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Energy · NYSE: OXY

Occidental: how the business works

Occidental Petroleum pumps oil and natural gas, mostly in the United States, and had net sales of $21.6 billion in FY2025.

By · Checked against filings: . Editorial policy. Corrections

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Occidental Petroleum Corporation · Houston, Texas

Updated for Q2 FY2026 · checked

Net sales, FY2025
$21.6B
Net income to common stockholders, FY2025
$1.6B
Production a day, FY2025 (barrels of oil equivalent)
1.43 million
Proved reserves, end of 2025 (barrels of oil equivalent)
4.6 billion
Employees, Dec 31, 2025
10,412

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Occidental in 5 points

  1. 1 · What it sells

    Occidental Petroleum pumps crude oil, natural gas liquids and natural gas, mostly in the United States, and had net sales of $21.6 billion in FY2025.

    More: what it sells

  2. 2 · Who pays it

    Occidental names no customers, but in FY2025 buyers of crude oil paid 77.5% of sales before internal eliminations, natural gas liquids 10.2%, natural gas and other products 6.7%, and midstream and marketing customers 5.7% (Cityfort calculation from FY2025 10-K).

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2025, Occidental kept $7.3 for common stockholders, including OxyChem's $262 million result and $263 million of asset-sale gains; income before income taxes and other items plus interest, the nearest operating figure, was $18.4 (Cityfort calculation from FY2025 10-K).

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    Occidental reports no operating income line; oil and gas made 94.8% and midstream and marketing 5.2% of the two segments' $4,838 million pre-tax FY2025 earnings, before interest, tax and corporate costs.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    Occidental's realized oil price was $96.78 a barrel in Q2 FY2026, when common stockholders earned $2,807 million, against $59.22 and a $68 million loss in Q4 FY2025.

    More: the one thing to watch

Sources: From Occidental's FY2025 10-K and its Q4 FY2025 and Q2 FY2026 earnings releases · checked

See the full receipt and the management scorecard below

Sources (3)
Next: Where $100 goes

01Where the money goes · FY2025

Where does $100 of Occidental's money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Occidental · FY2025

Receipt for every $100

Where $100 of Occidental's money went in FY2025
Depreciation, depletion and amortization$33.6
Running the oil and gas fields$20.9
Overheads, exploration and other costs$12.8
Transportation, gathering and purchased commodities$8.2
Interest$4.8
Income tax and other taxes$9.2
Preferred dividends to Berkshire Hathaway$3.0
Outside owners of subsidiaries$0.2
Kept for common stockholders$7.3
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Cityfort calculation from FY2025 10-K. Of every $100 that came in during FY2025: each line ÷ $22,413 million (net sales $21,593 million + other income $219 million + asset-sale gains $263 million + equity-investment income $76 million + OxyChem's after-tax result of $262 million, shown as discontinued operations). Occidental has no operating income line; income before income taxes and other items plus interest, $4,131 million, was $18.4 per $100, the nearest operating figure. Net income to common stockholders on net sales alone was $7.6 per $100.

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Sources (1)
Next: The business in one line

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02The business in one line

What does Occidental do?

Buyers of crude oil, gas liquids and natural gas pay Occidental; most of the money goes on running and wearing out its wells, and what is left moves with oil prices.

  • In FY2025, crude oil was 77.5% of Occidental's sales before internal eliminations, and 81.3% of those sales were in the US (Cityfort calculation from FY2025 10-K).
  • Of every $100 that came in during FY2025, $33.6 covered depreciation, depletion and amortization, $20.9 the cost of running its fields, and $7.3 was left for common stockholders.
Next: Who pays it

03Who pays it

Who pays Occidental?

  • Buyers of crude oil

    78%

    of revenue

    Paid $17,174 million in FY2025: $14,459 million in the US and $2,715 million abroad.

  • Buyers of natural gas liquids

    10%

    of revenue

    Paid $2,249 million in FY2025 for liquids such as ethane and propane separated from gas.

  • Buyers of natural gas and other oil and gas products

    7%

    of revenue

    Paid $1,369 million for natural gas and $110 million for other oil and gas products in FY2025.

  • Midstream and marketing customers

    6%

    of revenue

    Paid $1,255 million in FY2025: $546 million in the US and $709 million abroad.

  • Buyers of crude oil78%
  • Buyers of natural gas liquids10%
  • Buyers of natural gas and other oil and gas products7%
  • Midstream and marketing customers6%

How spread out the customers are

Occidental's FY2025 10-K names no customers and discloses no customer concentration. Shares are of $22,157 million of revenue from customers before $588 million of sales between segments is removed (Cityfort calculation from FY2025 10-K).

Sources (1)
Next: Why it makes money

04Why it makes money

Why does Occidental make money?

Occidental's profit moves mainly with oil prices, which it does not set.

Occidental's realized oil price fell from $76.85 a barrel in FY2023 to $64.60 in FY2025, and net income to common stockholders fell from $3,773 million to $1,647 million. In Q2 FY2026 its realized oil price was $96.78, against $59.22 in Q4 FY2025, and quarterly net income to common stockholders was $2,807 million.

Net income to common stockholders per $100 of net sales

$16.3$7.6

FY2023 to FY2025

  1. Occidental spends on new wells, mostly in the Permian Basin.
  2. The wells produce oil, gas liquids and gas.
  3. It sells them at prices tied to world and US markets.
  4. Field costs and wear on wells take most of the money.
  5. Cash pays interest, preferred and common dividends, and debt.
  6. Wells decline, so the drilling has to continue.

↺ Step 6 feeds back into step 1.

Sources (1)
Next: Business segments

05Business segments · FY2025

Which businesses make up Occidental?

  • Oil and gas

    94%

    Finds and produces oil, gas liquids and gas in the US, Oman, the UAE, Algeria and Qatar. Pre-tax segment earnings were $4,586 million in FY2025, 94.8% of the two segments' $4,838 million (Cityfort calculation from FY2025 10-K).

    Revenue $20.9B · Operating profit $4.6B

  • Midstream and marketing

    6%

    Moves, processes and sells oil and gas, and holds the carbon capture unit. Pre-tax segment earnings were $252 million in FY2025, or 5.2%, after $563 million in FY2024.

    Revenue $1.3B · Operating profit $252M

How the mix changed

  • Oil and gas
  • Midstream and marketing

Revenue by segment, FY2023 to FY2025.

US$

See the numbers
How the mix changed (US$)
YearOil and gasMidstream and marketing
FY2023$21.3B$2.4B
FY2024$21.7B$886M
FY2025$20.9B$1.3B
Sources (1)
Next: How has it done

06The numbers · Consolidated · US$

How has Occidental done?

Revenue

$21.6BFY2025

Net sales were $36.6 billion in FY2022 with OxyChem included and $21.6 billion in FY2025 without it; FY2023 to FY2025 and every quarter shown are restated without OxyChem.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2021$26.0B
FY2022$36.6B
FY2023$23.2B
FY2024$22.0B
FY2025$21.6B
Q1 FY2024$4.8B
Q2 FY2024$5.6B
Q3 FY2024$6.0B
Q4 FY2024$5.6B
Q1 FY2025$5.7B
Q2 FY2025$5.3B
Q3 FY2025$5.5B
Q4 FY2025$5.1B
Q1 FY2026$5.2B
Q2 FY2026$8.1B

Net profit

$1.6BFY2025

Net income to common stockholders fell from $12.5 billion in FY2022 to $1.6 billion in FY2025, then was $2.8 billion in Q2 FY2026 alone, when realized oil averaged $96.78 a barrel.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2021$1.5B$1.58
FY2022$12.5B$12.40
FY2023$3.8B$3.90
FY2024$2.4B$2.44
FY2025$1.6B$1.61
Q1 FY2024$718M$0.75
Q2 FY2024$992M$1.03
Q3 FY2024$964M$0.98
Q4 FY2024−$297M−$0.30
Q1 FY2025$766M$0.77
Q2 FY2025$288M$0.26
Q3 FY2025$661M$0.65
Q4 FY2025−$68M−$0.07
Q1 FY2026$3.2B$3.13
Q2 FY2026$2.8B$2.75

Profit kept per $100 of revenue

$7.6FY2025

Occidental kept $7.6 per $100 of net sales for common stockholders in FY2025, against $34.1 in FY2022; EBITDA is blank because its income statement has no operating income line.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY20215.9%–
FY202234.1%–
FY202316.3%–
FY202410.8%–
FY20257.6%–

Free cash flow

$3.2BFY2025

Free cash flow, cash from continuing operations minus capital spending, fell from $4.5 billion in FY2023 to $3.2 billion in FY2025 as capital spending rose from $5.7 billion to $6.4 billion.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2021$10.3B$2.9B$7.4B
FY2022$16.8B$4.5B$12.3B
FY2023$10.2B$5.7B$4.5B
FY2024$10.5B$6.3B$4.3B
FY2025$9.6B$6.4B$3.2B
See all yearly numbers
Occidental annual financials, FY2021–FY2025, US$
YearRevenueEBITDANet profitEPS ($)Net income, total (US$)Operating cashCapexFree cash
FY2021$26.0B–$1.5B$1.58$2.3B$10.3B$2.9B$7.4B
FY2022$36.6B–$12.5B$12.40$13.3B$16.8B$4.5B$12.3B
FY2023 (restated)$23.2B–$3.8B$3.90$4.7B$10.2B$5.7B$4.5B
FY2024 (restated)$22.0B–$2.4B$2.44$3.1B$10.5B$6.3B$4.3B
FY2025$21.6B–$1.6B$1.61$2.4B$9.6B$6.4B$3.2B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Fiscal year ends on December 31 (the calendar year)). Net profit is the share belonging to the company's owners. Total net income differs from net profit to the company's owners: Total net income before $679 million of preferred dividends to Berkshire Hathaway and $43 million for noncontrolling interests. OxyChem's $262 million result sits in discontinued operations.

Download Occidental's yearly and quarterly numbers (CSV, with source ids)

Sources (7)
Next: What they said, and what happened

07Who runs it

Who runs Occidental, and did they deliver?

  • Richard A. Jackson

    Chief Executive Officer · since 2026

    CEO since Jun 1, 2026; joined Occidental in 2003 and was Chief Operating Officer from October 2025. His base salary is $1.4 million, with a target bonus of 150% and a $6.0 million restricted stock unit grant on promotion.

  • Vicki Hollub

    Director; CEO until May 31, 2026

    Retired as CEO on Jun 1, 2026 and stays on the board; she was re-elected at the May 1, 2026 annual meeting with 98.53% of votes cast in favor.

What they said, and what happened

1 delivered · 4 too early to tell

  1. Said on Nov 11, 2025

    Occidental said on its Q3 FY2025 call that the OxyChem sale proceeds would let it "achieve our principal debt target of less than $15 billion".

    What happened

    Borrowings at face value were $11,818 million at Jun 30, 2026.

    Delivered

  2. Said on Feb 19, 2026

    The CFO said on the Q4 FY2025 call that 2026 capital spending would be between $5.5 billion and $5.9 billion, weighted to the first half.

    What happened

    Capital spending was $3,143 million in the first half of 2026.

    Too early to tell

  3. Said on Feb 19, 2026

    The CFO said on the Q4 FY2025 call that 2026 production would be approximately 1.45 million barrels of oil equivalent a day.

    What happened

    First-half 2026 production was 1,429 thousand barrels of oil equivalent a day. The company lowered its full-year midpoint to 1.44 million on the Q1 call and said it was raising guidance on the Q2 call.

    Too early to tell

  4. Said on Feb 19, 2026

    Management said on the Q4 FY2025 call that it would like to get principal debt to $10 billion, without setting a time frame.

    What happened

    Principal debt was $11.8 billion at Jun 30, 2026.

    Too early to tell

  5. Said on Aug 6, 2026

    The CEO said on the Q2 FY2026 call that Occidental has a pathway to add over $4 billion of annual sustainable cash flow by 2030, compared with 2025.

    What happened

    The target year is 2030.

    Too early to tell
Sources (8)
Next: What could go wrong

08What could go wrong

What could go wrong for Occidental?

  • Raw-material prices

    Oil prices drive results

    Crude oil was 77.5% of FY2025 sales before eliminations. Occidental's realized oil price was $59.22 in Q4 FY2025, when common stockholders had a $68 million loss, and $96.78 in Q2 FY2026, when they earned $2,807 million. Its Oct 13, 2026 8-K estimated $85.91 for Q3 FY2026.

    Watch The realized oil price and net income in each earnings release.

  • Legal

    Tronox tax case

    If the US Tax Court rules against Anadarko's 2016 refund, Occidental would repay about $2.4 billion of tax and interest, as of Jun 30, 2026. The amount is already recorded as a liability; the court's opinion could come at any time, the 10-Q says.

    Watch The Tax Court opinion and the liability in each 10-Q.

  • Debt

    Preferred stock ties up cash and limits payouts

    Berkshire Hathaway's preferred stock, about $8.5 billion at face value, earns an 8% dividend: $679 million in FY2025, against $1,647 million left for common stockholders. Until August 2029, common payouts above $4.00 a share over 12 months force redemptions at a 10% premium.

    Watch Preferred dividends and any redemption in each 10-Q.

  • Debt

    Debt and the S&P rating

    Occidental's FY2025 10-K lists reducing debt "to achieve metrics consistent with an investment grade credit rating" as a strategy item. At Jun 30, 2026 its ratings were Baa3 (Moody's), BBB (Fitch) and BB+ (S&P); book debt was $13,743 million.

    Watch Rating changes and principal debt against the $10 billion management aims for.

  • Concentration

    Middle East operations

    International production was 232 thousand barrels of oil equivalent a day in FY2025, mainly in the Middle East. On the Q1 FY2026 call Occidental said Middle East disruptions lowered international output and the Al Hosn plant was constrained from mid-March.

    Watch International production in each earnings release.

  • Execution

    Gulf of America curtailment

    Occidental's Oct 13, 2026 8-K estimated Gulf of America sales of 110 thousand barrels of oil equivalent a day in Q3 FY2026, after a September curtailment from a third-party gas pipeline constraint and maintenance. The region produced 132 thousand in FY2025.

    Watch Gulf of America production in the Q3 FY2026 results.

  • Legal

    OxyChem's legacy environmental costs

    Occidental kept OxyChem's legacy tort claims and environmental liabilities outside the sold sites. FY2024 discontinued operations included a $925 million pre-tax charge for a remediation reserve.

    Watch Remediation charges in discontinued operations.

  • Competition

    Reserves must be replaced

    Occidental's FY2025 10-K warns it may not be able to source production or replace reserves in highly competitive environments. Proved reserves were 4,612 million barrels of oil equivalent at the end of 2024 and 4,603 million at the end of 2025.

    Watch Proved reserves in the FY2026 10-K.

Sources (8)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Borrowings at face value fell from $20,427 million at Dec 31, 2025 to $11,818 million at Jun 30, 2026, after the OxyChem sale.
  • Production rose from 1,223 thousand barrels of oil equivalent a day in FY2023 to 1,434 thousand in FY2025.
  • Lease operating expense fell from $10.48 per barrel of oil equivalent in FY2023 to $8.94 in FY2025.
  • Fitch's rating went from BBB- to BBB in the first quarter of 2026, as Occidental's filings state.
  • The quarterly common dividend rose from $0.22 in FY2024 to $0.28, payable Oct 15, 2026.

What critics point to

  • Net income to common stockholders fell from $12,504 million in FY2022 to $1,647 million in FY2025.
  • Preferred dividends to Berkshire Hathaway were $679 million in FY2025, against $1,647 million left for common stockholders.
  • Free cash flow fell from $4,539 million in FY2023 to $3,179 million in FY2025 on the basis without OxyChem.
  • If the Tax Court rules against it in the Tronox case, Occidental would repay about $2.4 billion of tax and interest.
  • S&P rated Occidental BB+ at Jun 30, 2026, while the FY2025 10-K lists debt metrics consistent with an investment grade rating as a goal.
Next: What to watch next

10What to watch next

What should you watch next at Occidental?

Next event

Q3 FY2026 results

Nov 9, 2026

Date confirmed by the company

Add to calendarAnnouncementAll earnings dates

  • Q3 FY2026 results on Nov 9, 2026

    Occidental's Oct 13, 2026 8-K estimated a realized oil price of $85.91 for Q3 FY2026, against $96.78 in Q2 FY2026, and Gulf of America sales of 110 thousand barrels of oil equivalent a day.

  • The Tronox Tax Court opinion

    About $2.4 billion of tax and interest, already recorded as a liability at Jun 30, 2026, depends on it.

  • Principal debt against $10 billion

    Principal debt was $11.8 billion at Jun 30, 2026; management said in February 2026 it would like to reach $10 billion, without a time frame.

Next: Key dates

11Key dates

What are the key dates for Occidental?

Dates as stated in the filings. A date that no filing has given yet shows as not yet stated.
Key dates for Occidental
EventDateSource
Q3 FY2026 results releaseAfter market close; the earnings call is on Nov 10, 2026. The 10-Q was not on EDGAR when checked on Nov 6, 2026.Occidental to Announce Third Quarter Results Monday, November 9, 2026; Hold Conference Call Tuesday, November 10, 2026; EDGAR filing list for Occidental Petroleum (CIK 0000797468), checked Nov 6, 2026
Public warrants (OXY WS) expire17.9 million warrants were outstanding at Jun 30, 2026 (Q2 FY2026 10-Q), down from 30.4 million at Dec 31, 2025; exercise price $22.00.Form 10-K, fiscal year 2025 (ended Dec 31, 2025); Form 10-Q, Q2 fiscal 2026 (quarter ended Jun 30, 2026)
Preferred stock becomes redeemable at Occidental's choiceFrom August 2029, at a 5% premium; until then, common payouts above $4.00 a share over 12 months trigger redemptions.Not yet statedForm 10-K, fiscal year 2025 (ended Dec 31, 2025)

Learn: How to read a US earnings release: Nvidia's Q2 fiscal 2027

Sources (4)
Next: Key facts

12Key facts

Key facts about Occidental

What does Occidental Petroleum do?
Occidental Petroleum Corporation produces crude oil, natural gas liquids and natural gas, mainly in the Permian Basin, the DJ Basin and the Gulf of America, and in Oman, the UAE, Algeria and Qatar. In FY2025 Occidental had net sales of $21,593 million, production of 1,434 thousand barrels of oil equivalent a day and 10,412 employees.
How does Occidental make money, and what is its business model?
Occidental's business model is producing oil and gas and selling it at market prices. In FY2025 Occidental's oil and gas segment made $20,902 million of sales and $4,586 million of pre-tax segment earnings, 94.8% of its segment earnings (Cityfort calculation from FY2025 10-K); midstream and marketing made the rest.
Is Occidental profitable?
Occidental had net income for common stockholders in each year from FY2021 to FY2025. Net income attributable to common stockholders was $1,647 million in FY2025, down from $12,504 million in FY2022, and $2,807 million in Q2 FY2026 alone. Occidental had losses for common stockholders in Q4 FY2024 ($297 million) and Q4 FY2025 ($68 million).
What is Occidental's revenue by segment?
Occidental's FY2025 net sales of $21,593 million came from oil and gas sales of $20,902 million and midstream and marketing sales of $1,279 million, less $588 million of sales between the segments. Before that removal, oil and gas was 94.2% and midstream and marketing 5.8% (Cityfort calculation from FY2025 10-K).
Who are Occidental's customers?
Occidental's FY2025 10-K names no customers and discloses no customer concentration. By product, buyers of crude oil paid 77.5% of Occidental's FY2025 sales before internal eliminations, buyers of natural gas liquids 10.2%, buyers of natural gas and other products 6.7%, and midstream and marketing customers 5.7% (Cityfort calculation from FY2025 10-K).
Who owns Occidental?
Occidental has one class of common stock. Its 2026 proxy lists Berkshire Hathaway and Warren E. Buffett at 32.43%, counting 83.9 million shares Berkshire can buy through a warrant, from a filing with Jun 30, 2025 holdings. Dodge & Cox held 7.5% (13G/A filed May 14, 2026), Vanguard Capital Management 5.51% and BlackRock 5.2%. Directors and executive officers held under 1%.
How much oil and gas does Occidental produce?
Occidental produced 1,434 thousand barrels of oil equivalent a day in FY2025, up from 1,223 thousand in FY2023; 786 thousand came from the Permian Basin. Occidental's proved reserves were 4,603 million barrels of oil equivalent at the end of 2025, of which 47% was oil.
What does Occidental's midstream and marketing business do?
Occidental's midstream and marketing segment uses gathering, processing, pipeline and storage capacity to move and sell oil and gas for Occidental and others. It holds a 43.1% economic interest in Western Midstream and runs the carbon capture unit building STRATOS. In FY2025 it had sales of $1,279 million and pre-tax earnings of $252 million.
What happened to OxyChem, Occidental's chemical business?
Occidental sold OxyChem to Berkshire Hathaway; the sale closed on Jan 2, 2026 for $9.7 billion in cash before adjustments. The adjusted price was $9.5 billion, and Occidental recorded an after-tax gain of $3.1 billion in Q1 FY2026. Occidental's filings show OxyChem as discontinued operations.
How much does Occidental pay in dividends?
Occidental declared common dividends of $0.96 a share in FY2025 and raised its quarterly dividend to $0.28 a share, payable Oct 15, 2026. Occidental also pays an 8% dividend on preferred stock held by Berkshire Hathaway; preferred dividends were $679 million in FY2025.
Sources (11)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

13What it sells

13What it sells

What does Occidental sell?

Occidental drills wells and sells the crude oil, natural gas liquids and natural gas that come out of them. Most of its output is in Texas, New Mexico and Colorado, with more in the Middle East and North Africa.

  • Oil, gas liquids and natural gas (oil and gas segment)

    Production was 1,434 thousand barrels of oil equivalent a day in FY2025: Permian Basin 786, Rockies and other US 284, Gulf of America 132, international 232. Segment sales were $20,902 million.

  • Moving and selling oil and gas (midstream and marketing segment)

    Uses gathering, processing, pipeline and storage capacity to get oil and gas to buyers in the US and abroad, for Occidental and third parties. It includes the Al Hosn gas plant in the UAE. FY2025 sales were $1,279 million.

  • Carbon capture (inside midstream and marketing)

    Its low-carbon unit is building STRATOS, a direct air capture plant designed to capture up to 500,000 tons of carbon dioxide a year once complete. On the Q2 FY2026 call (Aug 6, 2026), CEO Richard Jackson said full plant commissioning was expected to begin around the end of 2026, "as we transition to operations in 2027."

Think of it like this

It works like a farm that sells its crop at the market price: it controls its costs, not the price.

What it does

  • Does: Holds a 43.1% economic interest in Western Midstream, which owns gathering systems, plants and pipelines.
  • Does: Is the largest independent oil producer in Oman, its FY2025 10-K says, with 72 thousand barrels of oil equivalent a day.
  • Does: Pays an 8% dividend on about $8.5 billion of preferred stock held by Berkshire Hathaway.

What it does not do

  • Does not: No longer owns OxyChem, its chemical business, which it sold to Berkshire Hathaway on Jan 2, 2026.
  • Does not: Does not report an operating income line on its income statement.
  • Does not: Does not name its customers or disclose customer concentration in its FY2025 10-K.
Sources (2)
14How the money flows

14How the money flows · FY2025

How does money flow through Occidental?

Money in

  • Net sales$21.6B
  • Other income, asset-sale gains, equity investments and OxyChem's result$820M

The company

Occidental

$22.4B came in

Money out

  • Running the oil and gas fields (lease operating expense)$4.7B
  • Depreciation, depletion and amortization$7.5B
  • Transportation, gathering and purchased commodities$1.8B
  • Overheads, exploration, impairments and other costs$2.9B
  • Interest$1.1B
  • Income tax and other taxes$2.1B
  • Preferred dividends to Berkshire Hathaway$679M
  • Noncontrolling interests (outside owners of subsidiaries)$43M
  • Net income attributable to common stockholders$1.6B
  1. Buyers paid Occidental $21.6 billion in FY2025; other income, asset-sale gains, equity investments and OxyChem's result added $820 million.
  2. Wear on wells and the oil and gas used up took $7.5 billion, the largest cost.
  3. Running the fields took $4.7 billion, and moving oil and gas took $1.8 billion.
  4. Overheads, exploration and other costs took $2.9 billion; taxes took $2.1 billion and interest $1.1 billion.
  5. After $679 million of preferred dividends and $43 million for outside owners, $1.6 billion was left for common stockholders.
Sources (1)
15What it needs to run

15What it needs to run

What does Occidental need to run?

  • Oil and gas reserves

    Proved reserves were 4,603 million barrels of oil equivalent at the end of 2025: 47% oil, 25% gas liquids, 28% gas, and 72% already developed. Production uses them up, so they must be replaced.

  • Capital spending

    Occidental spent $6,427 million on capital projects in FY2025, up from $5,696 million in FY2023, on the basis without OxyChem.

  • Permian Basin acreage

    Occidental produces about 10% of the Permian Basin's oil, its FY2025 10-K says; Permian development capital was about $3.4 billion in FY2025.

  • Agreements abroad

    Property, plant and equipment of $3,375 million in the UAE, $2,238 million in Oman, $626 million in Algeria and $326 million in Qatar at the end of 2025.

  • People

    10,412 employees at Dec 31, 2025: 6,793 in North America and 3,441 in the Middle East.

Sources (1)
16Where it sells

16Where it sells · FY2025

Where does Occidental sell?

  • United States81%
  • Outside the United States19%
Sources (1)
17Competitors and what protects it

17Competitors and what protects it

Who does Occidental compete with?

Occidental's 2026 proxy names BP, Chevron, ConocoPhillips, EOG Resources, ExxonMobil and Shell in both of the peer groups it uses to compare pay and shareholder returns. Its FY2025 10-K says it operates in highly competitive environments and may not be able to source production or replace reserves.

  • Chevron

    NYSE: CVX

    Named in both of Occidental's 2025 peer groups for pay and shareholder returns, in its 2026 proxy.

  • ExxonMobil

    NYSE: XOM

    Named in both of Occidental's 2025 peer groups for pay and shareholder returns, in its 2026 proxy.

  • ConocoPhillips

    NYSE: COP

    Named in both of Occidental's 2025 peer groups for pay and shareholder returns, in its 2026 proxy.

  • EOG Resources

    Named in both of Occidental's 2025 peer groups for pay and shareholder returns, in its 2026 proxy.

  • Shell

    Named in both of Occidental's 2025 peer groups for pay and shareholder returns, in its 2026 proxy; BP is named as well.

What protects the business

Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.

  • Permian Basin position4 of 5

    Permian production was 786 thousand barrels of oil equivalent a day in FY2025, up from 584 thousand in FY2023, and Occidental says it produces about 10% of the basin's oil.

  • Field operating costs3 of 5

    Lease operating expense fell from $10.48 per barrel of oil equivalent in FY2023 to $8.94 in FY2025.

  • Long-term positions in the Middle East3 of 5

    Occidental is the largest independent oil producer in Oman, its 10-K says, and holds 40% of the Al Hosn gas field in the UAE under an agreement that runs to 2041.

  • Size of reserves3 of 5

    Proved reserves were 4,603 million barrels of oil equivalent at the end of 2025, against 3,817 million at the end of 2022, with the CrownRock purchase in 2024 in between.

Weak spot

No control over oil prices

Crude oil was 77.5% of FY2025 sales before eliminations (Cityfort calculation from FY2025 10-K). Net income to common stockholders went from $12,504 million in FY2022 to $1,647 million in FY2025.

Sources (4)
18Where growth could come from

18Where growth could come from

Where could Occidental's growth come from?

Occidental's chief financial officer said on the Q4 FY2025 call (Feb 19, 2026) that 2026 capital spending would be between $5.5 billion and $5.9 billion, weighted to the first half, with production of approximately 1.45 million barrels of oil equivalent a day. On the Q2 FY2026 call (Aug 6, 2026) the company said it was raising full-year production guidance.
Management statement, Feb 19, 2026. Reported as a statement, not our forecast.

  • Paying down debt with the OxyChem money

    Working

    $11.8B principal debt, Jun 30, 2026

    Borrowings at face value fell from $20,427 million at Dec 31, 2025 to $11,818 million at Jun 30, 2026, after the OxyChem sale. Management said in February 2026 it would like to reach $10 billion, without a time frame.

    Status: Working, on track against what the company said.

  • Permian Basin production

    Working

    786 thousand boe a day, FY2025

    Permian output rose from 584 thousand barrels of oil equivalent a day in FY2023, helped by the CrownRock purchase in August 2024.

    Status: Working, on track against what the company said.

  • Lower field costs

    Working

    $8.94 per boe, FY2025

    Lease operating expense per barrel of oil equivalent fell from $10.48 in FY2023. Richard Jackson, then chief operating officer, said on the Q4 FY2025 call (Feb 19, 2026) that the company had made "approximately $2 billion in annual oil and gas cost savings" since 2023.

    Status: Working, on track against what the company said.

  • STRATOS direct air capture

    Early

    Up to 500,000 tons of CO2 a year once complete

    Occidental's FY2025 10-K said operations were expected to begin in 2026, starting with up to 250,000 tons a year from the first two trains. On the Q2 FY2026 call (Aug 6, 2026), CEO Richard Jackson said full plant commissioning should begin around the end of 2026, with operations in 2027.

    Status: Early, too early to judge.

  • More cash flow by 2030

    New

    Over $4B a year more by 2030, as the CEO said

    The CEO said on Aug 6, 2026 that Occidental has a "clear pathway to add over $4 billion of annual sustainable cash flow by 2030" compared with 2025.

    Status: New, recently announced.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (5)
19The company's own measures (non-GAAP)

19The company's own measures · FY2025 to Q2 FY2026

What do Occidental's own measures show?

Adjusted (non-GAAP) figures are Occidental's own measures, shown next to the official (GAAP) number. They are never added together.

  • Official (GAAP): Diluted earnings per share from continuing operations, FY2025

    $1.35

    Company's own measure: Adjusted income per diluted share, continuing operations, FY2025

    $1.67

    Occidental leaves out items it says vary widely in nature, timing and amount, such as derivative gains and losses and asset-sale gains. Its Feb 2026 release gave $2.21 on the older basis that included OxyChem.

  • Official (GAAP): Diluted earnings per share, Q1 FY2026 (including the OxyChem sale gain)

    $3.13

    Company's own measure: Adjusted income per diluted share, continuing operations, Q1 FY2026

    $1.06

    Leaves out the $3.1 billion after-tax OxyChem gain, a $339 million crude collar loss and $237 million of early debt repayment costs, among other items.

  • Official (GAAP): Diluted earnings per share from continuing operations, Q2 FY2026

    $2.76

    Company's own measure: Adjusted income per diluted share, continuing operations, Q2 FY2026

    $2.40

    Leaves out pre-tax gains of $90 million in oil and gas (mainly a $105 million crude collar gain) and $377 million in midstream (derivative gains of $178 million and asset-sale gains of $199 million).

  • Official (GAAP): Operating cash flow from continuing operations, FY2025

    $9.6B

    Company's own measure: Free cash flow before working capital, continuing operations, FY2025

    $4.4B

    Operating cash flow without working-capital changes, minus capital spending net of contributions from noncontrolling interests. The definition moved to continuing operations in 2026.

  • Official (GAAP): Operating cash flow from continuing operations, Q2 FY2026

    $5.1B

    Company's own measure: Free cash flow before working capital, continuing operations, Q2 FY2026

    $3.0B

    Same definition. Occidental called it the highest level since Q3 2022.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out

Sources (6)
20Financial strength and debt

20Financial strength · Jun 30, 2026

How much debt does Occidental have?

On Jun 30, 2026, Occidental's debt of $13.7 billion exceeded its cash by $9.6 billion, down from $20.4 billion on Dec 31, 2025, after the OxyChem sale.
  • Total debt$13.7B
  • Cash and investments$4.2B
  • Net debt (debt minus cash)$9.6B
  • Net worth (shareholders' money)$41.7B
Debt to equity
0.33×
$ of debt for every $1 of shareholders' money
  • Debt is book value including finance leases. Net debt and debt to equity are Cityfort calculations from the Q2 FY2026 10-Q and FY2025 10-K. Equity is total stockholders' equity, which includes $8,287 million of preferred stock.
  • Occidental states principal debt, borrowings at face value, of $11,818 million at Jun 30, 2026, against $20,427 million at Dec 31, 2025. Its CFO gave net principal debt of $7.6 billion on the Q2 FY2026 call, counting $4.2 billion of cash.
  • The preferred stock held by Berkshire Hathaway has a face value of about $8.5 billion and an 8% dividend. It cannot be redeemed voluntarily before August 2029, and then at a 5% premium.
  • Occidental's Q2 FY2026 10-Q gives its ratings at Jun 30, 2026 as Baa3 (Moody's), BBB (Fitch) and BB+ (S&P), with no outlook stated.
  • Asset retirement obligations, the cost of closing wells and sites in future, were $4,172 million at Dec 31, 2025.
  • Interest coverage is left blank because Occidental has no operating income line.
Sources (4)
21Who owns it

21Who owns it · ownership as of Mar 10, 2026

Who owns Occidental?

Occidental has one class of common stock, with one vote per share. The proxy's table is as of Mar 10, 2026, on 991,695,181 shares. Its 17 directors and executive officers held 4.93 million shares including options and warrants: under 1% in the proxy, and 0.50% as a Cityfort calculation from 2026 proxy statement.
Officers and directors (as a group), shares
0.5%
Share classes
Occidental share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (999,637,371 shares on Jul 31, 2026 (Q2 FY2026 10-Q cover). At Jun 30, 2026 (same 10-Q), Berkshire Hathaway's warrants covered 83.9 million more shares at $59.59, and 17.9 million public warrants were outstanding at $22.00, expiring Aug 3, 2027.)999.61Public and institutions––Yes
Holders of 5% or more
Occidental holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
Berkshire Hathaway and Warren E. Buffett32.4%–Aug 14, 2025S10348.85 million shares in the 2026 proxy, from a 13G/A with Jun 30, 2025 holdings; this counts 83.91 million shares Berkshire can buy through its warrant. Common shares alone were 264.94 million, or 26.7% of the record-date count (Cityfort calculation from 2026 proxy statement).
Dodge & Cox7.5%–May 14, 2026S19, S1074.09 million shares at Mar 31, 2026, from its Schedule 13G/A. The proxy still lists an older 8.38%.
Vanguard Capital Management5.5%–Apr 30, 2026S20, S22, S1054.67 million shares at Mar 31, 2026, from its Schedule 13G. The Vanguard Group's 13G/A filed Mar 27, 2026 reports 0 shares; the proxy lists The Vanguard Group at 8.09% from an April 2025 filing.
BlackRock, Inc.5.2%–Jul 29, 2026S2152.14 million shares at Jun 30, 2026, from its Schedule 13G.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did Occidental's insiders report trading?

Occidental's insiders made 31 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.

They reported 2 purchases (9,770 shares) and no sales in the open market or privately (codes P and S).

The same filings report 54 other share transactions (A: 25, F: 21, G: 8).

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
G
a bona fide gift

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 56 transactions
Occidental's insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
Jackson Richard A.Director, President and CEOSep 30, 2026F4,124 D$55.32439,974Not checkedForm 4, filed Oct 2, 2026
Hollub Vicki A.DirectorSep 25, 2026G90,000 D$0.00974,835Not checkedForm 4, filed Sep 29, 2026
POLLACK BRADSVP & General CounselAug 1, 2026A26,284 A$0.0042,660Not checkedForm 4, filed Aug 4, 2026
Jackson Richard A.Director, President and CEOJun 23, 2026P4,770 A$52.38444,098Not checkedForm 4, filed Jun 24, 2026
Hollub Vicki A.DirectorJun 1, 2026A3,183 A$0.001,112,004Not checkedForm 4, filed Jun 3, 2026
Hollub Vicki A.DirectorJun 1, 2026F701 D$58.921,111,303Not checkedForm 4, filed Jun 3, 2026
Hollub Vicki A.DirectorJun 1, 2026F73,477 D$58.921,037,826Not checkedForm 4, filed Jun 3, 2026
Jackson Richard A.Director, President and CEOJun 1, 2026A101,833 A$0.00439,328Not checkedForm 4, filed Jun 3, 2026
ONeill ClaireDirectorMay 4, 2026A3,734 A$0.0016,265Not checkedForm 4, filed May 6, 2026
Shearer BobDirectorMay 4, 2026A3,734 A$0.0066,463Not checkedForm 4, filed May 6, 2026
POLADIAN AVEDICK BARUYRDirectorMay 4, 2026A4,149 A$0.0079,575Not checkedForm 4, filed May 6, 2026
KLESSE WILLIAM RDirectorMay 4, 2026A4,149 A$0.00223,062Not checkedForm 4, filed May 6, 2026
KLESSE WILLIAM RDirectorMay 4, 2026F913 D$60.27222,149Not checkedForm 4, filed May 6, 2026
GUTIERREZ CARLOS MDirectorMay 4, 2026A3,734 A$0.0082,651Not checkedForm 4, filed May 6, 2026
GOULD ANDREWDirectorMay 4, 2026A4,978 A$0.0047,828Not checkedForm 4, filed May 6, 2026
GOULD ANDREWDirectorMay 4, 2026F1,494 D$60.2746,334Not checkedForm 4, filed May 6, 2026
Robinson Kenneth B.DirectorMay 4, 2026A4,149 A$0.0016,272Not checkedForm 4, filed May 6, 2026
Robinson Kenneth B.DirectorMay 4, 2026F913 D$60.2715,359Not checkedForm 4, filed May 6, 2026
BAILEY VICKY ADirectorMay 4, 2026A3,734 A$0.0016,713Not checkedForm 4, filed May 6, 2026
BAILEY VICKY ADirectorMay 4, 2026F1,223 D$60.2715,490Not checkedForm 4, filed May 6, 2026
MOORE JACK BDirectorMay 4, 2026A6,720 A$0.0077,910Not checkedForm 4, filed May 6, 2026
MOORE JACK BDirectorMay 4, 2026F1,479 D$60.2776,431Not checkedForm 4, filed May 6, 2026
POLADIAN AVEDICK BARUYRDirectorApr 14, 2026G5,000 D$0.0085,426Not checkedForm 4, filed Apr 16, 2026
POLADIAN AVEDICK BARUYRDirectorApr 14, 2026G5,000 A$0.005,000 (indirect: By Trust 1)Not checkedForm 4, filed Apr 16, 2026
POLADIAN AVEDICK BARUYRDirectorApr 14, 2026G5,000 D$0.0080,426Not checkedForm 4, filed Apr 16, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Occidental's Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (7)
22What it does with profit

22What it does with profit

What does Occidental do with its profit?

There were no treasury stock purchases in FY2025. Common and preferred dividends paid were $1,594 million in FY2025, against free cash flow of $3,179 million. Before August 2029, common payouts above $4.00 a share over 12 months force preferred redemptions at a 10% premium; in FY2023 Occidental redeemed $1.5 billion of face value, paying a $151 million premium. The CFO said in August 2026 that a continuous buyback program is "a lower priority until the redemption of the preferred".

Dividend per share

$0.96FY2025

Dividend paid for each share, by financial year.

$ per share

See the numbers
Dividend per share ($ per share)
YearDividend per shareShare of profit paid out
FY2021$0.04–
FY2022$0.52–
FY2023$0.72–
FY2024$0.88–
FY2025$0.96–

  • Buyback · Dec 31, 2022

    Purchases of treasury stock in FY2022

    $3.1B

  • Buyback · Dec 31, 2023

    Purchases of treasury stock in FY2023

    $1.8B

  • Buyback · Dec 31, 2024

    Purchases of treasury stock in FY2024

    $27M

  • Buyback · Jun 30, 2026

    Purchases of treasury stock in the first half of FY2026

    $117M

Sources (3)
23Governance signals

23Governance signals

What do Occidental's governance filings show?

Auditor
KPMG LLP, since 2002
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
Berkshire Hathaway, Occidental's largest stockholder, bought OxyChem for about $9.7 billion in a deal that closed on Jan 2, 2026. It also holds Occidental's preferred stock and a warrant. The 2026 proxy also reports that the son-in-law of senior vice president Jeff Simmons is employed by Occidental, with 2025 pay under $375,000.
Credit rating
Moody's, Fitch and S&P (as stated in Occidental's Q2 FY2026 10-Q) Baa3 (Moody's) / BBB (Fitch) / BB+ (S&P) (outlook not stated in the filing), Jun 30, 2026

A credit rating describes the company's ability to repay debt. It is not a rating of the share.

Flags to know about

  • other

    Tronox tax case

    The US Tax Court is considering Anadarko's $881 million 2016 tax refund on a $5.2 billion settlement deduction. Occidental says that if it loses, it would repay about $1.4 billion of tax plus $1.0 billion of interest at Jun 30, 2026. That amount is already recorded as a liability.

  • other

    IRS review of a 2022 tax benefit

    FY2022 net income includes a $2.7 billion tax benefit from a legal-entity reorganization, which the IRS is reviewing, according to the Q2 FY2026 10-Q.

  • other

    OxyChem's legacy environmental liabilities kept

    A subsidiary, Environmental Resource Holdings, kept OxyChem's legacy tort claims and environmental liabilities outside the sold sites. Occidental said it expects to spend on remediation "over many years".

  • disclosure

    Two accounting bases in five years

    FY2023 to FY2025 and every quarter shown are restated without OxyChem; FY2021 and FY2022 are as reported, with it. Occidental reports no operating income line, and its segment earnings are before tax.

  • disclosure

    Adjusted measures redefined in 2026

    From 2026, adjusted income and free cash flowCash from operations minus spending on buildings and equipment. Learn more before working capital cover continuing operations only. Adjusted FY2025 earnings per share were $2.21 on the old basis and $1.67 on the new one.

Sources (7)
24What the market paid

24What the market paid · price as of Nov 5, 2026

What did the market pay for Occidental on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Closing price of $56.36 on Nov 5, 2026, from Nasdaq's historical price table for OXY; Occidental's shares trade on the NYSE. Market value of about $56.3 billion (Cityfort calculation from the Nov 5, 2026 closing price and the Q2 FY2026 10-Q) = $56.36 × 999.64 million shares on Jul 31, 2026, leaving out warrants and preferred stock. P/E is price ÷ earnings per share: 8.7 on $6.46, the sum of diluted EPS for the four quarters to Jun 30, 2026, which includes the $3.13 of Q1 FY2026 that contains the OxyChem gain (Cityfort calculation from the Q4 FY2025, Q1 FY2026 and Q2 FY2026 earnings releases and the FY2025 10-K), and 35.0 on FY2025's $1.61. P/B = market value ÷ total stockholders' equity of $41,746 million on Jun 30, 2026, which includes preferred stock. Dividend yield = $1.12 (4 × the $0.28 quarterly dividend) ÷ $56.36 = 1.99%. EV/EBITDA is blank because this page leaves EBITDA blank.

Share price
$56.36
Market value (market cap)
$56.3B
P/E
8.7×
P/B
1.4×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 999.64 million ($56.36 × 999.64 million shares ≈ $56.3B). Source: Form 10-Q, Q2 fiscal 2026 (quarter ended Jun 30, 2026); Form 10-K, fiscal year 2025 (ended Dec 31, 2025)

Source: OXY historical closing prices, Oct 20 to Nov 5, 2026; Form 10-Q, Q2 fiscal 2026 (quarter ended Jun 30, 2026); Form 10-K, fiscal year 2025 (ended Dec 31, 2025) and 3 more

Sources (7)
25How it got here

25How it got here

How did Occidental get here?

  1. 2019

    Business-model change

    Berkshire Hathaway preferred stock

    Occidental issued 100,000 preferred shares to Berkshire Hathaway at a face value of $100,000 each, with an 8% dividend, plus a warrant.

  2. 2022

    Milestone

    Highest profit in the five years shown

    Net income to common stockholders reached $12,504 million on net sales of $36,634 million in FY2022, with OxyChem included.

  3. 2023

    Milestone

    First preferred redemptions

    Occidental redeemed $1.5 billion of face value of the preferred stock in FY2023, paying a $151 million premium.

  4. 2024

    Business-model change

    CrownRock bought

    Occidental bought CrownRock in August 2024 for $12.4 billion: $9.4 billion in cash, 29.6 million shares and $1.2 billion of assumed debt. Permian output rose from 664 thousand barrels of oil equivalent a day in FY2024 to 786 thousand in FY2025.

  5. 2026

    Business-model change

    OxyChem sold to Berkshire Hathaway

    The sale closed on Jan 2, 2026 for $9.7 billion in cash before adjustments. Borrowings at face value fell from $20,427 million at Dec 31, 2025 to $11,818 million at Jun 30, 2026.

  6. 2026

    Milestone

    Fitch rating raised

    Fitch's rating was BBB- at Dec 31, 2025 and BBB at Mar 31, 2026, as Occidental's filings state.

  7. 2026

    Milestone

    New CEO

    Richard A. Jackson succeeded Vicki Hollub as CEO on Jun 1, 2026.

  8. 2026

    Milestone

    Oil price jump

    Occidental's realized oil price went from $59.22 in Q4 FY2025 to $96.78 in Q2 FY2026, when WTI averaged $92.79. Net sales in Q2 FY2026 were $8,065 million, up 53.4% on a year earlier (Cityfort calculation from Q2 FY2026 earnings release).

Sources (9)

26Sources and changes

Where every number on this page comes from

Sources (25 documents)
  1. S1Form 10-K, fiscal year 2025 (ended Dec 31, 2025) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
  2. S2Form 10-K, fiscal year 2024 (ended Dec 31, 2024) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2025
  3. S3Form 10-K, fiscal year 2023 (ended Dec 31, 2023) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 14, 2024
  4. S4Form 10-K, fiscal year 2022 (ended Dec 31, 2022) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 27, 2023
  5. S5Form 10-Q, Q2 fiscal 2026 (quarter ended Jun 30, 2026) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 5, 2026
  6. S6Form 10-Q, Q1 fiscal 2026 (quarter ended Mar 31, 2026) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · May 5, 2026
  7. S7Q2 2026 earnings release and schedules (8-K Exhibit 99.1) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Aug 5, 2026
  8. S8Q1 2026 earnings release and schedules (8-K Exhibit 99.1) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · May 5, 2026
  9. S9Q4 and full-year 2025 earnings release and schedules (8-K Exhibit 99.1) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
  10. S102026 proxy statement (DEF 14A) · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Mar 19, 2026
  11. S11Q2 2026 earnings call transcript (Aug 6, 2026) · Occidental Petroleum Corporation (LSEG StreetEvents transcript on oxy.com) · Tier 1: company or exchange filing · Aug 6, 2026
  12. S12Q1 2026 earnings call transcript (May 6, 2026) · Occidental Petroleum Corporation (LSEG StreetEvents transcript on oxy.com) · Tier 1: company or exchange filing · May 6, 2026
  13. S13Q4 2025 earnings call transcript (Feb 19, 2026) · Occidental Petroleum Corporation (LSEG StreetEvents transcript on oxy.com) · Tier 1: company or exchange filing · Feb 19, 2026
  14. S14Q3 2025 earnings call transcript (Nov 11, 2025) · Occidental Petroleum Corporation (LSEG StreetEvents transcript on oxy.com) · Tier 1: company or exchange filing · Nov 11, 2025
  15. S158-K: Third Quarter 2026 Earnings Considerations (Item 2.02, Exhibit 99.1), filed Oct 13, 2026 · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 13, 2026
  16. S168-K: CEO succession and 2026 annual meeting results (Items 5.02, 5.07), filed May 4, 2026 · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · May 4, 2026
  17. S178-K: Richard A. Jackson named Chief Operating Officer (Item 5.02), filed Oct 3, 2025 · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Oct 3, 2025
  18. S188-K: completion of the OxyChem sale to Berkshire Hathaway (Item 2.01, Exhibit 99.1), filed Jan 2, 2026 · Occidental Petroleum Corporation (SEC EDGAR) · Tier 1: company or exchange filing · Jan 2, 2026
  19. S19Schedule 13G/A by Dodge & Cox (event date Mar 31, 2026) · Dodge & Cox (SEC EDGAR) · Tier 1: company or exchange filing · May 14, 2026
  20. S20Schedule 13G by Vanguard Capital Management (event date Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
  21. S21Schedule 13G by BlackRock, Inc. (event date Jun 30, 2026) · BlackRock, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 29, 2026
  22. S22Schedule 13G/A by The Vanguard Group (event date Mar 13, 2026) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 27, 2026
  23. S23OXY historical closing prices, Oct 20 to Nov 5, 2026 · Nasdaq · Tier 1: company or exchange filing · Nov 5, 2026
  24. S24Occidental to Announce Third Quarter Results Monday, November 9, 2026; Hold Conference Call Tuesday, November 10, 2026 · Occidental Petroleum Corporation (oxy.com) · Tier 3: context only · Oct 1, 2026
  25. S25EDGAR filing list for Occidental Petroleum (CIK 0000797468), checked Nov 6, 2026 · SEC EDGAR · Tier 1: company or exchange filing · Nov 6, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version, through Q2 FY2026 (quarter ended Jun 30, 2026); Q3 FY2026 results are due on Nov 9, 2026. (first version)

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