Filing Flows › Occidental Petroleum (OXY) › Q4 2024
Occidental Petroleum (OXY) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 18, 2025
Occidental Petroleum (OXY) reported revenue of $6.8B for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and -6% from the quarter before. Operating margin was -2.7%, net loss $120M (1.8% of revenue).
Occidental Petroleum, Q4 2024: revenue $6.8B (-6% year over year), operating margin -2.7%, net loss $120M, operating cash flow $3.4B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | -6% | -6% |
| Operating profit | −$185M | — | — |
| Net earnings | −$120M | — | — |
| Operating cash flow | $3.4B | -9% | +4% |
| Free cash flow | $1.6B | -21% | -7% |
What changed
Revenue was $6.8B in Q4 2024, down 6% year over year and down 6% from the previous quarter.
Operating costs exceeded revenue by $0.18B, an operating margin of -2.7%. Total costs grew 24% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+34%). The quarter ended with a net loss of $0.12B, after a profit of $1.1B the previous quarter.
Operating cash flow was $3.4B (up 4% year over year). Non-cash charges added back $2.0B of depreciation and amortization. Working capital and other items added $1.5B. Capital expenditures of $1.8B left free cash flow of $1.6B.
Questions
What was Occidental Petroleum's revenue in the fourth quarter 2024?
Occidental Petroleum (OXY) reported revenue of $6.8B for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and -6% from the quarter before.
Was Occidental Petroleum profitable in the fourth quarter 2024?
Operating loss was $185M (-2.7% of revenue) and net loss $120M.