Occidental Petroleum (OXY) FY2021 results: revenue $26.0 billion, up 45.7% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $26.0 billion for fiscal 2021, the year ended 31 December 2021, up 45.7% on the year before. Net income was $2.3 billion, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$26.0 billion
+45.7% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.3 billion
FY2014FY2021
Diluted EPS
$1.58
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
10,434
3,955
7,375
+163.8%
Capital expenditure
2,870
2,535
6,355
+13.2%
Free cash flow
7,564
1,420
1,020
+432.7%
Free cash flow margin
29.1%
8.0%
4.9%
Cash from investing
-1,253
-819
-29,027
Cash from financing
-8,572
-4,516
22,193
Depreciation and amortisation
8,447
8,097
6,140
+4.3%
Share-based compensation
287
202
208
+42.1%
Buybacks
8.0
12.0
237
-33.3%
Dividends paid
839
1,845
2,624
-54.5%
Dividend per share
$0.04
$0.82
$3.14
-95.1%
Diluted shares, weighted
959m
919m
810m
+4.4%
Shares outstanding at period end
1,083m
1,081m
1,044m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
20,327
18,573
34,232
+9.4%
Debt
29,028
36,185
38,588
-19.8%
Operating lease liabilities
585
641
872
-8.7%
Finance lease liabilities
504
316
347
+59.5%
Other liabilities
24,592
24,349
33,151
+1.0%
Total liabilities and equity
75,036
80,064
107,190
-6.3%
Fixed assets
n/a
65,889
80,469
Cash and equivalents
2,764
2,008
3,032
+37.6%
Receivables
4,208
2,115
4,233
+99.0%
Inventory
1,846
1,898
1,581
-2.7%
Other assets
66,218
8,154
17,875
+712.1%
Total assets
75,036
80,064
107,190
-6.3%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.