OCCIDENTAL PETROLEUM CORP /DE/

OXY 10-Q · Q2 2025

OXY Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 6,414 6,817 -5.9%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 1,227 1,274 -3.7%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 426 282 +51.1%
Oil and gas · Other Operating Segments And Intersegment Eliminations 5,009 5,469 -8.4%
Interest Dividends And Other Income 44 34 +29.4%
Gain Loss On Disposition Of Assets1 -2 28 -107.1%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 6 7 -14.3%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 38 69 -44.9%
Oil and gas · Other Operating Segments And Intersegment Eliminations -2 7 -128.6%
Revenues Operating And Nonoperating 6,456 6,879 -6.1%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 1,233 1,281 -3.7%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 464 351 +32.2%
Oil and gas · Other Operating Segments And Intersegment Eliminations 5,007 5,476 -8.6%
Results Of Operations Expense From Oil And Gas Producing Activities 1,135 1,179 -3.7%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 1,135 1,179 -3.7%
Transportation And Gathering Expense 409 405 +1.0%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 403 400 +0.8%
Cost of Revenue 847 910 -6.9%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 913 868 +5.2%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 199 280 -28.9%
Selling, General & Administrative 284 259 +9.7%
Other Cost And Expense Operating 497 344 +44.5%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 98 63 +55.6%
Oil and gas · Other Operating Segments And Intersegment Eliminations 357 233 +53.2%
Taxes Excluding Income And Excise Taxes 269 265 +1.5%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 262 263 -0.4%
Depreciation & Amortization 1,936 1,775 +9.1%
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Chemical · Other Operating Segments And Intersegment Eliminations 94 91 +3.3%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 88 82 +7.3%
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,718 1,573 +9.2%
Business Combination Acquisition Related Costs 6 14 -57.1%
Exploration Expense 83 83 0.0%
Interest And Debt Expense 276 252 +9.5%
Costs And Other Deductions 5,742 5,486 +4.7%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 1,048 1,013 +3.5%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 422 455 -7.3%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,062 3,831 +6.0%
Income Loss From Continuing Operations Before Nonoperating Income Expense Equity Method Investments Income Taxes Noncontrolling Interest 714 1,393 -48.7%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 185 268 -31.0%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 42 -104 +140.4%
Oil and gas · Other Operating Segments And Intersegment Eliminations 945 1,645 -42.6%
Income Loss From Equity Method Investments 24 242 -90.1%
Show Business Segments breakouts
Chemical · Other Operating Segments And Intersegment Eliminations 28 28 0.0%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 7 220 -96.8%
Oil and gas · Other Operating Segments And Intersegment Eliminations -11 -6 -83.3%
Non-Operating Income (Expense) 24 242 -90.1%
Income Before Taxes 738 1,635 -54.9%
Show Business Segments breakouts
Chemical · Operating Segments 213 296 -28.0%
Chemical · Other Operating Segments And Intersegment Eliminations 213 296 -28.0%
Midstream and marketing · Operating Segments 49 116 -57.8%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 49 116 -57.8%
Oil and gas · Operating Segments 934 1,639 -43.0%
Oil and gas · Other Operating Segments And Intersegment Eliminations 934 1,639 -43.0%
Show Consolidation Items breakouts
Corporate and eliminations -182 -164 -11.0%
Income Tax Expense (Benefit) -270 -465 +41.9%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 468 1,170 -60.0%
Net Income 468 1,170 -60.0%
Show Equity Components breakouts
Noncontrolling Interest 10 8 +25.0%
Retained Earnings 458 1,162 -60.6%
Net Income Loss Attributable To Noncontrolling Interest -10 -8 -25.0%
Preferred Stock Dividends And Other Adjustments -170 -170 0.0%
Net Income Loss Attributable To Common Stockholders 288 992 -71.0%
Income Loss From Continuing Operations Per Basic Share 0.27 1.1 -75.5%
EPS (Basic) 0.27 1.1 -75.5%
Income Loss From Continuing Operations Per Diluted Share 0.26 1.03 -74.8%
EPS (Diluted) 0.26 1.03 -74.8%
Revenue 6,318 6,802 -7.1%
Show Product Lines breakouts
Natural Gas Liquids Reserves · Oil and gas 457 403 +13.4%
Natural Gas Liquids Reserves · Oil and gas 86 97 -11.3%
Natural Gas Liquids Reserves · Oil and gas 543 500 +8.6%
Natural Gas Reserves · Oil and gas 205 67 +206.0%
Natural Gas Reserves · Oil and gas 88 91 -3.3%
Natural Gas Reserves · Oil and gas 293 158 +85.4%
Oil Reserves · Oil and gas 3,456 4,011 -13.8%
Oil Reserves · Oil and gas 690 761 -9.3%
Oil Reserves · Oil and gas 4,146 4,772 -13.1%
Product And Service Other · Oil and gas 26 39 -33.3%
Product And Service Other · Oil and gas 27 39 -30.8%
Product And Service Other · Oil and gas 1
Show Business Segments breakouts
Chemical · Non Us 74 70 +5.7%
Chemical · Operating Segments 1,226 1,273 -3.7%
Chemical · US 1,152 1,203 -4.2%
Midstream and marketing · Non Us 161 96 +67.7%
Midstream and marketing · Operating Segments 331 268 +23.5%
Midstream and marketing · US 170 172 -1.2%
Oil and gas · Non Us 865 949 -8.9%
Oil and gas · Operating Segments 5,009 5,469 -8.4%
Oil and gas · US 4,144 4,520 -8.3%
Show Geography breakouts
Non Us · Operating Segments 1,100 1,115 -1.3%
US · Operating Segments 5,466 5,895 -7.3%
Show Consolidation Items breakouts
Intersegment Elimination -248 -208 -19.2%
Operating Segments 6,318 6,802 -7.1%
Other Revenue 96 15 +540.0%
Comprehensive Income 452 1,146 -60.6%
Wtd Avg Shares (Basic) 985.1 893.8 +10.2%
Wtd Avg Shares (Diluted) 1,010.4 958.9 +5.4%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -8 -7 -14.3%
Net Income Loss Available To Common Stockholders Basic 261 985 -73.5%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 2,326 1,845 +26.1%
Accounts Receivable 3,469 3,896 -11.0%
Oil And Gas Joint Interest Billing Receivables 638
Inventory 1,874 2,813 -33.4%
Other Assets Current 670 1,538 -56.4%
Total Current Assets 8,977 10,092 -11.0%
Non-Current Assets
Operating Lease Right-of-Use Assets 1,189 1,022 +16.3%
Other Non-Current Assets 2,976 2,772 +7.4%
Total Assets 84,360 76,216 +10.7%
Show Business Segments breakouts
Chemical · Operating Segments 5,623 4,878 +15.3%
Midstream and marketing · Operating Segments 13,658 15,017 -9.0%
Oil and gas · Operating Segments 61,713 53,693 +14.9%
Show Consolidation Items breakouts
Corporate and eliminations 3,366 2,628 +28.1%
Other Assets
Equity Method Investments 2,944 3,460 -14.9%
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization 144,052 130,222 +10.6%
Show Business Segments breakouts
Chemical · Operating Segments 9,227 8,520 +8.3%
Midstream and marketing · Operating Segments 9,668
Oil and gas · Operating Segments 124,112 111,881 +10.9%
Show Consolidation Items breakouts
Corporate Non Segment 1,045 1,091 -4.2%
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization -75,778 -71,352 -6.2%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 68,274 58,870 +16.0%
Current Liabilities
Long Term Debt And Capital Lease Obligations Current 433 1,347 -67.9%
Operating Lease Liability Current 399 410 -2.7%
Accounts Payable 3,823 4,282 -10.7%
Accrued Liabilities 3,909 3,660 +6.8%
Total Current Liabilities 8,564 9,699 -11.7%
Non-Current Liabilities
Deferred Tax Liabilities 5,245 5,680 -7.7%
Asset Retirement Obligations Noncurrent 3,825 3,848 -0.6%
Other Non-Current Liabilities 7,208 3,880 +85.8%
Deferred Credits And Other Liabilities Noncurrent 16,278 15,868 +2.6%
Long-Term Debt 22,996
Long-Term Debt 23,342 18,390 +26.9%
Other Liabilities
Long Term Debt And Capital Lease Obligations 23,342 18,390 +26.9%
Stockholders' Equity
Preferred Stock Value 8,287 8,287 0.0%
Common Stock 243 227 +7.0%
Treasury Stock Common Value -15,597 -15,591 -0.0%
Additional Paid-In Capital 20,849 17,928 +16.3%
Retained Earnings 21,776 20,938 +4.0%
Accumulated Other Comprehensive Income 164 264 -37.9%
Total Stockholders' Equity 35,722
Minority Interest 454
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 36,176 32,259 +12.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 164 264 -37.9%
Additional Paid In Capital 20,849 17,928 +16.3%
Common Stock 243 227 +7.0%
Noncontrolling Interest 454 206 +120.4%
Preferred Stock 8,287 8,287 0.0%
Retained Earnings 21,776 20,938 +4.0%
Treasury Stock Common -15,597 -15,591 -0.0%
Total Liabilities & Equity 84,360 76,216 +10.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Deferred Income Taxes -146 -135 -8.1%
Other Non-Cash Items 502 308 +63.0%
Increase Decrease In Receivables 55 -702 +107.8%
Change in Inventory 243 -787 +130.9%
Increase Decrease In Other Current Assets 27 146 -81.5%
Increase Decrease In Accounts Payable And Accrued Liabilities -622 47 -1423.4%
Increase Decrease In Accrued Income Taxes Payable -238 207 -215.0%
Net Cash from Operations 5,108 4,401 +16.1%
Investing Activities
Capital Expenditures -3,906 -3,554 -9.9%
Increase Decrease In Capital Accrual -7 -24 +70.8%
Payments To Acquire Assets Investing Activities -108 -187 +42.2%
Proceeds From Sale Of Productive Assets 1,450 148 +879.7%
Payments For Proceeds From Equity Investments And Other Net -159 -64 -148.4%
Net Cash from Investing -2,730 -3,681 +25.8%
Financing Activities
Repayments Of Long Term Debt -2,280
Show Debt Instrument breakouts
Senior Notes Due 2025 · Senior Notes -1
Senior Notes Due 2026 · Senior Notes -870
Two-year term loan due 2026 (6.036% and 6.249% as of June 30, 2025 and December 31, 2024, respectively) · Secured Debt -400
Proceeds From Issuance Of Common Stock 931 504 +84.7%
Payments Of Ordinary Dividends -778 -698 -11.5%
Proceeds From Minority Shareholders 114 99 +15.2%
Proceeds From Payments For Other Financing Activities -162 -185 +12.4%
Net Cash from Financing -2,175 -289 -652.6%
Supplemental
Income Taxes Paid 1,021 601 +69.9%
Interest Paid 654 483 +35.4%
Other Cash Flow
Net Change in Cash 203 431 -52.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,360 1,895 +24.5%

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

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