Gross Profit for Occidental Petroleum (OXY)
According to Occidental Petroleum's latest reported financial statements, the company's current gross profit (TTM) is $7.97B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$7.97B
YoY change
-24.4%
5Y CAGR
+75.3%
Peak year (2022)
$17.05B
Cumulative gross profit
$241.31B
Gross Profit history chart for Occidental Petroleum (OXY) from 1985 to 2025
Gross Profit history table for Occidental Petroleum (OXY) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $7.29B | -24.4% | ||
| 2024 | $9.65B | -1.0% | ||
| 2023 | $9.74B | -42.9% | ||
| 2022 | $17.05B | +124.2% | ||
| 2021 | $7.60B | +1624.3% | ||
| 2020 | $441.00M | -90.1% | ||
| 2019 | $4.44B | -9.7% | ||
| 2018 | $4.92B | +76.7% | ||
| 2017 | $2.78B | +383.8% | ||
| 2016 | $575.00M | -72.5% | ||
| 2015 | $2.09B | -74.4% | ||
| 2014 | $8.18B | -27.5% | ||
| 2013 | $11.28B | -1.1% | ||
| 2012 | $11.40B | -8.9% | ||
| 2011 | $12.51B | +34.2% | ||
| 2010 | $9.32B | +41.5% | ||
| 2009 | $6.59B | -52.3% | ||
| 2008 | $13.81B | +48.4% | ||
| 2007 | $9.31B | +5.9% | ||
| 2006 | $8.79B | +14.9% | ||
| 2005 | $7.66B | +39.3% | ||
| 2004 | $5.50B | +5.7% | ||
| 2003 | $5.20B | +37.6% | ||
| 2002 | $3.78B | -62.9% | ||
| 2001 | $10.18B | +125.3% | ||
| 2000 | $4.52B | +67.4% | ||
| 1999 | $2.70B | +20.6% | ||
| 1998 | $2.24B | -21.5% | ||
| 1997 | $2.85B | -47.1% | ||
| 1996 | $5.38B | +10.9% | ||
| 1995 | $4.86B | +102.5% | ||
| 1994 | $2.40B | +16.5% | ||
| 1993 | $2.06B | -4.7% | ||
| 1992 | $2.16B | -17.6% | ||
| 1991 | $2.62B | -24.4% | ||
| 1990 | $3.47B | -5.1% | ||
| 1989 | $3.65B | +0.6% | ||
| 1988 | $3.63B | +10.0% | ||
| 1987 | $3.30B | +30.7% | ||
| 1986 | $2.53B | -11.6% | ||
| 1985 | $2.86B | — |
Gross Profit values are taken from Occidental Petroleum's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Occidental Petroleum (OXY) most recent annual gross profit stands at $7.29B (2025) – declined 24.4% year-over-year.
Occidental Petroleum gross profit has recorded the values shown across consecutive periods, with a +75.3% compound annual growth rate over 2020–2025 (5 years).
Occidental Petroleum gross profit peaked at $17.05B in 2022; the latest annual figure is $7.29B in 2025 (57.2% below peak).
2022 marks the peak gross profit at $17.05B, with the historical low of $441.00M recorded in 2020.
Within Energy, Occidental Petroleum (OXY) ranks 6th among 8 peers we track. The peer median for gross profit is $14.92B.
Occidental Petroleum Gross Profit by Year
Occidental Petroleum Gross Profit 2025: $7.29B
Occidental Petroleum gross profit in 2025 was $7.29B, declined 24.4% below 2024.
Occidental Petroleum Gross Profit 2024: $9.65B
Occidental Petroleum gross profit in 2024 was $9.65B, edged down 1.0% below 2023.
Occidental Petroleum Gross Profit 2023: $9.74B
Occidental Petroleum gross profit in 2023 was $9.74B, plunged 42.9% below 2022.
Occidental Petroleum Gross Profit 2022: $17.05B
Occidental Petroleum gross profit in 2022 was $17.05B, surged 124.2% from 2021. This figure represents the highest annual value in the available history.
Occidental Petroleum Gross Profit 2021: $7.60B
Occidental Petroleum gross profit in 2021 was $7.60B.
See more financial history for Occidental Petroleum (OXY).
Sector peers — Gross Profit
Companies in the same sector as Occidental Petroleum, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $70.23B | Energy |
| Chevron Corporation (CVX) | $56.09B | Energy |
| Enbridge Inc. (ENB) | $21.50B | Energy |
| EOG Resources, Inc. (EOG) | $15.37B | Energy |
| ConocoPhillips (COP) | $14.46B | Energy |
| SLB N.V. (SLB) | $6.50B | Energy |
| Valero Energy Corporation (VLO) | $5.37B | Energy |
| The Williams Companies, Inc. (WMB) | $5.12B | Energy |
Frequently asked questions
What is Occidental Petroleum's gross profit?
- Latest reported gross profit for Occidental Petroleum (OXY) is $7.97B (period ending December 31, 2025).
How has Occidental Petroleum gross profit changed year-over-year?
- Occidental Petroleum (OXY) gross profit changed -24.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Occidental Petroleum gross profit?
- Occidental Petroleum (OXY) gross profit compound annual growth rate is +75.3% over the most recent 5 years available.
When did Occidental Petroleum gross profit hit its highest annual value?
- Occidental Petroleum gross profit reached its highest annual value of $17.05B in 2022.
What was Occidental Petroleum gross profit in 2024?
- Occidental Petroleum (OXY) gross profit in 2024 was $9.65B.
What was Occidental Petroleum gross profit in 2025?
- Occidental Petroleum (OXY) gross profit in 2025 was $7.29B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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