Occidental Petroleum (OXY) FY2022 results: revenue $36.6 billion, up 41.1% on the year
Occidental Petroleum Corp. (OXY) reported revenue of $36.6 billion for fiscal 2022, the year ended 31 December 2022, up 41.1% on the year before. Net income was $13.3 billion, up 473.0%, and diluted earnings per share $12.40. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2023.
Revenue
$36.6 billion
+41.1% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$13.3 billion
+473.0% on the year
FY2015FY2022
Diluted EPS
$12.40
+684.8% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
16,810
10,434
3,955
+61.1%
Capital expenditure
4,497
2,870
2,535
+56.7%
Free cash flow
12,313
7,564
1,420
+62.8%
Free cash flow margin
33.6%
29.1%
8.0%
Cash from investing
-4,872
-1,253
-819
Cash from financing
-13,715
-8,572
-4,516
Depreciation and amortisation
6,926
8,447
8,097
-18.0%
Share-based compensation
258
287
202
-10.1%
Buybacks
3,099
8.0
12.0
+38,637.5%
Dividends paid
1,184
839
1,845
+41.1%
Dividend per share
$0.52
$0.04
$0.82
+1,200.0%
Diluted shares, weighted
1,002m
959m
919m
+4.5%
Shares outstanding at period end
900m
1,083m
1,081m
-16.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
30,085
20,327
18,573
+48.0%
Non-controlling interest
0.0
n/a
n/a
Debt
19,146
29,028
36,185
-34.0%
Operating lease liabilities
657
585
641
+12.3%
Finance lease liabilities
546
504
316
+8.3%
Other liabilities
22,175
24,592
24,349
-9.8%
Total liabilities and equity
72,609
75,036
80,064
-3.2%
Fixed assets
n/a
n/a
65,889
Cash and equivalents
984
2,764
2,008
-64.4%
Receivables
4,281
4,208
2,115
+1.7%
Inventory
2,059
1,846
1,898
+11.5%
Other assets
65,285
66,218
8,154
-1.4%
Total assets
72,609
75,036
80,064
-3.2%
10-K for the year ended 31 December 2022, filed 27 February 2023: the filing.