Occidental Petroleum Corporation stock research
FY2025 Q1
Occidental Petroleum (OXY) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and gross profit were higher than the prior quarter but lower than the same quarter last year. Gross margin improved sequentially but weakened slightly compared to a year ago.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue and gross profit were higher than the prior quarter but lower than the same quarter last year. Gross margin improved sequentially but weakened slightly compared to a year ago.
- The sequential improvement in gross margin was driven by revenue increasing at a faster rate than cost of revenue.
- Compared to the prior quarter, revenue, gross profit, and cost of revenue were all higher, with gross margin improving. Compared to the same quarter last year, revenue and gross profit were lower, cost of revenue was slightly lower, and gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
86.2%
Gross profit
$5.0B
Revenue
$5.8B
Cost of revenue
$801.0M
Quarter-over-quarter change
+9.1 pts
Year-over-year change
-1.5 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 |
|---|---|---|---|---|
| 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% |
| Mar 31, 2025 | $5.8B | $5.0B | $801.0M | 86.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
+9.1 pts
Year-over-year change
Mar 31, 2024
-1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was driven by revenue increasing at a faster rate than cost of revenue.
Compared to the prior quarter, revenue, gross profit, and cost of revenue were all higher, with gross margin improving. Compared to the same quarter last year, revenue and gross profit were lower, cost of revenue was slightly lower, and gross margin was slightly lower.
Monitor the trend of cost of revenue relative to revenue in upcoming quarters.