Discontinued — last reported Q3 '23
Chemical — Net Income
Occidental Petroleum Chemical — Net Income decreased by 14.4% to $373.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 35.7%, from $580.00M to $373.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved operational efficiency, higher product margins, or increased sales volume within the chemical division, while a decrease suggests margin compression or reduced demand for chemical products.
Detailed definition
This metric represents the net earnings generated specifically by the chemical manufacturing and processing business seg...
Peer comparison
Comparable to segment-level operating income or net income reported by diversified energy or petrochemical peers, though accounting methods for overhead allocation may vary.
oxy_segment_chemical_net_incomeHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | $671.00M | $800.00M | $580.00M | $472.00M | $436.00M | $373.00M |
| QoQ Change | — | +19.2% | -27.5% | -18.6% | -7.6% | -14.4% |
| YoY Change | — | — | — | -29.7% | -45.5% | -35.7% |
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Frequently Asked Questions
- What is Occidental Petroleum's chemical — net income?
- Occidental Petroleum (OXY) reported chemical — net income of $373.00M in Q3 2023.
- How has Occidental Petroleum's chemical — net income changed year-over-year?
- Occidental Petroleum's chemical — net income decreased by 35.7% year-over-year, from $580.00M to $373.00M.
- What does chemical — net income mean?
- The total profit generated by the chemical business segment after all segment-related expenses.