Occidental Petroleum (OXY) FY2017 results: revenue $12.5 billion, up 24.0% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $12.5 billion for fiscal 2017, the year ended 31 December 2017, up 24.0% on the year before. Net income was $1.3 billion, and diluted earnings per share $1.70. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$12.5 billion
+24.0% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.3 billion
FY2010FY2017
Diluted EPS
$1.70
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
12,508
10,090
12,480
+24.0%
Cost of revenue
2,938
n/a
n/a
Gross profit
9,570
n/a
n/a
Gross margin
76.5%
n/a
n/a
Pre-tax income
1,328
-1,664
-9,476
Income tax
17.0
-662
-1,330
Effective tax rate
1.3%
n/a
n/a
Net income
1,311
-574
-7,829
Net margin
10.5%
-5.7%
-62.7%
Diluted EPS
$1.70
-$0.75
-$10.23
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
4,861
3,383
3,351
+43.7%
Capital expenditure
3,599
2,717
5,272
+32.5%
Free cash flow
1,262
666
-1,921
+89.5%
Free cash flow margin
10.1%
6.6%
-15.4%
Cash from investing
-3,079
-4,742
-5,423
Cash from financing
-2,343
-802
1,484
Depreciation and amortisation
4,002
4,268
4,544
-6.2%
Share-based compensation
150
121
49.0
+24.0%
Buybacks
25.0
22.0
593
+13.6%
Dividends paid
2,346
2,309
2,264
+1.6%
Dividend per share
$3.06
$3.02
$2.97
+1.3%
Diluted shares, weighted
766m
764m
766m
+0.3%
Shares outstanding at period end
893m
892m
891m
+0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-258
21,497
24,350
Non-controlling interest
0.0
n/a
n/a
Debt
9,900
9,800
8,400
+1.0%
Other liabilities
32,384
11,812
10,687
+174.2%
Total liabilities and equity
42,026
43,109
43,437
-2.5%
Fixed assets
31,174
32,337
31,639
-3.6%
Investments
n/a
1,401
1,601
Cash and equivalents
1,672
2,233
3,201
-25.1%
Receivables
4,145
3,989
2,970
+3.9%
Inventory
1,246
866
986
+43.9%
Other assets
3,789
2,283
3,040
+66.0%
Total assets
42,026
43,109
43,437
-2.5%
10-K for the year ended 31 December 2017, filed 28 February 2020: the filing.