Occidental Petroleum (BSP:OXYP34) ROCE % : 11.27% (As of Dec. 2023)

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What is Occidental Petroleum ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Occidental Petroleum's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.27%.

Occidental Petroleum ROCE % Historical Data

The historical data trend for Occidental Petroleum's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Occidental Petroleum ROCE % Chart

Occidental Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.20

-19.40

8.05

22.15

10.98

Occidental Petroleum Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.49	12.19	9.39	12.99	11.27

Occidental Petroleum ROCE % Calculation

Occidental Petroleum's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	36131.125	/	( ( (380863.249 - 40688.568)	+	(362624.398 - 44823.37) )	/ 2 )
	=	36131.125	/	( (340174.681	+	317801.028)	/ 2 )
	=	36131.125	/	328987.8545
	=	10.98 %

Occidental Petroleum's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	35396.156	/	( ( (354732.005 - 44156.917)	+	(362624.398 - 44823.37) )	/ 2 )
	=	35396.156	/	( ( 310575.088	+	317801.028 )	/ 2 )
	=	35396.156	/	314188.058
	=	11.27 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Occidental Petroleum (BSP:OXYP34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Occidental Petroleum ROCE % Related Terms

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Occidental Petroleum (BSP:OXYP34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Occidental Petroleum Corp (BSP:OXYP34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OXY.WS:USA OXY:USA OXY1:Mexico OXY_KZ:Kazakhstan 1OXY:Italy OPC:Germany OPC:Germany OPC:Germany OPC:Germany

Address

5 Greenway Plaza, Suite 110, Houston, TX, USA, 77046

Website

https://www.oxy.com

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2022, the company reported net proved reserves of 3.8 billion barrels of oil equivalent. Net production averaged 1,159 thousand barrels of oil equivalent per day in 2022 at a ratio of 75% oil and natural gas liquids and 25% natural gas.

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