Occidental Petroleum Revenue, Profits - OXY Annual Income Statement

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$67.21 $0.78 (1.15%) OXY stock closing price Feb 21, 2018 (Closing)

Financial analysis of Occidental Petroleum involves more than just checking the Occidental Petroleum stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. Like any other income statement, the OXY income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue decline of -19.15% when compared to the same period in the past. The Occidental Petroleum profit and loss statement for 2016 shows a net profit of $-574M. Profits for last year was $-7.83B. Apart from this an investor should also check Occidental Petroleum assets and Occidental Petroleum free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Occidental Petroleum Revenues or Net Sales
10.09B12.48B19.31B24.46B24.17B23.94B19.05B15.4B24.22B
Cost Of Goods Sold (COGS)5.19B5.8B6.8B7.56B7.84B7.39B6.11B5.36B7.42B
Occidental Petroleum Gross Profit
4.9B6.68B12.51B16.89B16.33B16.55B12.93B10.04B16.79B
Research & Development Expense62M36M150M256M345M258M262M267M327M
Selling General & Admin Expense2.34B11.87B-322M1.48B2.36B2.28B1.99B1.92B2.08B
Income Before Depreciation Depletion Amortization2.21B-5.38B12.6B15.04B13.49B13.72B10.57B7.72B14.26B
Depreciation Depletion Amortization4.27B4.54B4.26B5.35B4.51B3.59B3.15B3.12B2.71B
Non Operating Income---7.38B-621M-1.75B--275M-170M-647M
Interest Expense292M147M77M118M130M298M116M140M129M
Occidental Petroleum Pretax Income
-1.85B-9.68B1.22B9.28B7.39B10.46B7.36B4.67B11.37B
Provision for Income Taxes-662M-1.33B1.69B3.76B3.12B4.2B3B1.92B4.63B
MinorityInterest--14M13M--72M51M116M
Investment Gains Losses181M208M331M395M363M382M277M227M213M
Other Income---------
Income Before Extraordinaries & Disc Operations-1B-8.15B-130M5.92B4.64B6.64B4.64B2.98B6.84B
Extraordinary Items & Discontinued Operations428M317M760M-19M-37M131M-39M-12M18M
Occidental Petroleum Profit/ Loss (Net Income)
-574M-7.83B616M5.89B4.6B6.77B4.53B2.92B6.86B
Average Shares used to compute Diluted EPS763.8M765.6M781.4M804.6M810M812.9M813.8M813.8M820.8M
Average Shares used to compute Basic EPS763.8M765.6M781.1M804.1M809.3M812.1M812.5M811.3M817.6M
Income Before Nonrecurring Items-771M91M3.77B5.61B5.75B6.83B4.7B3.08B7.33B
Income from Nonrecurring Items-231M-8.24B-3.91B313.79M-1.12B-188M-134M-156M-491M
Occidental Petroleum Earnings Per Share Basic Net
-0.75-10.230.797.335.688.325.583.598.39
Occidental Petroleum Earnings Per Share Diluted Net
-0.75M-10.23M-7.32M5.67M8.32M5.56M3.58M8.35M
EPS Diluted Before Nonrecurring Items-1.010.124.836.957.098.395.783.798.95
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common3.052.976.102.562.161.841.471.311.21
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Occidental Petroleum stock analysis are:

  • Topline: A growing topline, as seen from the Occidental Petroleum revenue chart, as isn't the case with Occidental Petroleum indicates a sagging business. One needs to compare the YoY topline or sales growth of OXY stock with its peers like COP stock and MRO stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. OXY stock had a healthy bottom line growth.

The income statement is also called statement of revenue and expense. The OXY financials along with Occidental Petroleum historical stock prices provide a lot of details about the firm.

Occidental Petroleum Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
39.3
PS Ratio (price sales ratio)
3.9
Net Profit Margin
14.2
Dividend Yield
4.55%