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Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $21.6B | $11.7B | $2.3B | $4.1B | 8.4% | -1.9% | -23.9% |
| 2024 | $22.0B | $11.4B | $3.1B | $5.2B | 11.8% | -4.9% | -34.9% |
| 2023 | $23.2B | $11.6B | $4.7B | $6.6B | 21.4% | -36.8% | -64.7% |
| 2022 | $36.6B | $22.1B | $13.3B | $12.3B | 65.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 36,634 | 23,156 | 22,019 | 21,593 |
| Cost Of Revenue | - | 18,989 | 14,723 | 13,728 | 14,050 |
| Gross Profit | - | 17,645 | 8,433 | 8,291 | 7,543 |
| Operating Expense | - | 3,980 | 3,680 | 3,593 | 3,821 |
| Operating Income | - | 13,665 | 4,753 | 4,698 | 3,722 |
| EBITDA | - | 22,073 | 11,642 | 11,385 | 11,664 |
| EBIT | - | 15,147 | 5,193 | 4,434 | 4,131 |
| Pretax Income | - | 14,117 | 4,236 | 3,265 | 3,052 |
| Tax Provision | - | 813 | 1,330 | 1,158 | 1,021 |
| Net Income | - | 13,304 | 4,696 | 3,056 | 2,326 |
| Net Income Common Stockholders | - | 12,421 | 3,750 | 2,364 | 1,612 |
| Total Expenses | - | 22,969 | 18,403 | 17,321 | 17,871 |
| Interest Expense | - | 1,030 | 957 | 1,169 | 1,079 |
| Interest Income | - | 153 | 153 | 192 | 219 |
| Selling General And Administration | - | 945 | 987 | 960 | 986 |
| Normalized EBITDA | - | 21,537 | 11,355 | 11,841 | 11,474 |
| Normalized Income | - | 12,800.16 | 3,122.49 | 3,167.76 | 1,936.70 |
| Market Cap | 56,645.63 | 56,645.63 | 56,645.63 | 56,645.63 | 56,645.63 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporationthis co. | OXY | $80.5B | 24.35 | 2.04 | 8.4% | 6.69 |
| The Williams Companies, Inc. | WMB | $88.3B | 33.71 | 6.91 | 20.5% | 15.86 |
| SLB N.V. | SLB | $79.8B | 24.98 | 3.23 | 12.9% | 13.35 |
| Valero Energy Corporation | VLO | $73.1B | 30.04 | 2.97 | 9.9% | 11.54 |
| EOG Resources, Inc. | EOG | $72.3B |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 14.32 |
| 2.39 |
| 16.7% |
| 6.90 |
| Kinder Morgan, Inc. | KMI | $70.8B | 23.11 | 2.27 | 9.8% | 14.26 |
| Marathon Petroleum Corporation | MPC | $68.5B | 16.31 | 3.81 | 23.4% | 8.28 |
| Diamondback Energy, Inc. | FANG | $56.6B | 32.93 | 1.48 | 4.5% | 9.69 |
| ONEOK, Inc. | OKE | $54.7B | 16.25 | 2.45 | 15.1% | 11.28 |
| Peer Median | - | 24.04 | 2.71 | 14.0% | 11.41 | |