How does Occidental Petroleum (OXY) make money?

Occidental Petroleum (OXY) generates revenue primarily from Oil And Gas Segment, which accounted for 87.5% of total revenue in TTM through Q1 2026. The company reported $23.2B in revenue and converted 20.3% of it into net profit, equivalent to roughly $4.71B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Occidental Petroleum (OXY)?

Occidental Petroleum (OXY) reported a gross profit margin of 26.2% in TTM through Q1 2026, equivalent to $6.08B in gross profit on $23.2B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Occidental Petroleum (OXY)?

Occidental Petroleum (OXY) reported an operating profit margin of 12.4% in TTM through Q1 2026, equivalent to $2.87B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Occidental Petroleum (OXY)?

Occidental Petroleum (OXY) reported a net profit margin of 20.3% in TTM through Q1 2026, equivalent to $4.71B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Occidental Petroleum (OXY) profitable?

Yes. Occidental Petroleum (OXY) reported $4.71B in net income for TTM through Q1 2026, with a net profit margin of 20.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Occidental Petroleum (OXY) spend on capital expenditures?

Occidental Petroleum (OXY) spent $6.1B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 26.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Occidental Petroleum (OXY) generate?

Occidental Petroleum (OXY) generated $3.57B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 15.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Occidental Petroleum (OXY)?

Occidental Petroleum (OXY) had an effective tax rate of 34.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Occidental Petroleum (OXY)?

Occidental Petroleum (OXY) reports revenue across 3 reportable product segments, led by Oil And Gas Segment at 87.5% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Occidental Petroleum Makes Money: 2026 Visual Revenue Map

Occidental Petroleum (OXY) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

Occidental Petroleum discloses geographic revenue only in annual filings. to view the full breakdown.

Occidental Petroleum (OXY) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Occidental Petroleum (OXY), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Oil And Gas Segment	$20.3B	87.5%
Chemical Segment	$1.63B	7.1%
Midstream Segment	$1.26B	5.4%
Total	$23.2B	100%

Oil And Gas Segment$20.3B
Chemical Segment$1.63B
Midstream Segment$1.26B
Total$23.2B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Occidental Petroleum (OXY) reports revenue across 3 reportable product segments; the largest segment was Oil And Gas Segment at 87.5%, followed by Chemical Segment (7.1%) and Midstream Segment (5.4%).

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