales maintained relatively strong levels, net income and margins experienced some decline and volatility, including a brief return to a small net loss in early 2025, suggesting challenges to maintaining peak profitability. Overall, the company's financial performance shows resilience with a recovery from a period of steep losses to sustained positive earnings and margins in recent years, while also highlighting emerging pressures toward the end of the analyzed period.
Return on Equity (ROE)
Occidental Petroleum Corp., ROE calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | 936) | (127) | 1,133) | 1,162) | 888) | 1,198) | 1,375) | 860) | 1,263) | 1,927) | 2,746) | 3,755) | 4,876) | 1,537) | 828) | 103) | (146) | (1,112) | (3,575) | (8,131) | (2,013) | |||||||
| Stockholders’ equity | 34,712) | 34,159) | 34,674) | 32,053) | 30,811) | 30,250) | 29,312) | 29,111) | 29,559) | 30,085) | 28,720) | 27,830) | 24,907) | 20,327) | 18,873) | 18,244) | 18,300) | 18,573) | 19,860) | 23,346) | 31,295) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | 8.94% | 8.95% | 12.63% | 14.42% | 14.02% | 15.52% | 18.51% | 23.35% | 32.79% | 44.22% | 44.97% | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -70.84% | -79.85% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 10.49% | 11.59% | 10.68% | 11.76% | 12.64% | 13.28% | 15.41% | 19.05% | 22.44% | 22.27% | 21.53% | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | -4.21% | — | — | — | |||||||
| ConocoPhillips | 14.63% | 14.27% | 19.94% | 21.48% | 21.47% | 22.23% | 23.46% | 27.20% | 33.15% | 38.91% | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | — | — | — | |||||||
| Exxon Mobil Corp. | 12.63% | 12.77% | 12.55% | 12.73% | 15.98% | 17.58% | 19.09% | 24.48% | 29.54% | 27.04% | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
ROE = 100
× (Net income (loss) attributable to OccidentalQ1 2025
+ Net income (loss) attributable to OccidentalQ4 2024
+ Net income (loss) attributable to OccidentalQ3 2024
+ Net income (loss) attributable to OccidentalQ2 2024)
÷ Stockholders’ equity
= 100 × (936 + -127 + 1,133 + 1,162)
÷ 34,712 = 8.94%
2 Click competitor name to see calculations.
The financial data reflects notable fluctuations and trends in the company's profitability and equity performance over the periods analyzed.
- Net Income (Loss) Attributable to Occidental
-
The net income figures exhibit considerable volatility from 2020 through early 2025. There was a significant loss during the first half of 2020, with the lowest point recorded at -8,131 million USD in June 2020. Subsequently, the company moved to reduce losses, culminating in a positive turnaround by late 2021. From March 2021 onwards, net income remained positive with peaks occurring in early 2022, reaching up to 4,876 million USD in March 2022.
After this peak, there is a gradual decline in net income through 2023 and into early 2024, but values remain in positive territory until a loss reappears briefly in March 2025 before recovering again by the end of the period.
- Stockholders’ Equity
-
The stockholders’ equity shows an overall increasing trajectory over the period. Starting at approximately 31,295 million USD in the first quarter of 2020, equity declined notably during the initial quarters of 2020, reaching a low of 18,244 million USD in the second quarter of 2021. This is reflective of the losses incurred earlier.
From mid-2021 onwards, equity consistently increased, reaching a peak of around 34,712 million USD in the first quarter of 2025. This rising equity trend indicates strengthening financial position and accumulation of retained earnings over time.
- Return on Equity (ROE)
-
The return on equity proportionally reflects the company’s profitability relative to shareholders’ equity. During 2020, ROE was deeply negative with values as low as approximately -80% in the third quarter, indicating heavy losses relative to equity. The metric improved steadily through 2021, turning positive in mid-2021 and then rising sharply to peak values above 44% during late 2021 and early 2022.
Following these peaks, ROE gradually tapered down through 2023 and 2024, settling to single-digit positive levels approaching 9% by early 2025. This downward trend alongside steady equity growth suggests that while profitability remains positive, returns relative to the larger equity base are moderating.
In summary, the company experienced a challenging period with high losses and declining equity in 2020, followed by a significant recovery in profitability and equity growth beginning in 2021. The improvements in net income and ROE indicate enhanced operational performance, although the moderation of ROE in the later periods suggests some consolidation of growth as the equity base expands.
Return on Assets (ROA)
Occidental Petroleum Corp., ROA calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | 936) | (127) | 1,133) | 1,162) | 888) | 1,198) | 1,375) | 860) | 1,263) | 1,927) | 2,746) | 3,755) | 4,876) | 1,537) | 828) | 103) | (146) | (1,112) | (3,575) | (8,131) | (2,013) | |||||||
| Total assets | 84,967) | 85,445) | 85,803) | 76,216) | 74,277) | 74,008) | 71,827) | 71,199) | 71,600) | 72,609) | 72,144) | 74,221) | 74,222) | 75,036) | 75,758) | 79,937) | 79,355) | 80,064) | 84,434) | 89,452) | 101,643) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | 3.65% | 3.58% | 5.11% | 6.07% | 5.82% | 6.35% | 7.55% | 9.55% | 13.53% | 18.32% | 17.90% | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.34% | -18.52% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 6.11% | 6.87% | 6.43% | 7.18% | 7.76% | 8.17% | 9.65% | 11.98% | 13.98% | 13.76% | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | — | — | — | |||||||
| ConocoPhillips | 7.68% | 7.53% | 10.29% | 11.13% | 11.10% | 11.42% | 11.96% | 14.43% | 17.32% | 19.91% | 19.04% | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | -4.31% | — | — | — | |||||||
| Exxon Mobil Corp. | 7.34% | 7.43% | 7.30% | 7.41% | 8.68% | 9.57% | 10.24% | 13.41% | 15.89% | 14.29% | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
1 Q1 2025 Calculation
ROA = 100
× (Net income (loss) attributable to OccidentalQ1 2025
+ Net income (loss) attributable to OccidentalQ4 2024
+ Net income (loss) attributable to OccidentalQ3 2024
+ Net income (loss) attributable to OccidentalQ2 2024)
÷ Total assets
= 100 × (936 + -127 + 1,133 + 1,162)
÷ 84,967 = 3.65%
2 Click competitor name to see calculations.
The financial data reveals several notable trends over the observed periods. Net income attributable to the entity shows significant volatility, with large losses recorded in early 2020, particularly in the first two quarters. Following this period, net income transitions into positive territory with increasing amounts through 2021 and reaching a peak in the first quarter of 2022. Subsequently, income figures show a downward trend with fluctuations, declining sharply at the end of 2024 before partially recovering in early 2025.
Total assets demonstrate a general declining trend from early 2020 through late 2022, falling from over 100 billion US dollars to approximately 72 billion US dollars. From late 2022 onward, assets exhibit gradual stabilization and growth, rising back toward the mid-80 billion US dollar range by early 2025.
Return on assets (ROA) follows a pattern consistent with the net income trend but measured as a percentage. Initial periods show negative ROA values, indicative of losses relative to asset base. From late 2020, ROA steadily improves, turning positive and reaching a high near 18% at the end of 2021. Thereafter, it declines progressively but remains positive, settling around 3.5% by early 2025.
- Net Income (attributable)
- Initial quarters marked by significant losses give way to strong positive earnings through 2021 and early 2022, followed by a period of decline and volatility with a notable loss late 2024 and subsequent partial recovery in early 2025.
- Total Assets
- Experience a consistent decline over the first two years, then stabilize and incrementally increase toward the end of the timeline, suggesting a phase of asset reduction followed by asset accumulation or revaluation.
- Return on Assets (ROA)
- Improves from negative to strongly positive through 2021 indicating enhanced asset efficiency and profitability, then gradually declines but remains positive, indicating sustained, albeit reduced, returns relative to asset base.
Overall, the data reflects a recovery phase following substantial early losses, with effective asset utilization peaking in late 2021, followed by moderate normalization in earnings and returns. Asset management appears adaptive, with a strategic reduction followed by stabilization and selective growth during later periods.