Occidental Petroleum Corporation (OXY) Revenue by Segment

Occidental Petroleum revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Occidental Petroleum's largest business segment was Oil and Gas, with $6.78 billion or 94% of revenue, up 35.3% from a year earlier. Next: Midstream and Marketing (6%).

By product or service, Crude Oil, Condensate, and Natural Gas Liquids (NGL) brought in 85%, Natural Gas Liquids (NGL) brought in 9% and Non-US brought in 4% of revenue in Q2 fiscal 2026.

By region, United States brought in 82% and Non-US brought in 18% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Midstream and Marketing (+42.0%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Occidental Petroleum Corporation

OXYEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Oil and GasChemicalMidstream and MarketingMidstreamWestern Midstream Partners LP

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Oil and Gas	USD 6.78B	94.2%	+35.3%
Midstream and Marketing	USD 419.00M	5.8%	+42.0%
Intersegment eliminationsi	-USD 143.00M		–

Sum of items USD 7.20B; corporate items and eliminations -USD 143.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Oil and Gas	6.8B	5.3B	–	5.4B	5.0B	5.7B	–	5.7B	5.5B	4.9B	–	5.6B	4.9B	5.3B	6.3B	7.1B	7.7B	6.1B	5.8B	5.1B	4.7B	3.7B	3.0B	3.0B	2.0B	5.1B	4.4B	4.0B	2.7B	2.4B	–	2.9B	2.5B	2.5B	–	1.9B
Chemical	–	–	–	1.2B	–	–	–	1.2B	1.3B	1.2B	–	1.3B	1.4B	1.4B	1.5B	1.7B	1.9B	1.7B	1.6B	1.4B	1.2B	1.1B	988.0M	937.0M	839.0M	962.0M	974.0M	1.1B	998.0M	1.1B	–	1.2B	1.2B	1.2B	–	1.1B
Midstream and Marketing	419.0M	397.0M	–	365.0M	295.0M	282.0M	–	287.0M	268.0M	856.0M	–	666.0M	616.0M	751.0M	867.0M	1.0B	1.5B	882.0M	857.0M	690.0M	474.0M	807.0M	–	364.0M	598.0M	790.0M	1.2B	–	909.0M	816.0M	–	–	–	389.0M	–	266.0M
Midstream	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	409.0M	–	–	–	409.0M	357.0M	–	–	–
Western Midstream Partners LP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	383.0M	–	–	–	–	–	–	–	–

Occidental Petroleum revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Oil and Gas	$6.8B	$5.3B	$5.4B	$5.0B	94%
Midstream and Marketing	$419.0M	$397.0M	$365.0M	$295.0M	6%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Occidental Petroleum revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Crude Oil, Condensate, and Natural Gas Liquids (NGL)	$6.3B	$4.5B	$4.5B	$4.1B	85%
Natural Gas Liquids (NGL)	$681.0M	$518.0M	$557.0M	$543.0M	9%
Non-US	$265.0M	$276.0M	$261.0M	$161.0M	4%
United States	$154.0M	$121.0M	$1.3B	$134.0M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Occidental Petroleum revenue by region, last 4 quarters

Region	Q2 FY26	Q1 FY26	Q2 FY25	Q1 FY25	Share
United States	$5.9B	$4.6B	$4.3B	$5.0B	82%
Non-US	$1.3B	$1.1B	$1.0B	$994.0M	18%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Occidental Petroleum's business segments?

Oil and Gas and Midstream and Marketing (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Occidental Petroleum?

Oil and Gas: $6.78 billion, or 94% of revenue, in Q2 fiscal 2026.

What are Occidental Petroleum's main products and services?

By revenue in Q2 fiscal 2026: Crude Oil, Condensate, and Natural Gas Liquids (NGL) (85%), Natural Gas Liquids (NGL) (9%), Non-US (4%) and United States (2%).

Where does Occidental Petroleum make its money?

By region in Q2 fiscal 2026: United States (82%) and Non-US (18%).

MoreOccidental Petroleum stock overview Occidental Petroleum financials Occidental Petroleum executive team Occidental Petroleum shareholders

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.

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Oil and GasChemicalMidstream and MarketingMidstreamWestern Midstream Partners LP

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Oil and Gas	USD 6.78B	94.2%	+35.3%
Midstream and Marketing	USD 419.00M	5.8%	+42.0%
Intersegment eliminationsi	-USD 143.00M		–

Sum of items USD 7.20B; corporate items and eliminations -USD 143.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Oil and Gas	6.8B	5.3B	–	5.4B	5.0B	5.7B	–	5.7B	5.5B	4.9B	–	5.6B	4.9B	5.3B	6.3B	7.1B	7.7B	6.1B	5.8B	5.1B	4.7B	3.7B	3.0B	3.0B	2.0B	5.1B	4.4B	4.0B	2.7B	2.4B	–	2.9B	2.5B	2.5B	–	1.9B
Chemical	–	–	–	1.2B	–	–	–	1.2B	1.3B	1.2B	–	1.3B	1.4B	1.4B	1.5B	1.7B	1.9B	1.7B	1.6B	1.4B	1.2B	1.1B	988.0M	937.0M	839.0M	962.0M	974.0M	1.1B	998.0M	1.1B	–	1.2B	1.2B	1.2B	–	1.1B
Midstream and Marketing	419.0M	397.0M	–	365.0M	295.0M	282.0M	–	287.0M	268.0M	856.0M	–	666.0M	616.0M	751.0M	867.0M	1.0B	1.5B	882.0M	857.0M	690.0M	474.0M	807.0M	–	364.0M	598.0M	790.0M	1.2B	–	909.0M	816.0M	–	–	–	389.0M	–	266.0M
Midstream	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	409.0M	–	–	–	409.0M	357.0M	–	–	–
Western Midstream Partners LP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	383.0M	–	–	–	–	–	–	–	–