Occidental Petroleum Corporation Company Profile
Occidental Petroleum Corporation
Chemical
- Type
Public
- Headquarters
The US
- Establishment
1920
- Key Management
Ms.Vicki Hollub(CEO)
- Revenue
~25,956(2021)
- Headcount
~14,400(2021)
- Website
Business Description
Occidental Petroleum Corporation is involved in the production, exploration, and market of natural gas and oil. The Chemical segment produces and markets basic chemicals also vinyl. The oil and Gas segment is responsible for the exploration, development, and production of oil and natural gases liquids and natural gas. The marketing and Midstream segments are responsible for transporting, gathering, processing, purchasing, transporting, and storing oil, condensate, and natural gas liquids.
Key Financials
Revenue (US$ Mn):
- US$ 25,956 Mn was the annual revenue generated by Occidental Petroleum Corporation in 2021
- Occidental Petroleum Corporation’s annual revenue for 2020 was US$ 17,809 Mn, a -12.67% decrease from 2019
- From 2018’s annual revenues, Occidental Petroleum Corporation registered a 14.41% increase in 2019, amounting to US$ 20,393 Mn
- Total revenue of US$ 17,824 Mn was generated in 2018 by Occidental Petroleum Corporation
Operating Income (US$ Mn):
- Occidental Petroleum Corporation’s operating income for 2021 was US$ 3,583 Mn, a -123.45% decrease from 2020
- The operating income generated by Occidental Petroleum Corporation in 2020 was US$ -15,282 Mn
- At a -44.99% decrease from , Occidental Petroleum Corporation’s operating income of US$ 2,815 Mn was indexed in 2019
- Occidental Petroleum Corporation generated an operating income of US$ 5,117 Mn in 2018
Net Income (US$ Mn):
- Occidental Petroleum Corporation’s net income for 2021 was US$ 2,790 Mn, a -120.62% decrease from 2020
- The net income generated by Occidental Petroleum Corporation in 2020 was US$ -13,533 Mn
- At a -116.15% decrease from , Occidental Petroleum Corporation’s net income of US$ -667 Mn was indexed in 2019
- Occidental Petroleum Corporation generated a net income of US$ 4,131 Mn in 2018
Operating Margin %:
- Occidental Petroleum Corporation’s operating margin for 2021 was 14%, a -116.08% decrease from 2020
- The operating margin generated by Occidental Petroleum Corporation in 2020 was -86%
- At a -51.92% decrease from , Occidental Petroleum Corporation’s operating margin of 14% was indexed in 2019
- Occidental Petroleum Corporation generated an operating margin of 29% in 2018
Gross Margin %:
- 63% was the gross margin generated by Occidental Petroleum Corporation in 2021
- Occidental Petroleum Corporation’s gross margin for 2020 was 52%, a 59.76% increase from 2019
- From 2018’s gross margins, Occidental Petroleum Corporation registered a -19.61% decrease in 2019, amounting to 33%
- A gross margin of 41% was generated in 2018 by Occidental Petroleum Corporation
SWOT Analysis
Strengths
Revenue performance
The company had a strong year of revenue. The company’s revenue for FY2019 was US$20.393 million, compared to US$17.824 million in FY2018. This represents a 14.4% annual growth. This was due to higher production activity at Permian Resource operations and increased domestic volumes related to Acquisition. A strong revenue growth allows the company to allocate sufficient funds for future growth prospects and increases investors’ trust in the company.
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