OCCIDENTAL PETROLEUM CORP /DE/

Listed Company

OXY-WTCIK 0000797468NYSELarge AcceleratedCrude Petroleum & Natural GasDelawareFY ends Dec 31

Period

FY 2025

Revenue

$21.59B

Net Income

$2.37B

Total Assets

$84.19B

Equity

$36.03B

Shares Out

994.63M

Op. Cash Flow

$10.53B

OXY$54.85+26.01% · past yearDBEQ Basic

Daily closing prices

Business

Occidental Petroleum Corporation is an international oil and gas producer with leading positions in the Permian and DJ Basins, offshore Gulf of America, and Oman. The company produces crude oil, natural gas liquids, and natural gas through conventional and unconventional recovery methods including CO₂ enhanced oil recovery. Occidental operates midstream and marketing businesses providing gathering, processing, transportation and storage services; its Oxy Low Carbon Ventures subsidiary develops direct air capture, carbon sequestration, and lithium technologies. The company sold its chemical business (OxyChem) to Berkshire Hathaway in January 2026.

Summary from 10-K filed 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	21,593	22,019	23,156	36,634	25,956
Interest, dividends and other income	219	192	153	153	166
Gains (losses) on sales of assets and other, net	263	−16	522	308	—
Total	22,075	22,195	23,831	37,095	26,314
Oil and gas lease operating expense	4,681	4,738	4,677	4,028	3,160
Transportation and gathering expense	1,660	1,608	1,481	1,475	1,419
Purchased commodities and midstream cost of sales	176	431	2,116	—	—
Selling, general and administrative expense	986	960	987	945	863
Other operating and non-operating expense	1,556	1,319	1,165	1,271	1,065
Taxes other than on income	1,030	1,039	1,087	1,548	1,005
Depreciation, depletion and amortization	7,533	6,951	6,449	6,926	8,447
Asset impairments and other charges	60	356	209	0	304
Acquisition-related costs	13	84	26	89	153
Exploration expense	249	275	441	216	252
Interest and debt expense, net	1,079	1,169	957	1,030	1,614
Total	19,023	18,930	19,595	24,088	23,362
Income before income taxes and other items	3,052	3,265	4,236	13,007	2,952
Income from equity investments and other	76	759	426	793	631
Total	76	759	426	1,110	753
Income from continuing operations before income taxes	3,128	4,024	4,662	14,117	3,705
Income tax expense	−1,021	−1,158	−1,330	−813	−915
Income from continuing operations	2,107	2,866	3,332	13,304	2,790
Income from discontinued operations, net of tax	262	212	1,364	0	−468
NET INCOME	2,369	3,078	4,696	13,304	2,322
Less: Net income attributable to noncontrolling interest	−43	−22	0	0	0
Less: Preferred stock dividends and redemption premiums	−679	−679	−923	−800	−800
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	1,647	2,377	3,773	12,504	1,522
Income from continuing operationsbasic (in dollars per share)	1.38	2.36	2.69	13.41	2.12
Discontinued operationsbasic (in dollars per share)	0.27	0.23	1.53	0	−0.5
Net income attributable to common stockholdersbasic (in dollars per share)	1.65	2.59	4.22	13.41	1.62
Income from continuing operationsdiluted (in dollars per share)	1.35	2.23	2.49	12.4	2.06
Discontinued operationsdiluted (in dollars per share)	0.26	0.21	1.41	0	−0.48
Net income attributable to common stockholdersdiluted (in dollars per share)	1.61	2.44	3.9	12.4	1.58

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,968	2,125	1,426	984	2,764
Trade receivables	2,600	2,800	3,200	4,300	4,200
Joint interest receivables	684	720	902	—	—
Inventories	1,823	1,756	2,022	2,059	1,846
Assets held for sale	1,176	1,140	—	—	—
Other current assets	601	490	830	1,562	1,393
Total current assets	8,827	9,070	8,375	8,886	10,211
Gross property, plant and equipment	137,753	131,630	126,811	120,734	118,157
Accumulated depreciation, depletion and amortization	−74,110	−65,767	−68,282	−62,350	−58,227
Total property, plant and equipment, net	63,643	65,863	55,494	58,384	59,930
Operating lease assets	908	755	1,130	903	726
Investments in unconsolidated entities	2,475	2,646	3,224	3,200	2,900
Non-current assets held for sale	5,344	4,430	—	—	—
Other long-term assets	2,989	2,681	—	—	—
Total non-current assets	11,716	10,512	2,750	1,260	—
TOTAL ASSETS	84,186	85,445	74,008	72,609	75,036
Current maturities of long-term debt	1,773	1,138	1,202	165	186
Accounts payable	3,285	3,472	3,646	4,029	3,899
Accrued liabilities	3,592	4,248	3,854	3,290	4,053
Liabilities held for sale	778	663	—	—	—
Total current liabilities	9,428	9,521	9,148	7,757	8,324
LONG-TERM DEBT, NET	20,623	24,979	18,536	19,670	29,431
Deferred income taxes, net	5,636	5,394	5,764	5,512	7,039
Asset retirement obligations	4,172	3,923	3,882	3,636	3,687
Non-current liabilities held for sale	418	333	—	—	—
Other deferred credits and liabilities	7,311	6,815	6,329	—	—
Total deferred credits and other liabilities	17,537	16,465	15,975	15,097	16,954
Preferred stock, at $1.00 per share par value, issued shares: 2025 84,897 and 2024 84,897	8,287	8,287	8,287	9,762	9,762
Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2025 1,214,337,600 and 2024 1,166,769,167	243	233	222	220	217
Treasury stock: 2025 228,311,184 shares and 2024 228,311,184 shares	−15,597	−15,597	−15,582	−13,772	—
Additional paid-in capital	21,008	19,868	17,422	17,181	—
Retained earnings	21,891	21,189	19,626	16,499	4,480
Accumulated other comprehensive income	202	179	275	195	−208
Total stockholders equity	36,034	34,159	30,250	30,085	20,327
Noncontrolling interest	564	321	99	0	—
Total equity	36,598	34,480	30,349	30,085	20,327
TOTAL LIABILITIES AND EQUITY	84,186	85,445	74,008	72,609	75,036

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Discontinued operations, net	−262	−212	−1,364	0	468
Deferred income tax provision (benefit)	127	−265	54	−1,644	46
Other noncash charges to income	420	454	133	−8	229
Asset impairments	21	355	209	0	304
Losses (gains) on sales of assets and other, net	−263	60	−522	−308	—
Undistributed losses (earnings) from equity investments	619	−83	141	−219	−70
Dry hole expense	109	106	299	84	125
(Increase) decrease in trade receivables	252	−116	931	−97	−2,086
(Increase) decrease in inventories	12	−27	−84	−230	−86
(Increase) decrease in joint interest receivables and other current assets	−62	286	−350	−335	—
Decrease in accounts payable and accrued liabilities	−964	−540	−423	−478	865
Increase (decrease) in current domestic and foreign income taxes	−305	472	66	−185	0
Operating cash flow from continuing operations	9,606	10,519	10,235	16,810	10,253
Operating cash flow from discontinued operations	926	920	2,073	0	181
Net cash provided by operating activities	10,532	11,439	12,308	16,810	10,434
Capital expenditures	−6,427	−6,263	−5,696	−4,497	−2,870
Change in capital accrual	32	100	−22	147	97
Purchases of assets, businesses and equity investments, net	−280	−9,117	−713	−990	—
Proceeds from sale of assets and equity investments, net	2,278	1,673	447	584	—
Equity investments and other, net	−286	−214	−479	−116	406
Investing cash flow from continuing operations	−4,683	−13,821	−6,463	−4,872	−1,174
Investing cash flow from discontinued operations	−1,116	−769	−517	0	−79
Net cash used by investing activities	−5,799	−14,590	−6,980	−4,872	−1,253
Draws on receivables securitization facility	0	0	283	400	0
Payment of receivables securitization facility	0	0	−283	−400	0
Proceeds from long-term debt, net	0	9,612	−46	0	—
Payments of long-term debt, net	−3,754	−4,514	−22	−9,484	−6,834
Redemption of preferred stock	0	0	−1,661	0	0
Purchases of treasury stock	0	−27	−1,798	−3,099	−8
Cash dividends paid on common and preferred stock	−1,594	−1,446	−1,365	−1,184	−839
Proceeds from issuance of common stock	966	584	135	293	31
Contributions from noncontrolling interest	200	200	100	0	0
Deferred payments for purchases of assets and businesses	−417	−318	0	0	—
Other financing, net	−236	−242	−229	−130	−80
Financing cash flow from continuing operations	−4,835	3,849	−4,886	−13,715	−8,564
Financing cash flow from discontinued operations	−9	−5	−4	0	−8
Net cash provided (used) by financing activities	−4,844	3,844	−4,890	−13,715	−8,572
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	−111	693	438	−1,777	609

Filings

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Frequently asked questions

What is OCCIDENTAL PETROLEUM CORP /DE/'s CIK number?

OCCIDENTAL PETROLEUM CORP /DE/'s SEC CIK number is 0000797468 (797468). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find OCCIDENTAL PETROLEUM CORP /DE/'s SEC filings?

All of OCCIDENTAL PETROLEUM CORP /DE/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did OCCIDENTAL PETROLEUM CORP /DE/ last report earnings?

OCCIDENTAL PETROLEUM CORP /DE/ (OXY-WT) most recently filed an earnings 8-K with the SEC on Jul 10, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-047886). This is OCCIDENTAL PETROLEUM CORP /DE/'s most recent earnings filing of record — not a forecast of its next earnings date.

What is OCCIDENTAL PETROLEUM CORP /DE/'s most recent earnings 8-K?

OCCIDENTAL PETROLEUM CORP /DE/'s latest earnings 8-K (Item 2.02) was filed Jul 10, 2026 under accession 0001628280-26-047886. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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