OCCIDENTAL PETROLEUM CORP /DE/

OXY 10-K · FY 2025

OXY FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 21,593 22,019 -1.9%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 1,279 886 +44.4%
Oil and gas · Other Operating Segments And Intersegment Eliminations 20,902 21,705 -3.7%
Show Related Party Transactions By Related Party breakouts
Related Party 128 146 -12.3%
Interest Dividends And Other Income 219 192 +14.1%
Gain Loss On Disposition Of Assets And Other Net 263 -16 +1743.8%
Revenues Operating And Nonoperating 22,075 22,195 -0.5%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 1,779 1,514 +17.5%
Oil and gas · Other Operating Segments And Intersegment Eliminations 20,832 21,154 -1.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 4,794 4,580 +4.7%
Results Of Operations Expense From Oil And Gas Producing Activities 4,681 4,738 -1.2%
Show Business Segments breakouts
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,681 4,738 -1.2%
Transportation And Gathering Expense 1,660 1,608 +3.2%
Show Business Segments breakouts
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,629 1,583 +2.9%
Purchased Commodities And Midstream Cost Of Sales 176 431 -59.2%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 800 1,035 -22.7%
Selling, General & Administrative 986 960 +2.7%
Other Cost And Expense Operating 1,556 1,319 +18.0%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 359 289 +24.2%
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,161 997 +16.4%
Taxes Excluding Income And Excise Taxes 1,030 1,039 -0.9%
Show Business Segments breakouts
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,009 1,026 -1.7%
Depreciation & Amortization 7,533 6,951 +8.4%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 294 273 +7.7%
Oil and gas · Other Operating Segments And Intersegment Eliminations 7,115 6,565 +8.4%
Pretax Asset Impairment And Related Items 60 356 -83.1%
Business Combination Acquisition Related Costs 13 84 -84.5%
Exploration Expense 249 275 -9.5%
Interest And Debt Expense 1,079 1,169 -7.7%
Costs And Other Deductions 19,023 18,930 +0.5%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 1,621 1,748 -7.3%
Oil and gas · Other Operating Segments And Intersegment Eliminations 16,228 15,902 +2.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 5,136 3,025 +69.8%
Income Loss From Continuing Operations Before Nonoperating Income Expense Equity Method Investments Income Taxes Noncontrolling Interest 3,052 3,265 -6.5%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 158 -234 +167.5%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,604 5,252 -12.3%
Income Loss From Equity Method Investments 76 759 -90.0%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 94 797 -88.2%
Oil and gas · Other Operating Segments And Intersegment Eliminations -18 -38 +52.6%
Non-Operating Income (Expense) 76 759 -90.0%
Income Before Taxes 3,128 4,024 -22.3%
Show Business Segments breakouts
Midstream and marketing · Operating Segments 252 563 -55.2%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 252 563 -55.2%
Oil and gas · Operating Segments 4,586 5,214 -12.0%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,586 5,214 -12.0%
Show Consolidation Items breakouts
Corporate and eliminations -631 -584 -8.0%
Income Tax Expense (Benefit) -1,021 -1,158 +11.8%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 2,107 2,866 -26.5%
Income Loss From Discontinued Operations Net Of Tax 262 212 +23.6%
Show Disposal Group Classification breakouts
Discontinued Operations Heldforsale · OxyChem 262 212 +23.6%
Net Income 2,369 3,078 -23.0%
Show Equity Components breakouts
Noncontrolling Interest 43 22 +95.5%
Retained Earnings 2,326 3,056 -23.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees -342 1,555 -122.0%
Net Income Loss Attributable To Noncontrolling Interest -43 -22 -95.5%
Preferred Stock Dividends And Other Adjustments -679 -679 0.0%
Net Income Loss Attributable To Common Stockholders 1,647 2,377 -30.7%
Income Loss From Continuing Operations Per Basic Share 1.38 2.36 -41.5%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share 0.27 0.23 +17.4%
EPS (Basic) 1.65 2.59 -36.3%
Income Loss From Continuing Operations Per Diluted Share 1.35 2.23 -39.5%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share 0.26 0.21 +23.8%
EPS (Diluted) 1.61 2.44 -34.0%
Revenue 21,569 22,710 -5.0%
Show Product Lines breakouts
Natural Gas Liquids Reserves · Oil and gas 1,897 1,865 +1.7%
Natural Gas Liquids Reserves · Oil and gas 352 390 -9.7%
Natural Gas Liquids Reserves · Oil and gas 2,249 2,255 -0.3%
Natural Gas Reserves · Oil and gas 1,017 514 +97.9%
Natural Gas Reserves · Oil and gas 352 361 -2.5%
Natural Gas Reserves · Oil and gas 1,369 875 +56.5%
Oil Reserves · Oil and gas 14,459 15,604 -7.3%
Oil Reserves · Oil and gas 2,715 2,940 -7.7%
Oil Reserves · Oil and gas 17,174 18,544 -7.4%
Product And Service Other · Oil and gas 105 29 +262.1%
Product And Service Other · Oil and gas 5 2 +150.0%
Product And Service Other · Oil and gas 110 31 +254.8%
Show Business Segments breakouts
Midstream and marketing · Non Us 709 413 +71.7%
Midstream and marketing · Operating Segments 1,255 1,577 -20.4%
Midstream and marketing · US 546 1,164 -53.1%
Oil and gas · Non Us 3,424 3,693 -7.3%
Oil and gas · Operating Segments 20,902 21,705 -3.7%
Oil and gas · US 17,478 18,012 -3.0%
Show Geography breakouts
Non Us · Operating Segments 4,133 4,106 +0.7%
Outside North America 4.2
US · Operating Segments 18,024 19,176 -6.0%
Show Consolidation Items breakouts
Intersegment Elimination -588 -572 -2.8%
Operating Segments 21,569 22,710 -5.0%
Other Revenue 24 -691 +103.5%
Comprehensive Income 2,349 2,960 -20.6%
Wtd Avg Shares (Basic) 975.5 911.8 +7.0%
Wtd Avg Shares (Diluted) 1,000.1 967.1 +3.4%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -15 -5 -200.0%
Net Income Loss Available To Common Stockholders Basic 1,612 2,364 -31.8%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,968 2,125 -7.4%
Accounts Receivable 2,575 2,839 -9.3%
Show Related Party Transactions By Related Party breakouts
Related Party 30 36 -16.7%
Oil And Gas Joint Interest Billing Receivables 684 720 -5.0%
Inventory 1,823 1,756 +3.8%
Assets Of Disposal Group Including Discontinued Operation Current 1,176 1,140 +3.2%
Show Disposal Group Classification breakouts
Discontinued Operations Heldforsale · OxyChem 1,176 1,140 +3.2%
Other Assets Current 601 490 +22.7%
Total Current Assets 8,827 9,070 -2.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 4,086 4,643 -12.0%
Non-Current Assets
Operating Lease Right-of-Use Assets 908 755 +20.3%
Show Property Plant And Equipment By Type breakouts
Compressors 130
Drilling Rigs 273
Office Space 251
Other 110
Vessels 191
Equity Method Investments 2,475 2,646 -6.5%
Show Legal Entity breakouts
BlackRock, Inc. 500
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Other 443
WES 2,032
Disposal Group Including Discontinued Operation Assets Noncurrent 5,344 4,430 +20.6%
Show Disposal Group Classification breakouts
Discontinued Operations Heldforsale · OxyChem 5,344 4,430 +20.6%
Other Assets Miscellaneous Noncurrent 2,989 2,681 +11.5%
Other Non-Current Assets 11,716 10,512 +11.5%
Total Assets 84,186 85,445 -1.5%
Show Business Segments breakouts
Midstream and marketing · Operating Segments 13,901 13,177 +5.5%
Oil and gas · Operating Segments 60,393 63,596 -5.0%
Show Geography breakouts
Outside North America 7.8
Show Consolidation Items breakouts
Corporate and eliminations 3,372 3,102 +8.7%
Show Disposal Group Classification breakouts
Discontinued Operations Heldforsale · Assets held for sale 6,520 5,570 +17.1%
Goodwill 668
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization 137,753 131,630 +4.7%
Show Business Segments breakouts
Midstream and marketing · Operating Segments 9,638 8,593 +12.2%
Oil and gas · Operating Segments 126,896 121,874 +4.1%
Show Consolidation Items breakouts
Corporate Non Segment 1,219 1,163 +4.8%
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization -74,110 -65,767 -12.7%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 63,643 65,863 -3.4%
Show Geography breakouts
AE 3,375 3,495 -3.4%
DZ 626 618 +1.3%
International 6,605 6,705 -1.5%
OM 2,238 2,187 +2.3%
Other International 40 44 -9.1%
QA 326 361 -9.7%
US 57,038 59,158 -3.6%
Current Liabilities
Long Term Debt And Capital Lease Obligations Current 1,773 1,138 +55.8%
Accounts Payable 3,285 3,472 -5.4%
Show Related Party Transactions By Related Party breakouts
Related Party 333 342 -2.6%
Accrued Liabilities 3,592 4,248 -15.4%
Liabilities Of Disposal Group Including Discontinued Operation Current 778 663 +17.3%
Show Disposal Group Classification breakouts
Discontinued Operations Heldforsale · OxyChem 778 663 +17.3%
Total Current Liabilities 9,428 9,521 -1.0%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 2,279 2,183 +4.4%
Non-Current Liabilities
Deferred Tax Liabilities 5,636 5,394 +4.5%
Asset Retirement Obligations Noncurrent 4,172 3,923 +6.3%
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent 418 333 +25.5%
Show Disposal Group Classification breakouts
Discontinued Operations Heldforsale · OxyChem 418 333 +25.5%
Deferred Credits And Other Liabilities Noncurrent 17,537 16,465 +6.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
DEL 220
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 2,624 2,328 +12.7%
Long-Term Debt 21,397 25,324 -15.5%
Show Debt Instrument breakouts
Two-year term loan due 2026 (5.475% and 6.249% as of December 31, 2025 and 2024, respectively) · Secured Debt 15
Operating Lease Liabilities 605 469 +29.0%
Accrued Income Taxes Noncurrent 2,393 2,204 +8.6%
Other Liabilities
Long Term Debt And Capital Lease Obligations 20,623 24,979 -17.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 9,787 9,296 +5.3%
Deferred Credits And Other Liabilities Noncurrent Other 7,311 6,815 +7.3%
Stockholders' Equity
Preferred Stock Value 8,287 8,287 0.0%
Common Stock 243 233 +4.3%
Treasury Stock Common Value -15,597 -15,597 0.0%
Additional Paid-In Capital 21,008 19,868 +5.7%
Retained Earnings 21,891 21,189 +3.3%
Accumulated Other Comprehensive Income 202 179 +12.8%
Total Stockholders' Equity 36,034 34,159 +5.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investment Nonconsolidated Investee Or Group Of Investees 6,995 7,968 -12.2%
Minority Interest 564 321 +75.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 36,598 34,480 +6.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss 208 170 +22.4%
Accumulated Other Comprehensive Income 202 179 +12.8%
Accumulated Translation Adjustment -6 -6 0.0%
Additional Paid In Capital 21,008 19,868 +5.7%
Common Stock 243 233 +4.3%
Noncontrolling Interest 564 321 +75.7%
Preferred Stock 8,287 8,287 0.0%
Retained Earnings 21,891 21,189 +3.3%
Treasury Stock Common -15,597 -15,597 0.0%
Total Liabilities & Equity 84,186 85,445 -1.5%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax -262 -212 -23.6%
Deferred Income Taxes 127 -265 +147.9%
Other Non-Cash Items 420 454 -7.5%
Non Cash Portion Of Asset Impairment And Related Items 21 355 -94.1%
Gain Loss On Disposition Of Assets1 -263 60 -538.3%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations -500 -628 +20.4%
Oil and gas · Other Operating Segments And Intersegment Eliminations 70 551 -87.3%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions 619 -83 +845.8%
Exploration Abandonment And Impairment Expense 109 106 +2.8%
Increase Decrease In Receivables 252 -116 +317.2%
Change in Inventory 12 -27 +144.4%
Increase Decrease In Joint Interest Receivables And Other Current Assets -62 286 -121.7%
Increase Decrease In Accounts Payable And Accrued Liabilities -964 -540 -78.5%
Increase Decrease In Accrued Income Taxes Payable -305 472 -164.6%
Net Cash Provided By Used In Operating Activities Continuing Operations 9,606 10,519 -8.7%
Cash Provided By Used In Operating Activities Discontinued Operations 926 920 +0.7%
Net Cash from Operations 10,532 11,439 -7.9%
Investing Activities
Capital Expenditures -6,427 -6,263 -2.6%
Increase Decrease In Capital Accrual 32 100 -68.0%
Payments To Acquire Assets Investing Activities -280 -9,117 +96.9%
Proceeds From Sales Of Business Affiliate And Productive Assets 2,278 1,673 +36.2%
Payments For Proceeds From Equity Investments And Other Net -286 -214 -33.6%
Net Cash Provided By Used In Investing Activities Continuing Operations -4,683 -13,821 +66.1%
Cash Provided By Used In Investing Activities Discontinued Operations -1,116 -769 -45.1%
Net Cash from Investing -5,799 -14,590 +60.3%
Financing Activities
Repayments Of Long Term Debt -3,754 -4,514 +16.8%
Payments Of Ordinary Dividends -1,594 -1,446 -10.2%
Proceeds From Issuance Of Common Stock 966 584 +65.4%
Proceeds From Minority Shareholders 200 200 0.0%
Deferred Payments For Purchases Of Assets And Businesses -417 -318 -31.1%
Proceeds From Payments For Other Financing Activities -236 -242 +2.5%
Net Cash Provided By Used In Financing Activities Continuing Operations -4,835 3,849 -225.6%
Cash Provided By Used In Financing Activities Discontinued Operations -9 -5 -80.0%
Net Cash from Financing -4,844 3,844 -226.0%
Debt Repayments 3,964
Show Debt Instrument breakouts
3.400% senior notes due 2026 · Senior Notes 284
5.500% senior notes due 2025 · Senior Notes 465
5.550% senior notes due 2026 · Senior Notes 870
5.875% senior notes due 2025 · Senior Notes 536
Other 1
Two-year term loan due 2026 (5.475% and 6.249% as of December 31, 2025 and 2024, respectively) · Secured Debt 1,420
Zero Coupon senior notes due 2036 · Senior Notes 388
Supplemental
Income Taxes Paid 1,236 1,040 +18.8%
Interest Paid 1,250 1,052 +18.8%
Other Cash Flow
Net Change in Cash -111 693 -116.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 2,046 2,157 -5.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,005 2,150 -6.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations 41 7 +485.7%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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