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: 2025-06-30), 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).
- Operating Profit Margin
-
The operating profit margin exhibits a significant turnaround from a deeply negative figure of -79.26% in the first quarter of 2021 to a positive peak exceeding 38% in the last quarter of 2022. This improvement reflects a strong recovery and operational efficiency enhancement over this period.
Following the peak in late 2022, there is a noticeable decline, with the margin decreasing gradually to around 15-18% by the second quarter of 2025. Despite the downward trend in recent quarters, the margin remains positive and substantially higher compared to the early 2021 levels.
- Net Profit Margin
-
The net profit margin mirrors the general trend of the operating margin, starting from a negative territory of approximately -79% in early 2021 and rising to a high of around 36% by the end of 2022. This indicates improved profitability after accounting for all expenses, taxes, and interest.
Subsequently, the net margin shows a declining trajectory but maintains positive values, stabilizing around 8.8% by mid-2025. This reduction suggests increasing pressures on the net earnings post-2022, though profitability remains solid compared to initial levels.
- Return on Equity (ROE)
-
ROE reflects a similar recovery pattern, starting with a negative return of -70.84% early in 2021, advancing sharply to a peak of approximately 45% in the last quarter of 2022. This rise indicates improved effectiveness in generating profit from shareholders’ equity during this period.
After reaching its peak, ROE consistently declines to values near 6.7% by mid-2025, suggesting reduced profitability relative to equity. The downward trend may indicate challenges such as margin compression or increased equity base not matched by proportional earnings growth.
- Return on Assets (ROA)
-
ROA shows a marked improvement from a negative 16.34% in early 2021 to a positive high of 18.32% at the end of 2022, demonstrating a significant enhancement in asset utilization and overall operational efficiency.
Following this peak, ROA declines steadily to around 2.8% by mid-2025, indicating a weakening capacity to generate returns from total assets. This pattern may reflect asset base growth outpacing net income increases or declining profitability in asset-intensive operations.
- Overall Trends and Insights
-
Across all reported ratios, the data reveals a pronounced recovery and strengthening from the first quarter of 2021 through the end of 2022. This phase is characterized by turning deeply negative margins and returns into strong profitability and efficient utilization of equity and assets.
Subsequent to this recovery peak, a gradual but persistent decline in profitability and return metrics is observed through mid-2025. Although margins and returns remain positive and significantly improved relative to early 2021, the downward trend suggests emerging challenges in sustaining high profitability levels.
This pattern may reflect a response to external economic conditions, operational constraints, or competitive pressures reducing profit margins and efficiency in later periods. Continuous monitoring and strategic adjustments may be necessary to address these trends.
Return on Sales
Return on Investment
Operating Profit Margin
Occidental Petroleum Corp., operating profit margin calculation (quarterly data)
| Jun 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Operating income (loss) | 990) | 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) | ||||||
| Net sales | 6,414) | 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) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Operating profit margin1 | 15.64% | 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% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||
| Chevron Corp. | 12.42% | 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% | ||||||
| ConocoPhillips | 25.41% | 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% | ||||||
| Exxon Mobil Corp. | 14.05% | 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% | ||||||
Based on: 10-Q (reporting date: 2025-06-30), 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).
1 Q2 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q2 2025
+ Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024)
÷ (Net salesQ2 2025
+ Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024)
= 100 × (990 + 1,511 + 5 + 1,740)
÷ (6,414 + 6,803 + 6,760 + 7,173)
= 15.64%
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income displayed significant growth from early 2021 through mid-2022, rising from $190 million in March 2021 to a peak of $4,772 million in June 2022. This strong upward trajectory reversed somewhat in the second half of 2022 and into 2023, with values declining to the range of $1,372 million to $1,933 million. A notable drop occurred at the end of 2024, plunging to just $5 million, before rebounding sharply to $1,511 million in the following quarter. Overall, operating income exhibited considerable volatility, with periods of robust growth followed by steep declines.
- Net Sales
- Net sales followed a pattern of steady increase beginning at $5,293 million in March 2021 and peaking at $10,676 million in June 2022. Subsequently, sales experienced a decline with fluctuations between roughly $6,400 million and $7,200 million from late 2022 through mid-2025. Despite some short-term recoveries, there was no sustained return to the mid-2022 peak levels. The trend suggests that while net sales grew significantly through mid-2022, market conditions or operational factors led to a tapering and stabilization at a lower range in subsequent periods.
- Operating Profit Margin (%)
- The operating profit margin showed a dramatic improvement from a deeply negative -79.26% in March 2021 to positive margins exceeding 38% by the end of 2022. This increasing margin indicates growing efficiency and profitability during this time, peaking around the fourth quarter of 2022. However, the margin began to decline steadily afterward, dropping to about 22% in early 2024 and further decreasing to approximately 15-17% by mid-2025. This downward trend in operating profit margin alongside fluctuating operating income suggests rising costs or decreasing operational effectiveness relative to sales in the later periods.
- General Insights
- The data reveals an overall expansion phase from early 2021 through mid-2022 characterized by increases in net sales, operating income, and profit margins, indicating favorable business conditions and effective management of expenses. After mid-2022, the company experienced a period of contraction or adjustment, with decreasing sales and operating income, accompanied by a reduction in profitability margins. The pronounced volatility in operating income, particularly the extreme drop at the end of 2024, indicates potential operational disruptions or extraordinary items impacting earnings. While net sales maintained relative stability at lower levels post-peak, the declining profit margins point to challenges in maintaining cost controls or pricing power.
Net Profit Margin
Occidental Petroleum Corp., net profit margin calculation (quarterly data)
| Jun 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | 458) | 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) | ||||||
| Net sales | 6,414) | 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) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Net profit margin1 | 8.84% | 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% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||
| Chevron Corp. | 7.31% | 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% | ||||||
| ConocoPhillips | 15.89% | 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% | ||||||
| Exxon Mobil Corp. | 9.42% | 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% | ||||||
Based on: 10-Q (reporting date: 2025-06-30), 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).
1 Q2 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to OccidentalQ2 2025
+ Net income (loss) attributable to OccidentalQ1 2025
+ Net income (loss) attributable to OccidentalQ4 2024
+ Net income (loss) attributable to OccidentalQ3 2024)
÷ (Net salesQ2 2025
+ Net salesQ1 2025
+ Net salesQ4 2024
+ Net salesQ3 2024)
= 100 × (458 + 936 + -127 + 1,133)
÷ (6,414 + 6,803 + 6,760 + 7,173)
= 8.84%
2 Click competitor name to see calculations.
The financial data over the examined quarters reveal notable fluctuations in key performance indicators, particularly net income, net sales, and net profit margin. These metrics demonstrate varying trends reflecting the company's operational and market conditions throughout the period.
- Net Income (Loss) Attributable to Occidental (US$ in millions)
- The net income shows considerable volatility. Beginning with a loss of 146 million USD in the first quarter of 2021, the company reported a strong recovery and growth in net income, reaching a peak of 4,876 million USD by the first quarter of 2022. Following this peak, the net income generally declined over the subsequent quarters, with intermittent recoveries, before dropping sharply to negative 127 million USD in the fourth quarter of 2024. Thereafter, the net income partially recovered to 936 million USD in the first quarter of 2025 but decreased again to 458 million USD in the second quarter of 2025. This pattern suggests periods of high profitability interspersed with challenges affecting earnings.
- Net Sales (US$ in millions)
- Net sales increased substantially from 5,293 million USD in the first quarter of 2021 to a high of 10,676 million USD in the second quarter of 2022. This represents a significant growth phase in sales revenue. After this peak, sales figures decreased and fluctuated between approximately 5,975 million and 7,173 million USD for the subsequent quarters, culminating in a value of 6,414 million USD in the second quarter of 2025. This indicates a period of contraction and stabilization in sales following the rapid growth phase.
- Net Profit Margin (%)
- The net profit margin exhibits substantial changes corresponding to the variations in net income and sales. Initially negative at -78.62% in the first quarter of 2021, the margin improved to a positive 36.32% by the last quarter of 2021, maintaining relatively high profitability through 2022 with margins consistently above 16%. However, from 2023 onwards, the margin declined steadily, falling to 8.84% by the second quarter of 2025. This downward trend suggests a reduction in profitability relative to sales, possibly due to increased costs, pricing pressures, or other operational challenges.
Overall, the period under review highlights a trajectory of initial recovery and expansion in both sales and profitability, followed by a period of decline and volatility in earnings and margins. These trends warrant further investigation into cost management, market conditions, and other external factors impacting financial performance.
Return on Equity (ROE)
Occidental Petroleum Corp., ROE calculation (quarterly data)
| Jun 30, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | 458) | 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) | ||||||
| Stockholders’ equity | 35,722) | 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) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROE1 | 6.72% | 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% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||
| Chevron Corp. | 9.37% | 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% | ||||||
| ConocoPhillips | 14.01% | 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% | ||||||
| Exxon Mobil Corp. | 11.81% | 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% | ||||||
Based on: 10-Q (reporting date: 2025-06-30), 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).
1 Q2 2025 Calculation
ROE = 100
× (Net income (loss) attributable to OccidentalQ2 2025
+ Net income (loss) attributable to OccidentalQ1 2025
+ Net income (loss) attributable to OccidentalQ4 2024
+ Net income (loss) attributable to OccidentalQ3 2024)
÷ Stockholders’ equity
= 100 × (458 + 936 + -127 + 1,133)
÷ 35,722 = 6.72%
2 Click competitor name to see calculations.
The analysis of the company’s quarterly financial data reveals notable fluctuations in net income, stockholders’ equity, and return on equity (ROE) over the observed periods.
- Net Income (Loss) Attributable to Occidental
-
There is a clear upward trajectory in net income from March 31, 2021, through March 31, 2023, beginning with a loss of $146 million, followed by steady increases peaking at $1,263 million. Subsequently, net income demonstrates variability with periods of growth and decline; after reaching $1,375 million in Q3 2023, it decreases somewhat but remains generally positive through June 30, 2024. From December 31, 2024, to March 31, 2025, net income sharply decreases and turns negative at -$127 million, and then returns positive but at lower levels by mid-2025. This pattern suggests volatility influenced by external or operational factors affecting profitability.
- Stockholders’ Equity
-
Stockholders’ equity shows a consistent upward trend across the entire timeframe, increasing from $18,300 million at the beginning of 2021 to approximately $35,722 million by the second quarter of 2025. Despite minor fluctuations in some quarters, the overall increase is substantial, reflecting the company’s retained earnings accumulation and possible equity financing activities, contributing to a stronger capital base.
- Return on Equity (ROE)
-
The ROE exhibits significant improvement from negative levels in early 2021, starting at -70.84%, indicating initial losses relative to equity. It then increases sharply, reaching a high of approximately 44.97% around Q3 2022, which aligns with the peak net income during the same period. After this peak, ROE gradually declines but remains positive, tapering down to approximately 6.72% by mid-2025. This decline suggests that despite the continuing growth in equity, net income has not kept pace to sustain previously higher profitability levels.
In summary, the company experienced strong profitability growth through mid-2022 into early 2023, paralleled by increases in equity and efficiency as measured by ROE. The latter periods show deceleration in profitability and returns, with increased volatility in net income including a brief return to loss in early 2025, despite continued growth in equity. This indicates a potential moderation in financial performance and effectiveness in using equity to generate profit in the most recent periods observed.
Return on Assets (ROA)
Occidental Petroleum Corp., ROA calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Occidental | 458) | 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) | ||||||
| Total assets | 84,360) | 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) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROA1 | 2.84% | 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% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||
| Chevron Corp. | 5.47% | 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% | ||||||
| ConocoPhillips | 7.49% | 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% | ||||||
| Exxon Mobil Corp. | 6.93% | 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% | ||||||
Based on: 10-Q (reporting date: 2025-06-30), 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).
1 Q2 2025 Calculation
ROA = 100
× (Net income (loss) attributable to OccidentalQ2 2025
+ Net income (loss) attributable to OccidentalQ1 2025
+ Net income (loss) attributable to OccidentalQ4 2024
+ Net income (loss) attributable to OccidentalQ3 2024)
÷ Total assets
= 100 × (458 + 936 + -127 + 1,133)
÷ 84,360 = 2.84%
2 Click competitor name to see calculations.
- Net Income (Loss) Attributable to Occidental
- The net income exhibited significant volatility over the analyzed periods. Starting with a loss of US$146 million in the first quarter of 2021, the company experienced a strong recovery and growth phase through 2021 and early 2022, reaching a peak of US$4,876 million in the first quarter of 2022. Following this peak, a downward trend in net income is observed throughout the remainder of 2022 and into 2023, with values generally declining quarter-over-quarter. The lowest positive net income during this period was US$860 million in the second quarter of 2023. The data for late 2023 and early 2024 indicate some improvement, with net income values generally rising again, peaking around US$1,375 million in the third quarter of 2023. However, a notable decline occurred in the fourth quarter of 2024, resulting in a loss of US$127 million for the first quarter of 2025, followed by a moderate recovery in the subsequent quarters.
- Total Assets
- Total assets showed a relatively stable yet slightly fluctuating pattern throughout the period. Assets began at approximately US$79.4 billion in early 2021 and maintained a generally steady level near this mark through 2022 and early 2023. A gradual increase occurred starting mid-2023, with assets rising from around US$71.2 billion to a peak of about US$85.8 billion at the end of 2024. This upward movement indicates investment or asset accumulation during this period. There is a slight decrease observed in the first half of 2025, with total assets declining to approximately US$84.4 billion by mid-2025.
- Return on Assets (ROA)
- ROA demonstrated a strong positive trend starting from a deeply negative value of -16.34% in the first quarter of 2021, improving progressively through the year into positive territory by the fourth quarter of 2021 (3.09%). The ratio continued to increase markedly throughout 2022, reaching a high of 18.32% by the end of that year, reflecting effective asset utilization and profitability during this period. However, from 2023 onward, a clear decline in ROA is apparent, with values trending downward from 13.53% in the first quarter of 2023 to a low of 2.84% by the middle of 2025. This decline suggests diminishing efficiency in generating earnings from asset investments, coinciding with the downward trend in net income observed during the same timeframe.
- Overall Financial Trends
- The company’s financial performance over the analyzed quarterly periods exhibits a cycle of recovery, growth, and subsequent contraction phases. The early quarters showed a strong rebound from losses to significant profitability, accompanied by a rise in asset levels and improving efficiency metrics. Post-2022, the company experienced a sustained decrease in profits and ROA, despite an increase in total assets, implying challenges in converting asset growth into proportionate net earnings. The loss recorded in the first quarter of 2025 marks a notable deviation from the generally positive income levels since early 2021, highlighting potential operational or market-related pressures that could warrant further investigation. The moderate recovery following the loss indicates some resilience, but the overall trend points to increased volatility and caution in future expectations.