OCCIDENTAL PETROLEUM CORP /DE/

OXY 10-K · Q4 2025

OXY Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 1,752 2,054 -14.7%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 344 65 +429.2%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,806 5,624 -14.5%
Interest Dividends And Other Income 57 62 -8.1%
Revenues Operating And Nonoperating 2,059 2,152 -4.3%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 685 82 +735.4%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,764 5,619 -15.2%
Results Of Operations Expense From Oil And Gas Producing Activities 1,155 1,191 -3.0%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 1,155 1,191 -3.0%
Transportation And Gathering Expense 422 443 -4.7%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 411 435 -5.5%
Selling, General & Administrative 158 174 -9.2%
Other Cost And Expense Operating 271 231 +17.3%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 83 77 +7.8%
Oil and gas · Other Operating Segments And Intersegment Eliminations 299 262 +14.1%
Taxes Excluding Income And Excise Taxes 249 283 -12.0%
Show Business Segments breakouts
Oil and gas · Other Operating Segments And Intersegment Eliminations 244 278 -12.2%
Depreciation & Amortization 1,619 1,557 +4.0%
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Midstream and marketing · Other Operating Segments And Intersegment Eliminations 32 24 +33.3%
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,853 1,773 +4.5%
Business Combination Acquisition Related Costs 0 9 -100.0%
Exploration Expense 45 69 -34.8%
Interest And Debt Expense 215 321 -33.0%
Costs And Other Deductions 1,910 2,417 -21.0%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 328 368 -10.9%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,100 4,439 -7.6%
Income Loss From Continuing Operations Before Nonoperating Income Expense Equity Method Investments Income Taxes Noncontrolling Interest 149 -265 +156.2%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 357 -286 +224.8%
Oil and gas · Other Operating Segments And Intersegment Eliminations 664 1,180 -43.7%
Income Loss From Equity Method Investments -257 50 -614.0%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations -170 135 -225.9%
Oil and gas · Other Operating Segments And Intersegment Eliminations -9 -8 -12.5%
Non-Operating Income (Expense) -257 50 -614.0%
Income Before Taxes -108 -215 +49.8%
Show Business Segments breakouts
Midstream and marketing · Operating Segments 187 -151 +223.8%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 187 -151 +223.8%
Oil and gas · Operating Segments 655 1,172 -44.1%
Oil and gas · Other Operating Segments And Intersegment Eliminations 655 1,172 -44.1%
Show Consolidation Items breakouts
Corporate and eliminations -140 -61 -129.5%
Income Tax Expense (Benefit) -40 65 -161.5%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest -148 -150 +1.3%
Net Income 114 -120 +195.0%
Show Equity Components breakouts
Noncontrolling Interest 12 7 +71.4%
Retained Earnings 102 -127 +180.3%
Net Income Loss Attributable To Noncontrolling Interest -12 -7 -71.4%
Preferred Stock Dividends And Other Adjustments -170 -170 0.0%
Net Income Loss Attributable To Common Stockholders -68 -297 +77.1%
Income Loss From Continuing Operations Per Basic Share -0.35 -0.39 +10.3%
EPS (Basic) -0.08 -0.36 +77.8%
Income Loss From Continuing Operations Per Diluted Share -0.33 -0.35 +5.7%
EPS (Diluted) -0.07 -0.33 +78.8%
Revenue 1,658 2,157 -23.1%
Show Product Lines breakouts
Natural Gas Liquids Reserves · Oil and gas 393 551 -28.7%
Natural Gas Liquids Reserves · Oil and gas 82 97 -15.5%
Natural Gas Liquids Reserves · Oil and gas 475 648 -26.7%
Natural Gas Reserves · Oil and gas 191 200 -4.5%
Natural Gas Reserves · Oil and gas 89 92 -3.3%
Natural Gas Reserves · Oil and gas 280 292 -4.1%
Oil Reserves · Oil and gas 3,409 4,040 -15.6%
Oil Reserves · Oil and gas 655 681 -3.8%
Oil Reserves · Oil and gas 4,064 4,721 -13.9%
Product And Service Other · Oil and gas -15 -38 +60.5%
Product And Service Other · Oil and gas 2 1 +100.0%
Product And Service Other · Oil and gas -13 -37 +64.9%
Show Business Segments breakouts
Midstream and marketing · Non Us 223 120 +85.8%
Midstream and marketing · Operating Segments 247 166 +48.8%
Midstream and marketing · US 24 46 -47.8%
Oil and gas · Non Us 828 871 -4.9%
Oil and gas · Operating Segments 4,806 5,624 -14.5%
Oil and gas · US 3,978 4,753 -16.3%
Show — breakouts
Revenue 18,212 19,221 -5.2%
Revenue 14,667 15,687 -6.5%
Revenue 776 617 +25.8%
Show Consolidation Items breakouts
Intersegment Elimination 183 71 +157.7%
Other Revenue 94 -103 +191.3%
Comprehensive Income 100 -197 +150.8%
Wtd Avg Shares (Basic) 4.3 9.7 -55.7%
Wtd Avg Shares (Diluted) 1 5.7 -82.5%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -5 1 -600.0%
Net Income Loss Available To Common Stockholders Basic -67 -295 +77.3%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 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 YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Deferred Income Taxes 126 -83 +251.8%
Other Non-Cash Items -265 115 -330.4%
Gain Loss On Disposition Of Assets1 -250 8 -3225.0%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations -341 -17 -1905.9%
Oil and gas · Other Operating Segments And Intersegment Eliminations 42 5 +740.0%
Increase Decrease In Receivables -100 416 -124.0%
Change in Inventory -4 199 -102.0%
Increase Decrease In Accounts Payable And Accrued Liabilities 103 -110 +193.6%
Increase Decrease In Accrued Income Taxes Payable -136 -40 -240.0%
Net Cash Provided By Used In Operating Activities Continuing Operations 1,708 2,336 -26.9%
Net Cash from Operations 2,634 3,356 -21.5%
Investing Activities
Capital Expenditures -753 -1,026 +26.6%
Increase Decrease In Capital Accrual 119 139 -14.4%
Payments To Acquire Assets Investing Activities -49 -80 +38.8%
Payments For Proceeds From Equity Investments And Other Net -59 -65 +9.2%
Net Cash from Investing -1,810 -1,790 -1.1%
Financing Activities
Repayments Of Long Term Debt -170 -507 +66.5%
Payments Of Ordinary Dividends -408 -377 -8.2%
Proceeds From Issuance Of Common Stock 18 13 +38.5%
Proceeds From Minority Shareholders 47 54 -13.0%
Proceeds From Payments For Other Financing Activities -98 -147 +33.3%
Net Cash from Financing -974 -1,202 +19.0%
Supplemental
Income Taxes Paid 52 228 -77.2%
Interest Paid 187 155 +20.6%
Other Cash Flow
Net Change in Cash -150 364 -141.2%
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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