Occidental Petroleum (OXY) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.1B
Revenue reported for this quarter.
Quarter-over-quarter
-14.4%
Change from the immediately preceding quarter.
Year-over-year
-13.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $10.4B | +69.6% |
| Sep 30, 2022 | $9.4B | +36.0% |
| Dec 31, 2022 | $8.3B | +6.6% |
| Mar 31, 2023 | $7.1B | -13.4% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline. Compared with the same quarter one year earlier, revenue also decreased.
Quarterly comparison
Revenue in the current quarter fell from the prior quarter and from the same quarter a year ago. The trend data shows that revenue peaked in the middle of the prior fiscal year and has since declined each quarter.
What to watch
Monitor whether the sequential revenue decline continues in the upcoming quarter.