NYSE$OXY
Occidental Petroleum Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Occidental reported a net loss of $297 million due to a significant environmental liability charge, despite strong operational performance.
Occidental delivered strong operational results with record production of 1,463 Mboed, exceeding guidance. However, a $1.1 billion environmental liability charge led to a net loss of $297 million. Adjusted EPS increased to $0.80, supported by solid oil and gas performance and cash flow. The company met its debt repayment target of $4.5 billion and announced $1.2 billion in divestitures.
- Net loss of $297 million due to a $1.1 billion environmental liability charge.
- Adjusted EPS increased to $0.80, up 8.1% YoY.
- Production reached 1,463 Mboed, exceeding guidance.
- Occidental met its $4.5 billion debt repayment goal.
Headline financials
Revenue & EPS history
Occidental · Revenue · Quarterly
$6.76B
Revenue by segment
Occidental · $6.15B total across 2 segments · Q3 2023
- Oil & Gas$5.59B-21.2%91.0%
- Midstream & Marketing$552M-45.1%9.0%
Forward guidance
Occidental remains focused on production growth and financial discipline, while addressing the environmental liability impact.
Tailwinds
- Expected continued strong production growth, especially in the Permian Basin.
- Ongoing cost efficiencies to maintain capital discipline.
- Potential cost recovery efforts for environmental liabilities.
- Continued shareholder returns through dividends and buybacks.
- Expansion in low-carbon initiatives for long-term sustainability.
Headwinds
- Ongoing legal and financial uncertainty related to environmental liabilities.
- Fluctuations in oil and gas prices may impact revenue.
- Higher interest expenses due to debt refinancing.
- Potential delays in asset divestitures.
- Regulatory uncertainties in key operating regions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+0.0%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+23.7%
Q3 2020
Best reaction
-13.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -7.1% | -7.2% | -4.0% | |
| Q1 2026 | +0.1% | -7.2% | -4.0% | |
| Q3 2025 | +0.8% | +2.3% | -1.4% | |
| Q2 2025 | +2.5% | +3.8% | +7.9% | |
| Q1 2025 | +6.1% | +13.8% | +9.0% | |
| Q4 2024 | +4.4% | +2.1% | -1.8% | |
| Q3 2024 | +0.6% | -1.7% | -5.2% | |
| Q2 2024 | +4.3% | +5.1% | -7.3% | |
| Q1 2024 | -2.1% | -2.2% | -7.6% | |
| Q4 2023 | +4.3% | +5.1% | +8.7% | |
| Q3 2023 | -1.0% | -1.2% | -8.7% | |
| Q2 2023 | -0.7% | +2.0% | +3.1% | |
| Q1 2023 | -3.6% | -1.5% | +1.3% | |
| Q4 2022 | -0.7% | +3.8% | +5.3% | |
| Q3 2022 | -10.6% | -2.2% | -16.1% | |
| Q2 2022 | -6.5% | -9.5% | +4.9% | |
| Q1 2022 | +3.9% | +10.8% | +12.7% | |
| Q4 2021 | +0.1% | +20.9% | +51.7% | |
| Q3 2021 | -1.3% | -0.3% | -13.9% | |
| Q2 2021 | -0.4% | +2.3% | +3.1% | |
| Q1 2021 | -10.4% | -8.4% | +3.5% | |
| Q4 2020 | +2.5% | +4.7% | +6.5% | |
| Q3 2020 | +23.7% | +17.9% | +93.7% | |
| Q2 2020 | -1.9% | -5.2% | -28.3% | |
| Q1 2020 | -13.7% | -3.2% | +0.2% | |
| Q4 2019 | -4.3% | -3.6% | -66.1% | |
| Q3 2019 | -0.9% | -5.2% | -9.1% | |
| Q2 2019 | +1.3% | -5.8% | -17.1% | |
| Q1 2019 | +3.0% | -5.1% | -18.2% | |
| Q4 2018 | +1.6% | +3.6% | +0.6% | |
| Q3 2018 | +7.4% | +7.7% | +2.0% | |
| Q2 2018 | -5.1% | -4.6% | -6.5% | |
| Q1 2018 | +6.6% | +10.0% | +11.9% | |
| Q4 2017 | -0.0% | -2.4% | -8.5% | |
| Q3 2017 | +4.3% | +5.0% | +7.3% | |
| Q2 2017 | +0.0% | +0.5% | -2.9% | |
| Q1 2017 | +0.4% | -0.5% | +0.9% | |
| Q4 2016 | +2.5% | -1.0% | -10.3% | |
| Q3 2016 | -7.0% | -8.7% | -2.2% | |
| Q2 2016 | +1.5% | +1.7% | +6.0% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +5.6% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +4.6% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +2.8% | — | — | |
| Q4 2012 | +2.8% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +6.1% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +4.8% | — | — | |
| Q2 2011 | -7.3% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2007 | +0.1% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q3 2010 | +3.1% | — | — | |
| Q1 2009 | -3.1% | — | — | |
| Q2 2010 | -3.1% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q4 2009 | +0.4% | — | — | |
| Q3 2008 | +4.8% | — | — | |
| Q3 2009 | +4.8% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q2 2008 | -0.9% | — | — |
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