Discontinued — last reported Q3 '23
Oil And Gas — Net Income Loss
Occidental Petroleum Oil And Gas — Net Income Loss 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 production costs, lower market prices, or asset impairment. Sustained growth in this metric demonstrates strong upstream performance and effective cost management.
Detailed definition
This metric represents the net profit or loss generated specifically by the exploration and production business segment...
Peer comparison
Peers in the independent exploration and production sector report similar segment-level earnings, though comparability is often impacted by differences in accounting for depletion rates and regional production cost structures.
oxy_segment_oil_and_gas_net_income_lossHistorical 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 loss?
- Occidental Petroleum (OXY) reported oil and gas — net income loss of $1.97B in Q3 2023.
- How has Occidental Petroleum's oil and gas — net income loss changed year-over-year?
- Occidental Petroleum's oil and gas — net income loss decreased by 41.1% year-over-year, from $3.35B to $1.97B.
- What does oil and gas — net income loss mean?
- The net profit or loss generated by the company's core oil and gas exploration and production operations.