Discontinued — last reported Q3 '23
Oil and gas — Net Income
Occidental Petroleum Oil and gas — Net Income increased by 85.9% to $1.97B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 41.1%, from $3.35B to $1.97B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates improved operational efficiency, higher realized commodity prices, or increased production volumes, while a decrease suggests rising extraction costs or lower market pricing for energy products.
Detailed definition
This metric represents the profitability of the company's primary exploration and production segment after accounting fo...
Peer comparison
Peers in the upstream energy sector report this as 'Segment Operating Income' or 'Upstream Earnings,' which are highly sensitive to global benchmark oil and gas price fluctuations.
oxy_segment_oil_and_gas_net_incomeHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | $2.90B | $4.09B | $3.35B | $1.64B | $1.06B | $1.97B |
| QoQ Change | — | +41.3% | -18.3% | -51.0% | -35.4% | +85.9% |
| YoY Change | — | — | — | -43.4% | -74.1% | -41.1% |
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Frequently Asked Questions
- What is Occidental Petroleum's oil and gas — net income?
- Occidental Petroleum (OXY) reported oil and gas — net income of $1.97B in Q3 2023.
- How has Occidental Petroleum's oil and gas — net income changed year-over-year?
- Occidental Petroleum's oil and gas — net income decreased by 41.1% year-over-year, from $3.35B to $1.97B.
- What does oil and gas — net income mean?
- The total profit generated by the company's oil and gas exploration and production operations.