OCCIDENTAL PETROLEUM CORP /DE/

OXY 10-Q · Q1 2026

OXY Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 5,230 5,704 -8.3%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 397 173 +129.5%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,975 5,683 -12.5%
Interest Dividends And Other Income 81 53 +52.8%
Gain Loss On Disposition Of Assets And Other Net -202 -19 -963.2%
Revenues Operating And Nonoperating 5,109 5,738 -11.0%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 248 200 +24.0%
Oil and gas · Other Operating Segments And Intersegment Eliminations 4,946 5,677 -12.9%
Results Of Operations Expense From Oil And Gas Producing Activities 1,118 1,217 -8.1%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 1,118 1,217 -8.1%
Transportation And Gathering Expense 421 452 -6.9%
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Midstream and marketing · Other Operating Segments And Intersegment Eliminations 184 203 -9.4%
Oil and gas · Other Operating Segments And Intersegment Eliminations 391 407 -3.9%
Selling, General & Administrative 245 241 +1.7%
Other Cost And Expense Operating 356 326 +9.2%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 79 81 -2.5%
Oil and gas · Other Operating Segments And Intersegment Eliminations 273 244 +11.9%
Taxes Excluding Income And Excise Taxes 259 264 -1.9%
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Oil and gas · Other Operating Segments And Intersegment Eliminations 252 260 -3.1%
Depreciation & Amortization 1,794 1,804 -0.6%
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Midstream and marketing · Other Operating Segments And Intersegment Eliminations 71 73 -2.7%
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,690 1,702 -0.7%
Pretax Asset Impairment And Related Items 120
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 105
Exploration Expense 110 55 +100.0%
Interest And Debt Expense 432 310 +39.4%
Costs And Other Deductions 4,855 4,675 +3.9%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 473 386 +22.5%
Oil and gas · Other Operating Segments And Intersegment Eliminations 3,927 3,980 -1.3%
Income Loss From Continuing Operations Before Nonoperating Income Expense Equity Method Investments Income Taxes Noncontrolling Interest 254 1,063 -76.1%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations -225 -186 -21.0%
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,019 1,697 -40.0%
Income Loss From Equity Method Investments 136 114 +19.3%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 138 114 +21.1%
Oil and gas · Other Operating Segments And Intersegment Eliminations -2
Non-Operating Income (Expense) 136 114 +19.3%
Income Before Taxes 390 1,177 -66.9%
Show Business Segments breakouts
Midstream and marketing · Operating Segments -87 -72 -20.8%
Midstream and marketing · Other Operating Segments And Intersegment Eliminations -87 -72 -20.8%
Oil and gas · Operating Segments 1,017 1,697 -40.1%
Oil and gas · Other Operating Segments And Intersegment Eliminations 1,017 1,697 -40.1%
Show Consolidation Items breakouts
Corporate and eliminations -108 -138 +21.7%
Income Tax Expense (Benefit) -154 -347 +55.6%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 236 830 -71.6%
Income Loss From Discontinued Operations Net Of Tax 3,123 115 +2615.7%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Sale · OxyChem 3,123
Net Income 3,359 945 +255.4%
Show Equity Components breakouts
Noncontrolling Interest 14 9 +55.6%
Retained Earnings 3,345 936 +257.4%
Net Income Loss Attributable To Noncontrolling Interest -14 -9 -55.6%
Preferred Stock Dividends And Other Adjustments -170 -170 0.0%
Net Income Loss Attributable To Common Stockholders 3,175 766 +314.5%
Income Loss From Continuing Operations Per Basic Share 0.05 0.69 -92.8%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share 3.14 0.12 +2516.7%
EPS (Basic) 3.19 0.81 +293.8%
Income Loss From Continuing Operations Per Diluted Share 0.05 0.65 -92.3%
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share 3.08 0.12 +2466.7%
EPS (Diluted) 3.13 0.77 +306.5%
Revenue 5,569 5,813 -4.2%
Show Product Lines breakouts
Natural Gas Liquids Reserves · Oil and gas 444 578 -23.2%
Natural Gas Liquids Reserves · Oil and gas 74 96 -22.9%
Natural Gas Liquids Reserves · Oil and gas 518 674 -23.1%
Natural Gas Reserves · Oil and gas 164 381 -57.0%
Natural Gas Reserves · Oil and gas 83 84 -1.2%
Natural Gas Reserves · Oil and gas 247 465 -46.9%
Oil Reserves · Oil and gas 3,873 3,830 +1.1%
Oil Reserves · Oil and gas 650 675 -3.7%
Oil Reserves · Oil and gas 4,523 4,505 +0.4%
Product And Service Other · Oil and gas 24 38 -36.8%
Product And Service Other · Oil and gas 2 1 +100.0%
Product And Service Other · Oil and gas 26 39 -33.3%
Show Business Segments breakouts
Midstream and marketing · Non Us 276 138 +100.0%
Midstream and marketing · Operating Segments 397 282 +40.8%
Midstream and marketing · US 121 144 -16.0%
Oil and gas · Non Us 809 856 -5.5%
Oil and gas · Operating Segments 5,314 5,683 -6.5%
Oil and gas · US 4,505 4,827 -6.7%
Show Geography breakouts
Non Us · Operating Segments 1,085 994 +9.2%
US · Operating Segments 4,626 4,971 -6.9%
Show Consolidation Items breakouts
Intersegment Elimination -142 -152 +6.6%
Operating Segments 5,569 5,813 -4.2%
Other Revenue -339 -109 -211.0%
Comprehensive Income 3,337 927 +260.0%
Wtd Avg Shares (Basic) 989.8 941.3 +5.2%
Wtd Avg Shares (Diluted) 1,006.9 982.9 +2.4%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 3 -3 +200.0%
Net Income Loss Available To Common Stockholders Basic 3,155 761 +314.6%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 3,811 2,604 +46.4%
Accounts Receivable 3,677
Inventory 1,862
Other Assets Current 933 699 +33.5%
Total Current Assets 11,074 9,716 +14.0%
Non-Current Assets
Operating Lease Right-of-Use Assets 890 925 -3.8%
Other Assets Miscellaneous Noncurrent 3,043
Other Non-Current Assets 6,274 2,978 +110.7%
Total Assets 80,464
Show Business Segments breakouts
Midstream and marketing · Operating Segments 15,219
Oil and gas · Operating Segments 60,412
Show Consolidation Items breakouts
Corporate and eliminations 4,833
Property, Plant & Equipment 63,116
Show Business Segments breakouts
Midstream and marketing · Operating Segments 6,248
Oil and gas · Operating Segments 56,217
Show Consolidation Items breakouts
Corporate and eliminations 651
Other Assets
Oil And Gas Joint Interest Billing Receivables 791 657 +20.4%
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization 138,123 142,344 -3.0%
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization -75,007 -74,117 -1.2%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 63,116 68,227 -7.5%
Equity Method Investments 2,341 3,121 -25.0%
Current Liabilities
Long Term Debt And Capital Lease Obligations Current 424 1,557 -72.8%
Accounts Payable 3,776 3,779 -0.1%
Accrued Liabilities 4,953
Total Current Liabilities 9,153 9,623 -4.9%
Non-Current Liabilities
Deferred Tax Liabilities 5,033 5,263 -4.4%
Asset Retirement Obligations Noncurrent 4,128 3,854 +7.1%
Other Non-Current Liabilities 7,343 7,085 +3.6%
Deferred Credits And Other Liabilities Noncurrent 16,504 16,202 +1.9%
Long-Term Debt 14,707
Long-Term Debt 15,247
Operating Lease Liabilities 557
Accrued Income Taxes Noncurrent 2,427
Other Liabilities
Long Term Debt And Capital Lease Obligations 15,247 24,037 -36.6%
Stockholders' Equity
Preferred Stock Value 8,287 8,287 0.0%
Common Stock 244 234 +4.3%
Treasury Stock Common Value -15,676 -15,597 -0.5%
Additional Paid-In Capital 21,077 19,892 +6.0%
Retained Earnings 24,806 21,726 +14.2%
Accumulated Other Comprehensive Income 194 170 +14.1%
Total Stockholders' Equity 38,932 34,712 +12.2%
Minority Interest 628 393 +59.8%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 39,560 35,105 +12.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 194 170 +14.1%
Additional Paid In Capital 21,077 19,892 +6.0%
Common Stock 244 234 +4.3%
Noncontrolling Interest 628 393 +59.8%
Preferred Stock 8,287 8,287 0.0%
Retained Earnings 24,806 21,726 +14.2%
Treasury Stock Common -15,676 -15,597 -0.5%
Total Liabilities & Equity 80,464 84,967 -5.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax -3,123 -115 -2615.7%
Deferred Income Taxes 50 -125 +140.0%
Non Cash Portion Of Asset Impairment And Related Items 105
Gain Loss On Disposition Of Assets1 202 19 +963.2%
Show Business Segments breakouts
Midstream and marketing · Other Operating Segments And Intersegment Eliminations 149 -27 +651.9%
Oil and gas · Other Operating Segments And Intersegment Eliminations 29 6 +383.3%
Other Non-Cash Items 864 243 +255.6%
Increase Decrease In Receivables -1,101 -19 -5694.7%
Change in Inventory -26
Increase Decrease In Other Current Assets -285 -3 -9400.0%
Increase Decrease In Accounts Payable And Accrued Liabilities -482 -766 +37.1%
Increase Decrease In Accrued Income Taxes Payable 35 49 -28.6%
Net Cash Provided By Used In Operating Activities Continuing Operations 1,392 2,032 -31.5%
Cash Provided By Used In Operating Activities Discontinued Operations -111 116 -195.7%
Net Cash from Operations 1,281 2,148 -40.4%
Investing Activities
Capital Expenditures -1,554 -1,682 +7.6%
Increase Decrease In Capital Accrual -25 50 -150.0%
Payments To Acquire Assets Investing Activities -25 -52 +51.9%
Proceeds From Sale Of Productive Assets 57 1,306 -95.6%
Payments For Proceeds From Equity Investments And Other Net -66 -75 +12.0%
Net Cash Provided By Used In Investing Activities Continuing Operations -1,613 -453 -256.1%
Cash Provided By Used In Investing Activities Discontinued Operations 9,461 -278 +3503.2%
Net Cash from Investing 7,848 -731 +1173.6%
Financing Activities
Repayments Of Long Term Debt -6,903 -518 -1232.6%
Proceeds From Issuance Of Common Stock 95 25 +280.0%
Share Repurchases -56
Payments Of Ordinary Dividends -409 -380 -7.6%
Proceeds From Minority Shareholders 50 63 -20.6%
Proceeds From Payments For Other Financing Activities -105 -118 +11.0%
Net Cash Provided By Used In Financing Activities Continuing Operations -7,328 -928 -689.7%
Net Cash from Financing -7,328 -932 -686.3%
Debt Repayments 6.7
Show Debt Instrument breakouts
0.000% loan due 2039 (CAD denominated) · Secured Debt 1
3.000% senior notes due 2027 · Senior Notes 216
3.200% senior notes due 2026 · Senior Notes 182
3.500% senior notes due 2029 · Senior Notes 286
5.000% senior notes due 2027 · Senior Notes 600
5.200% senior notes due 2029 · Senior Notes 1,200
6.125% senior notes due 2031 · Senior Notes 845
6.375% senior notes due 2028 · Senior Notes 578
6.625% senior notes due 2030 · Senior Notes 381
7.125% debentures due 2027 · Debentures 150
7.150% debentures due 2028 · Debentures 232
7.200% senior debentures due 2028 · Senior Notes 82
7.500% debentures due 2026 · Debentures 112
7.950% debentures due 2029 · Senior Notes 14
8.500% senior notes due 2027 · Senior Notes 489
Two-year term loan due 2026 (5.475% as of December 31, 2025) · Secured Debt 1,280
Zero Coupon senior notes due 2036 · Senior Notes 22
Supplemental
Income Taxes Paid 118 414 -71.5%
Interest Paid 404 486 -16.9%
Other Cash Flow
Net Change in Cash 1,801 485 +271.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 3,847 2,642 +45.6%

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

This table is rendered from the same JSON returned by /api/financials.

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