Occidental Petroleum
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 17.8b | 26.0b | 36.6b | 28.3b | 28.2b | 30.3b | 30.2b |
| % growth | (13 %) | 46 % | 41 % | (23 %) | - | 7 % | - |
| EBITDA | 7.3b | 13.9b | 21.5b | 14.0b | 14.8b | 16.3b | 16.6b |
| % EBITDA margin | 41 % | 54 % | 59 % | 49 % | 53 % | 54 % | 55 % |
| Profit | (14.8b) | 2.3b | 12.5b | 4.7b | 3.9b | 4.8b | 5.4b |
| % profit margin | (83 %) | 9 % | 34 % | 17 % | 14 % | 16 % | 18 % |
| EV / revenue | 2.8x | 2.1x | 2.1x | 2.5x | 2.9x | 2.5x | 2.4x |
| EV / EBITDA | 6.8x | 3.9x | 3.5x | 5.1x | 5.5x | 4.7x | 4.3x |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
$195m | Post IPO Equity | ||
* | $352m | Post IPO Equity | |
| Total Funding | - | ||
Recent News about Occidental Petroleum
EditOxy.com, also known as Occidental, is a prominent player in the energy sector, focusing on sustainable and low-cost operations. The company has a diverse portfolio of assets located in the United States, Middle East, Africa, and Latin America. Occidental leverages advanced technology to enhance its operational efficiency and is a global leader in carbon management, which means they are at the forefront of reducing carbon emissions in their industry.
Occidental serves a wide range of clients, including governments, large corporations, and other entities that require energy resources. The company operates in the oil and gas market but distinguishes itself by committing to sustainability and environmental responsibility. This commitment is evident in their ambitious targets: achieving net zero emissions in their operations by 2040 and net zero emissions from their products by 2050.
The business model of Occidental involves the extraction, production, and sale of oil and gas. They make money by selling these energy resources to various clients around the world. Additionally, Occidental is investing in renewable energy sources, such as their solar facility in the Permian Basin, which directly powers their oil and gas operations. This not only reduces operational costs but also lowers the carbon footprint of their activities.
Occidental is also a pioneer in adopting environmental, social, and governance (ESG) metrics, which are standards for a company’s operations that socially conscious investors use to screen potential investments. They are the first U.S. oil and gas company to commit to the World Economic Stakeholder Capitalism Metrics, showcasing their leadership in sustainable practices.
In summary, Occidental is a sustainable energy leader with a focus on low-cost operations, advanced technology, and global carbon management. They serve a diverse client base in the oil and gas market and are committed to achieving significant environmental goals.
Keywords: sustainable energy, low-cost operations, carbon management, oil and gas, renewable energy, net zero emissions, ESG metrics, global assets, technology-driven, environmental responsibility.