Occidental Petroleum (OXY) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential improvement reversed a decline seen in the preceding period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential improvement reversed a decline seen in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$23B
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, 2023 | $7.3B | -22.3% |
| Dec 31, 2023 | $2.2B | -73.0% |
| Mar 31, 2024 | $6.7B | -5.4% |
| Jun 30, 2024 | $6.8B | +3.0% |
Revenue performance
The reported revenue for the quarter was higher than both the immediately preceding quarter and the same quarter one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue increased, following a decline in the previous sequential period. On a year-over-year basis, revenue also grew.
What to watch
The filing context does not provide specific factors for the revenue change; monitor future filings for operational drivers.