Occidental Petroleum Corporation stock research
FY2024 Q4
Occidental Petroleum (OXY) Gross Margin — Quarter Ended Dec 31, 2024
In the current quarter, revenue was unchanged from the same quarter last year, while gross profit increased and cost of revenue decreased, resulting in an improved gross margin. Compared to the prior quarter, revenue and gross profit were lower, and gross margin weakened.
Gross margin takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
In the current quarter, revenue was unchanged from the same quarter last year, while gross profit increased and cost of revenue decreased, resulting in an improved gross margin. Compared to the prior quarter, revenue and gross profit were lower, and gross margin weakened.
- The most significant factor affecting gross margin was the change in cost of revenue relative to revenue. Year-over-year, cost of revenue declined while revenue held steady, boosting margin. Sequentially, revenue fell more sharply than cost of revenue, compressing margin.
- Gross margin improved compared to the same quarter one year earlier, but weakened compared to the immediately preceding quarter.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
77.1%
Gross profit
$1.7B
Revenue
$2.2B
Cost of revenue
$494.0M
Quarter-over-quarter change
-10.2 pts
Year-over-year change
+17.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2024 | $6.7B | $5.9B | $828.0M | 87.7% |
| Jun 30, 2024 | $6.8B | $5.9B | $910.0M | 86.6% |
| Sep 30, 2024 | $7.0B | $6.1B | $889.0M | 87.3% |
| Dec 31, 2024 | $2.2B | $1.7B | $494.0M | 77.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2024
-10.2 pts
Year-over-year change
Dec 31, 2023
+17.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most significant factor affecting gross margin was the change in cost of revenue relative to revenue. Year-over-year, cost of revenue declined while revenue held steady, boosting margin. Sequentially, revenue fell more sharply than cost of revenue, compressing margin.
Gross margin improved compared to the same quarter one year earlier, but weakened compared to the immediately preceding quarter.
Monitor the trend in cost of revenue, as its proportion to revenue has a substantial influence on gross margin.