Occidental Petroleum Corporation (OXY) Financial Statements

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Occidental Petroleum financial statements at a glance

Occidental Petroleum reported revenue of $21.59 billion for fiscal year 2025 (ended December 31, 2025), down 19.2% from fiscal year 2024. Net income was $2.33 billion, a net margin of 10.8%.

At the end of fiscal year 2025 it had total assets of $84.19 billion, total liabilities of $48.15 billion and shareholders' equity of $36.03 billion, with total debt of $22.40 billion.

Its operations brought in $10.53 billion of cash.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

OXY logo

Occidental Petroleum Corporation

OXYUnited States
Energy
USD (Local)

Income Statement

Annual • USD

Revenue
21.59B
Prev Year: 26.73B
YoY: -19.2%
Total Revenue
-
Cost of Revenue
6.52B
Prev Year: 9.80B
YoY: -33.5%
Gross Profit
15.08B
Prev Year: 16.92B
YoY: -10.9%
SG&A Expenses
2.02B
Prev Year: 2.10B
YoY: -4.0%
Operating Expense
-
R&D Expense
249.00M
Prev Year: 275.00M
YoY: -9.5%
Depreciation/Amortization
7.53B
Prev Year: 7.37B
YoY: +2.2%
Net Non Operating Interest Income Expense
-
Other Operating Expenses, Total
1.56B
Prev Year: 1.58B
YoY: -1.6%
Pre-tax Income
-
Operating Expenses
17.94B
Prev Year: 22.50B
YoY: -20.2%
Operating Income
3.65B
Prev Year: 4.23B
YoY: -13.7%
Net Income Common Stockholders
-
Interest Inc.(Exp.),Net-Non-Op., Total
-521.00M
Prev Year: -158.00M
YoY: -229.7%
Diluted NI Available to Com Stockholders
-
Net Income Before Taxes
3.13B
Prev Year: 4.07B
YoY: -23.1%
Total Expenses
-
Provision for Income Taxes
1.02B
Prev Year: 1.17B
YoY: -13.0%
Net Income from Continuing and Discontinued Operation
-
Net Income After Taxes
2.11B
Prev Year: 2.90B
YoY: -27.2%
Normalized Income
-
Net Income Before Extra. Items
2.06B
Prev Year: 2.87B
YoY: -28.2%
Interest Income
-
Total Extraordinary Items
262.00M
Prev Year: 182.00M
YoY: +44.0%
Interest Expense
-
Net Income
2.33B
Prev Year: 3.06B
YoY: -23.9%
Net Interest Income
-
Total Adjustments to Net Income
-714.00M
Prev Year: -692.00M
YoY: -3.2%
EBIT
-
Income Available to Com Excl ExtraOrd
1.35B
Prev Year: 2.18B
YoY: -38.1%
EBITDA
-
Income Available to Com Incl ExtraOrd
1.61B
Prev Year: 2.36B
YoY: -31.8%
Reconciled Cost of Revenue
-
Diluted Net Income
1.61B
Prev Year: 2.36B
YoY: -31.8%
Reconciled Depreciation
-
Diluted Weighted Average Shares
1.00B
Prev Year: 967.10M
YoY: +3.4%
Net Income from Continuing Operation Net Minority Interest
-
Diluted EPS Excluding ExtraOrd Items
1.35
Prev Year: 2.256
YoY: -40.2%
Total Unusual Items Excluding Goodwill
-
DPS - Common Stock Primary Issue
0.96
Prev Year: 0.88
YoY: +9.1%
Total Unusual Items
-
Diluted Normalized EPS
1.399
Prev Year: 3.261
YoY: -57.1%
Normalized EBITDA
-
Unusual Expense (Income)
73.00M
Prev Year: 1.36B
YoY: -94.7%
Tax Rate for Calcs
-
Minority Interest
-43.00M
Prev Year: -22.00M
YoY: -95.5%
Tax Effect of Unusual Items
-
Values in USD

Occidental Petroleum key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$21.6B$26.7B$28.3B$36.6B$26.0B
Gross profit$15.1B$16.9B$17.0B$24.8B$7.9B
Operating income$3.6B$4.2B$6.2B$13.6B$4.7B
Net income$2.3B$3.1B$4.7B$13.3B$1.5B
Diluted EPS––––$1.58
Total assets$84.2B$85.4B$74.0B$72.6B$75.0B
Total liabilities$48.2B$51.3B$43.8B$42.5B$54.7B
Shareholders' equity$36.0B$34.2B$30.3B$30.1B$20.3B
Cash––––$2.8B
Total debt$22.4B$26.1B$19.7B$19.8B$30.4B
Operating cash flow$10.5B$11.4B$12.3B$16.8B$10.4B
Capital spending––––$2.9B
Free cash flow––––$7.6B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was Occidental Petroleum's revenue in fiscal year 2025?

$21.59 billion, down 19.2% from $26.73 billion in fiscal year 2024.

How much profit does Occidental Petroleum make?

Occidental Petroleum reported net income of $2.33 billion for fiscal year 2025 (10.8% of revenue); operating income was $3.65 billion.

How much cash and debt does Occidental Petroleum have?

At the end of fiscal year 2025: total debt of $22.40 billion.

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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