Occidental Petroleum (OXY) Revenue — Quarter Ended Dec 31, 2024
Revenue declined sharply in the fourth quarter compared to the prior quarter. The decrease was also steeper than the same quarter a year earlier.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue declined sharply in the fourth quarter compared to the prior quarter. The decrease was also steeper than the same quarter 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
-69.3%
Change from the immediately preceding quarter.
Year-over-year
-3.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.7B
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, 2024 | $6.7B | -5.4% |
| Jun 30, 2024 | $6.8B | +3.0% |
| Sep 30, 2024 | $7B | -3.5% |
| Dec 31, 2024 | $2.2B | -3.8% |
Revenue performance
The reported revenue for the quarter was lower than the preceding quarter, continuing a downward trend from the third quarter. The year-over-year comparison also showed a decline, though less severe than the sequential drop.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell substantially. When measured against the same quarter one year earlier, revenue was also lower, but the annual decline was much smaller than the sequential decline.
What to watch
The sequential revenue drop was far larger than the year-over-year decline, suggesting a possible seasonal or one-time factor in the quarter.