Occidental Petroleum (OXY) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the preceding quarter, reversing the prior sequential decline. However, revenue was lower than the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the preceding quarter, reversing the prior sequential decline. However, revenue was lower than the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.3B
Revenue reported for this quarter.
Quarter-over-quarter
+10.1%
Change from the immediately preceding quarter.
Year-over-year
-22.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.3B
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 |
|---|---|---|
| Dec 31, 2022 | $8.3B | +6.6% |
| Mar 31, 2023 | $7.1B | -13.4% |
| Jun 30, 2023 | $6.6B | -36.2% |
| Sep 30, 2023 | $7.3B | -22.3% |
Revenue performance
The reported revenue direction is upward from the immediately preceding quarter, marking a sequential recovery after two consecutive quarterly declines.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. Compared with the same quarter one year earlier, revenue declined.
What to watch
The trailing twelve-month revenue trend shows a decline from the peak two quarters ago, warranting continued monitoring of revenue stability.