Discontinued — last reported Q3 '22
Oil and gas — Income (loss) from continuing operations
Occidental Petroleum Oil and gas — Income (loss) from continuing operations decreased by 18.3% to $3.35B in Q3 2022 compared to the prior quarter. Year-over-year, this metric grew by 128.0%, from $1.47B to $3.35B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests improved operational efficiency, higher realized commodity prices, or increased production volumes, while a decrease may indicate rising extraction costs, lower market prices, or declining asset productivity.
Detailed definition
This metric represents the pre-tax operating profitability generated specifically by the exploration and production busi...
Peer comparison
This is a standard segment-level profitability metric found in most integrated oil and gas companies, often compared against peers' 'Upstream' or 'Exploration and Production' segment operating income.
oxy_segment_oil_and_gas_income_loss_from_continuing_operationsHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|---|
| Value | $631.00M | $1.47B | $2.90B | $4.09B | $3.35B |
| QoQ Change | — | +132.5% | +97.5% | +41.3% | -18.3% |
| YoY Change | — | — | — | +548.8% | +128.0% |
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Frequently Asked Questions
- What is Occidental Petroleum's oil and gas — income (loss) from continuing operations?
- Occidental Petroleum (OXY) reported oil and gas — income (loss) from continuing operations of $3.35B in Q3 2022.
- How has Occidental Petroleum's oil and gas — income (loss) from continuing operations changed year-over-year?
- Occidental Petroleum's oil and gas — income (loss) from continuing operations increased by 128.0% year-over-year, from $1.47B to $3.35B.
- What does oil and gas — income (loss) from continuing operations mean?
- The operating profit earned by the company's oil and gas exploration and production business segment.