Occidental Petroleum
Occidental Petroleum returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 6.93% | 6.99% | — | 16.86% | 8.88% | -0.8 pp |
| FY 2026 Q1 | Mar 31, 2026 | 2.47% | 2.88% | — | 10.88% | 5.78% | -5.2 pp |
| FY 2025 Q4 | Dec 31, 2025 | 3.56% | 4.05% | — | 4.59% | 2.79% | -4.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 3.07% | 3.43% | — | 3.9% | 2.52% | -4.6 pp |
| FY 2025 Q2 | Jun 30, 2025 | 3.89% | 4.23% | -23.62% | 4.98% | 3.03% | -3.8 pp |
| FY 2025 Q1 | Mar 31, 2025 | 4.9% | 5.24% | -11.23% | 7.36% | 3.94% | -2.8 pp |
| FY 2024 Q4 | Dec 31, 2024 | 4.26% | 4.56% | -20.64% | 7.34% | 3.86% | -3.4 pp |
| FY 2024 Q3 | Sep 30, 2024 | 6.64% | 7.11% | -12.36% | 11.51% | 5.58% | -1.1 pp |
| FY 2024 Q2 | Jun 30, 2024 | 7.84% | 8.02% | -140% | 12.66% | 6.28% | 0.1 pp |
| FY 2024 Q1 | Mar 31, 2024 | 7.39% | 7.67% | -427.89% | 11.55% | 5.92% | -0.3 pp |
| FY 2023 Q4 | Dec 31, 2023 | 8.82% | 9.09% | — | 12.43% | 6.41% | 1.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 10.29% | 10.52% | -63,202.79% | 15.33% | 7.54% | 2.6 pp |
| FY 2023 Q2 | Jun 30, 2023 | 12.85% | 13.05% | — | 20.46% | 9.35% | 5.2 pp |
| FY 2023 Q1 | Mar 31, 2023 | 18.49% | 18.32% | — | 32.14% | 13.29% | 10.8 pp |
| FY 2022 Q4 | Dec 31, 2022 | 25.51% | 19.77% | 571.47% | 49.28% | 18.02% | 17.8 pp |
| FY 2022 Q3 | Sep 30, 2022 | 24.62% | 19.4% | 608,313.12% | 50.53% | 17.46% | 16.9 pp |
| FY 2022 Q2 | Jun 30, 2022 | 20.57% | 15.41% | — | 43.93% | 14.27% | 12.9 pp |
| FY 2022 Q1 | Mar 31, 2022 | — | 8.68% | — | 30.07% | 9.56% | — |
| FY 2021 Q4 | Dec 31, 2021 | 4.45% | 4.26% | — | 7.77% | 2.99% | -3.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | -0.43% | -1% | — | -5.85% | -0.41% | -8.1 pp |
| FY 2021 Q2 | Jun 30, 2021 | — | -8.07% | — | -26.61% | -5.58% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -18.13% | — | -55.61% | -14.57% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -18.83% | — | -59.37% | -15.66% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -16.66% | — | -56.14% | -14.77% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -20.14% | — | -57.44% | -19.13% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | -14.66% | -5.27% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | -0.64% | — | -5.78% | -1.29% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 3.66% | 1.24% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | — | 8.65% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | — | 9.3% | — |
| FY 2018 Q4 | Dec 31, 2018 | 13.56% | 14.85% | — | — | 9.62% | 5.9 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | — | 9.08% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | — | 5.21% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | — | 4.46% | — |
| FY 2017 Q4 | Dec 31, 2017 | 3.32% | 2.72% | — | — | 3.08% | -4.4 pp |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | — | 1.3% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | — | 0.26% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | — | -1.27% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | — | -1.33% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | — | -11.95% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | — | -16.22% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | — | -15.79% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | — | -15.71% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | — | -9.97% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | — | -3.6% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | — | -1.62% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 1.58% | 0.98% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 13.12% | 8.05% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 14.19% | 8.78% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 14.13% | 8.79% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 14.17% | 8.83% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 11.02% | 6.81% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 10.77% | 6.66% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 11.02% | 6.9% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 11.82% | 7.4% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 15.3% | 9.6% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 16.81% | 10.59% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 18.69% | 11.72% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 19.29% | 12.04% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 18.59% | 12.12% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 17.46% | 11.44% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 15.75% | 10.07% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 14.7% | 9.37% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | 9.49% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | 9.06% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · OXY, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.