Revenue and Profitability
- Revenue: $6,924,000,000 in Q4 2024, YoY -3.46%, QoQ -2.30%
- Gross Profit: $2,413,000,000, YoY -0.04%, QoQ -7.23%
- Gross Margin: 34.85%
- EBITDA: $2,135,000,000; EBITDAR 30.83%
- Operating Income: $1,361,000,000, YoY +2.18%, QoQ -21.92%
- Operating Margin: 19.66%
- Net Income: -$125,000,000, YoY -110.49%, QoQ -111.08%
- Net Margin: -1.80%
- EPS: -$0.3136, YoY -127.03%, QoQ -130.33%
- Revenue vs. peers: Industry-standard margins for peers during the period were broadly positive; Occidental’s net income and cash-flow dynamics reflect a tougher quarterly profitability backdrop despite solid operating cash flow.
Liquidity, Cash Flow and Balance Sheet
- Operating Cash Flow: $3,356,000,000
- Free Cash Flow: $1,575,000,000
- Cash and Equivalents: $2,132,000,000
- Net Debt: $24,972,000,000 (Total Debt $27,104,000,000 less Cash $2,132,000,000)
- Current Assets: $9,070,000,000; Current Liabilities: $9,521,000,000; Current Ratio: 0.953; Quick Ratio: 0.733; Cash Ratio: 0.225
- Total Assets: $85,445,000,000; Total Liabilities: $50,965,000,000; Total Stockholders’ Equity: $34,159,000,000
- Leverage and Coverage: Debt to Capitalization 0.442; Debt to Equity 0.793; Interest Coverage 4.16x; Cash Flow to Debt 0.124x
Capital Allocation and Cash Efficiency
- CAPEX (Investments in Property, Plant & Equipment): -$1,781,000,000 in QQ4 2024
- Dividends Paid: -$377,000,000; Common Stock Issued: $13,000,000; Shares Repurchased: -$18,000,000
- Net Change in Cash: +$364,000,000; Ending Cash Balance: $2,157,000,000
- Cash Flow Driver: Positive operating cash flow coupled with a sizeable non-cash items component (Other Non-Cash Items: $3.276B) and working capital shifts contributed to free cash flow generation despite a net loss.