Discontinued — last reported Q3 '24
Oil and gas — Income from Continuing Ops
Occidental Petroleum Oil and gas — Income from Continuing Ops decreased by 28.9% to $1.17B in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 40.8%, from $1.97B to $1.17B. Over 2 years (FY 2021 to FY 2023), Oil and gas — Income from Continuing Ops shows an upward trend with a 22.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher income indicates improved operational efficiency, higher realized commodity prices, or increased production volumes.
Detailed definition
This metric measures the operating profitability of the oil and gas segment after accounting for all direct operating ex...
Peer comparison
Commonly reported as 'Segment Operating Income' or 'Segment EBITDA' by peers in the energy sector.
oxy_segment_oil_and_gas_income_from_continuing_operationsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.04B | $1.04B | $1.04B | $3.20B | $3.20B | $3.20B | $3.20B | $1.64B | $1.06B | $1.97B | $1.57B | $1.24B | $1.64B | $1.17B |
| QoQ Change | — | +0.0% | +0.0% | +208.9% | +0.0% | +0.0% | +0.0% | -48.8% | -35.4% | +85.9% | -20.2% | -21.2% | +32.4% | -28.9% |
| YoY Change | — | — | — | — | +208.9% | +208.9% | +208.9% | -48.8% | -66.9% | -38.5% | -50.9% | -24.5% | +54.8% | -40.8% |
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Frequently Asked Questions
- What is Occidental Petroleum's oil and gas — income from continuing ops?
- Occidental Petroleum (OXY) reported oil and gas — income from continuing ops of $1.17B in Q3 2024.
- How has Occidental Petroleum's oil and gas — income from continuing ops changed year-over-year?
- Occidental Petroleum's oil and gas — income from continuing ops decreased by 40.8% year-over-year, from $1.97B to $1.17B.
- What is the long-term trend for Occidental Petroleum's oil and gas — income from continuing ops?
- Over 2 years (2021 to 2023), Occidental Petroleum's oil and gas — income from continuing ops has grown at a 22.7% compound annual growth rate (CAGR), from $4.15B to $6.24B.
- What does oil and gas — income from continuing ops mean?
- The net profit generated by the oil and gas segment from ongoing business activities.