Occidental Petroleum (OXY) FY2020 results: revenue $17.8 billion, down 14.8% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $17.8 billion for fiscal 2020, the year ended 31 December 2020, down 14.8% on the year before. Net income was -$14.8 billion, and diluted earnings per share $-17.06. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$17.8 billion
-14.8% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
-$14.8 billion
FY2013FY2020
Diluted EPS
-$17.06
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
17,809
20,911
17,824
-14.8%
Cost of revenue
2,408
2,791
2,833
-13.7%
Gross profit
15,401
18,120
14,991
-15.0%
Gross margin
86.5%
86.7%
84.1%
Selling, general and administrative
864
893
585
-3.2%
Pre-tax income
-15,705
354
5,608
Income tax
-2,172
861
1,477
Effective tax rate
n/a
243.2%
26.3%
Net income
-14,831
-985
4,131
Net margin
-83.3%
-4.7%
23.2%
Diluted EPS
-$17.06
-$1.22
$5.39
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
3,955
7,375
7,669
-46.4%
Capital expenditure
2,535
6,355
4,975
-60.1%
Free cash flow
1,420
1,020
2,694
+39.2%
Free cash flow margin
8.0%
4.9%
15.1%
Cash from investing
-819
-29,027
-3,206
Cash from financing
-4,516
22,193
-3,102
Depreciation and amortisation
8,097
6,140
3,977
+31.9%
Share-based compensation
202
208
180
-2.9%
Buybacks
12.0
237
1,248
-94.9%
Dividends paid
1,845
2,624
2,374
-29.7%
Dividend per share
$0.82
$3.14
$3.10
-73.9%
Diluted shares, weighted
919m
810m
763m
+13.5%
Shares outstanding at period end
1,081m
1,044m
895m
+3.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
18,573
34,232
21,330
-45.7%
Non-controlling interest
n/a
n/a
0.0
Debt
36,185
38,588
10,400
-6.2%
Operating lease liabilities
641
872
n/a
-26.5%
Finance lease liabilities
316
347
n/a
-8.9%
Other liabilities
24,349
33,151
10,429
-26.6%
Total liabilities and equity
80,064
107,190
42,159
-25.3%
Fixed assets
65,889
80,469
31,437
-18.1%
Intangible assets
n/a
n/a
8.0
Cash and equivalents
2,008
3,032
3,033
-33.8%
Receivables
2,115
4,233
4,893
-50.0%
Inventory
1,898
1,581
1,260
+20.1%
Other assets
8,154
17,875
1,528
-54.4%
Total assets
80,064
107,190
42,159
-25.3%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.