Occidental Petroleum (OXY) FY2011 results: revenue $23.9 billion, up 25.7% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $23.9 billion for fiscal 2011, the year ended 31 December 2011, up 25.7% on the year before. Net income was $6.8 billion, up 49.5%, and diluted earnings per share $8.32. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2012.
Revenue
$23.9 billion
+25.7% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$6.8 billion
+49.5% on the year
FY2007FY2011
Diluted EPS
$8.32
+49.6% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
23,939
19,045
14,814
+25.7%
Pre-tax income
10,459
7,359
5,038
+42.1%
Income tax
4,201
2,995
2,063
+40.3%
Effective tax rate
40.2%
40.7%
40.9%
Net income
6,771
4,530
2,915
+49.5%
Net margin
28.3%
23.8%
19.7%
Diluted EPS
$8.32
$5.56
$3.58
+49.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
12,281
9,566
5,946
+28.4%
Capital expenditure
7,518
3,940
3,245
+90.8%
Free cash flow
4,763
5,626
2,701
-15.3%
Free cash flow margin
19.9%
29.5%
18.2%
Cash from investing
-9,903
-9,295
-5,466
Cash from financing
-1,175
1,083
-1,033
Depreciation and amortisation
3,591
3,153
2,687
+13.9%
Share-based compensation
110
136
151
-19.1%
Buybacks
274
67.0
40.0
+309.0%
Dividends paid
1,436
1,159
1,063
+23.9%
Dividend per share
$1.84
$1.47
$1.31
+25.2%
Diluted shares, weighted
813m
814m
814m
-0.1%
Shares outstanding at period end
887m
885m
884m
+0.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
37,620
32,484
29,081
+15.8%
Non-controlling interest
n/a
n/a
78.0
Debt
5,900
5,100
2,796
+15.7%
Other liabilities
16,524
14,848
12,274
+11.3%
Total liabilities and equity
60,044
52,432
44,229
+14.5%
Fixed assets
45,684
36,536
31,137
+25.0%
Investments
2,072
2,039
1,732
+1.6%
Cash and equivalents
3,781
2,578
1,224
+46.7%
Receivables
5,395
5,032
4,092
+7.2%
Inventory
1,069
1,041
998
+2.7%
Other assets
2,043
5,206
5,046
-60.8%
Total assets
60,044
52,432
44,229
+14.5%
10-K for the year ended 31 December 2011, filed 23 February 2012: the filing.