Occidental Petroleum (OXY) Revenue — Quarter Ended Dec 31, 2023
Occidental Petroleum reported a sharp decline in revenue for the quarter. The result was substantially lower than both the immediate prior quarter and the same period a year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Occidental Petroleum reported a sharp decline in revenue for the quarter. The result was substantially lower than both the immediate prior quarter and the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-69.2%
Change from the immediately preceding quarter.
Year-over-year
-73.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.2B
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 |
|---|---|---|
| Mar 31, 2023 | $7.1B | -13.4% |
| Jun 30, 2023 | $6.6B | -36.2% |
| Sep 30, 2023 | $7.3B | -22.3% |
| Dec 31, 2023 | $2.2B | -73.0% |
Revenue performance
Revenue fell markedly, making this the weakest quarterly result compared to recent quarters.
Quarterly comparison
Compared to the preceding quarter, revenue dropped significantly. The year-over-year comparison also showed a steep decline.
What to watch
Watch for whether the sharp revenue decline continues or stabilizes in upcoming quarters.