• Occidental Petroleum average return on tangible equity for 2023 was 19.58, a 53.47% decline from 2022.
• Occidental Petroleum average return on tangible equity for 2022 was 42.08, a 274.46% decline from 2021.
• Occidental Petroleum average return on tangible equity for 2021 was -24.12, a 46.48% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.