Occidental Petroleum (OXY) Revenue — Quarter Ended Jun 30, 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 periods.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
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 periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.6B
Revenue reported for this quarter.
Quarter-over-quarter
-7.2%
Change from the immediately preceding quarter.
Year-over-year
-36.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$31.4B
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 |
|---|---|---|
| Sep 30, 2022 | $9.4B | +36.0% |
| Dec 31, 2022 | $8.3B | +6.6% |
| Mar 31, 2023 | $7.1B | -13.4% |
| Jun 30, 2023 | $6.6B | -36.2% |
Revenue performance
The reported revenue moved lower for the quarter, marking a further step in the sequential decline from the prior period.
Quarterly comparison
Revenue was lower than both the immediately preceding quarter and the same quarter one year earlier, with the year-over-year decline being more pronounced than the sequential drop.
What to watch
Monitor whether the downward revenue trajectory continues in upcoming quarters.