Discontinued — last reported Q3 '23
Midstream and marketing — Net Income
Occidental Petroleum Midstream and marketing — Net Income decreased by 333.3% to -$130.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 225.0%, from $104.00M to -$130.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved margins from midstream infrastructure utilization or successful commodity marketing and trading strategies, while a decrease may indicate lower throughput volumes, unfavorable market price differentials, or rising operational costs.
Detailed definition
This metric represents the net earnings generated by the midstream and marketing business segment, which encompasses the...
Peer comparison
Peers in the energy sector report similar segment-level profitability, often benchmarked against midstream throughput volumes and marketing margin spreads.
oxy_segment_midstream_and_marketing_net_incomeHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | -$50.00M | $264.00M | $104.00M | $2.00M | -$30.00M | -$130.00M |
| QoQ Change | — | +628.0% | -60.6% | -98.1% | <-999% | -333.3% |
| YoY Change | — | — | — | +104.0% | -111.4% | -225.0% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Occidental Petroleum's midstream and marketing — net income?
- Occidental Petroleum (OXY) reported midstream and marketing — net income of -$130.00M in Q3 2023.
- How has Occidental Petroleum's midstream and marketing — net income changed year-over-year?
- Occidental Petroleum's midstream and marketing — net income decreased by 225.0% year-over-year, from $104.00M to -$130.00M.
- What does midstream and marketing — net income mean?
- The total profit generated by the company's midstream and marketing business segment after all related operating costs.