As rightly said, basic engine operation can be divided into four stages. These stages, listed in the proper order, are as follows:
1. Intake
2. Compression
3. Power
4. Exhaust
This is known as the Otto Cycle (otherwise called the Four Stroke Cycle). Typically, only one rotation of the engine crankshaft is required for the intake stroke and compression stroke, and another rotation is required for the power stroke and exhaust stroke.