Occidental Petroleum (OXY) FY2016 results: revenue $10.1 billion, down 19.2% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $10.1 billion for fiscal 2016, the year ended 31 December 2016, down 19.2% on the year before. Net income was -$574 million, and diluted earnings per share $-0.75. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$10.1 billion
-19.2% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
-$574 million
FY2009FY2016
Diluted EPS
-$0.75
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
10,090
12,480
19,312
-19.2%
Pre-tax income
-1,664
-9,476
1,541
Income tax
-662
-1,330
1,685
Effective tax rate
n/a
n/a
109.3%
Net income
-574
-7,829
616
Net margin
-5.7%
-62.7%
3.2%
Diluted EPS
-$0.75
-$10.23
$0.79
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,383
3,351
11,068
+1.0%
Capital expenditure
2,717
5,272
8,930
-48.5%
Free cash flow
666
-1,921
2,138
Free cash flow margin
6.6%
-15.4%
11.1%
Cash from investing
-4,742
-5,423
-8,470
Cash from financing
-802
1,484
-2,202
Depreciation and amortisation
4,268
4,544
4,261
-6.1%
Share-based compensation
121
49.0
129
+146.9%
Buybacks
22.0
593
2,500
-96.3%
Dividends paid
2,309
2,264
2,210
+2.0%
Dividend per share
$3.02
$2.97
$2.88
+1.7%
Diluted shares, weighted
764m
766m
781m
-0.2%
Shares outstanding at period end
892m
891m
891m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
21,497
24,350
34,959
-11.7%
Debt
9,800
8,400
6,900
+16.7%
Other liabilities
11,812
10,687
14,400
+10.5%
Total liabilities and equity
43,109
43,437
56,259
-0.8%
Fixed assets
32,337
31,639
39,730
+2.2%
Investments
1,401
1,601
1,959
-12.5%
Cash and equivalents
2,233
3,201
3,789
-30.2%
Receivables
3,989
2,970
4,206
+34.3%
Inventory
866
986
1,052
-12.2%
Other assets
2,283
3,040
5,523
-24.9%
Total assets
43,109
43,437
56,259
-0.8%
10-K for the year ended 31 December 2016, filed 21 February 2019: the filing.