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Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.
Occidental Petroleum's Reserve Replacement Ratio % for the annual that ended in Dec. 2023 was 137.00% , which is lower than 172.00% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Occidental Petroleum's Reserve Replacement Ratio % or its related term are showing as below:
The historical data trend for Occidental Petroleum's Reserve Replacement Ratio % 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.
Occidental Petroleum Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
Occidental PetroleumQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
For the Oil & Gas E&P subindustry, Occidental Petroleum's Reserve Replacement Ratio %, along with its competitors' market caps and Reserve Replacement Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Occidental Petroleum (NYSE:OXY) Reserve Replacement Ratio % Explanation
Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.
According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.
This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.
Thank you for viewing the detailed overview of Occidental Petroleum's Reserve Replacement Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Berkshire Hathaway Inc | 10 percent owner | 3555 FARNAM STREET, OMAHA NE 68131 |
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Kenneth B. Robinson | director | 6301 FITCH PATH, NEW ALBANY OH 43054 |
Vicky A Bailey | director | 2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006 |
Bob Shearer | director | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
Jack B Moore | director | 5 GREENWAY PLAZA, STE 110, HOUSTON TX 77046 |
Andrew Gould | director | C/O SCHLUMBERGER LIMITED, 5599 SAN FELIPE 17TH FLOOR, HOUSTON TX 77056 |
Neil R Ackerman | officer: Vice President | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
Sunil Mathew | officer: Vice President | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
Jeff F Simmons | officer: Senior Vice President | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
Christopher O Champion | officer: VP, CAO and Controller | 5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046 |
Vicki A. Hollub | officer: Vice President | 5 GREENWAY PLAZA, HOUSTON TX 77046 |
Avedick Baruyr Poladian | director | 701 WESTERN AVENUE, GLENDALE CA 91201 |
Warren E Buffett | 10 percent owner | 3555 FARNAM ST, STE 1440, OMAHA NE 68131 |
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