UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR 5 Greenway Plaza, Suite 110 Houston, Texas 77046 (Address of principal executive offices) (Zip Code) (713) 215-7000 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-9 ...

Financial Performance - Average diluted shares outstanding for Q1 2025 were 982.9 million shares[2] - Average realized oil prices for the United States were $70.80 per barrel, and $72.59 internationally, with a total worldwide average of $71.07 per barrel[3] - Average realized NGL prices for the United States were $25.67 per barrel, and $27.85 internationally, with a total worldwide average of $25.94 per barrel[3] - Average realized natural gas prices for the United States were $2.42 per Mcf, and $1.90 internationally, with a total worldwide average of $2.30 per Mcf[3] - Worldwide oil prices were 100% of average WTI prices and 95% of average Brent prices[3] - Domestic natural gas prices were 67% of average NYMEX prices[3] Forward-Looking Statements - The company emphasizes that actual outcomes may differ materially from anticipated results due to various factors, including economic conditions and commodity pricing fluctuations[5] - Forward-looking statements include expectations about future operations and financial performance, but should not be relied upon without caution[4] - The company does not undertake any obligation to update forward-looking statements unless legally required[4] - Additional information regarding factors affecting financial results can be found in the company's filings with the U.S. Securities and Exchange Commission[7]

HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its first quarter 2025 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a conference call to discuss the results on Thursday, May 8, 2025, at 1 p.m. Eastern/12 p.m. Central. The conferenc ...

Wall Street analysts expect Occidental Petroleum (OXY) to post quarterly earnings of $0.73 per share in its upcoming report, which indicates a year-over-year increase of 12.3%. Revenues are expected to be $7.15 billion, up 18.9% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 28.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a compan ...

Occidental Petroleum (OXY) is expected to report a year-over-year increase in its top and bottom lines when it reports first-quarter 2025 results on May 7, after market close. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Zacks Consensus Estimate for OXY’s first-quarter revenues is pegged at $7.15 billion, indicating an increase of 18.93% from the year-ago reported figure.The Zacks Consensus Estimate for earnings is pegged at 73 cents per share. The Zacks Consensus Estimate for O ...

Wall Street analysts forecast that Occidental Petroleum (OXY) will report quarterly earnings of $0.73 per share in its upcoming release, pointing to a year-over-year increase of 12.3%. It is anticipated that revenues will amount to $7.15 billion, exhibiting an increase of 18.9% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 29.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated thei ...

Financial Data and Key Metrics Changes - In 2024, the company generated $11.7 billion in operating cash flow and $4.9 billion in free cash flow before working capital [6] - The company achieved a record year-end proved oil and gas reserves of 4.6 billion BOE, a 15% increase from 2023 [5] - The company paid approximately $800 million in combined dividends and approved a 22% dividend increase in early 2024, followed by an additional 9% increase early this year [6] Business Line Data and Key Metrics Changes - The company reported record US oil production of 571,000 barrels per day from its Permian, Rockies, and Gulf of America assets [5] - Combined production from ongoing operations reached 1.3 million BOE per day, with significant contributions from both US and international assets [5] Market Data and Key Metrics Changes - The company noted that ongoing negotiations and macroeconomic factors, including tariffs and geopolitical events, have impacted commodity prices and created volatility in financial markets [29][32] - The company is focused on managing its operations efficiently in any price environment, with a strategy to strengthen its balance sheet through deleveraging [30] Company Strategy and Development Direction - The company closed a strategic acquisition of Crown Rock, enhancing its access to high-quality unconventional domestic oil assets [4] - The company is advancing major projects, including the commissioning of its first commercial-scale direct air capture facility, Stratos, expected to start in 2025 [4][7] - The company aims to integrate sustainability throughout its operations and has set emission reduction targets [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic focus and operational performance, positioning it well to deliver long-term value despite near-term pressures from commodity prices [32] - The company is optimistic about the growth prospects for global oil demand beyond 2030, which is seen as positive for its operations [40] Other Important Information - The company achieved its best-ever safety performance record in 2024, reflecting a commitment to safety across all segments [6] - The board is committed to ongoing refreshment of its membership to align with the evolving needs of the company [19] Q&A Session Summary Question: Are there any plans for board refreshment? - The board has committed to ongoing refreshment, with almost half of the independent directors beginning their service within the past five years [19] Question: How does the executive compensation program align with pay for performance? - A substantial portion of named executive officer compensation is performance-based, with significant at-risk pay for executives [24] Question: What is the potential impact of tariffs and the macro environment on Oxy? - The company is focused on what it can control, with ongoing assessments of the impact of tariffs and geopolitical events on operations and financial performance [29] Question: How does Oxy approach diversity and inclusion? - Oxy maintains a culture of inclusion and belonging, which is essential for recruiting and retaining talented employees [33] Question: What are Oxy's sustainability efforts? - Oxy has implemented key emission reduction targets and has sustained zero routine flaring in its US operations [36] Question: What are the growth prospects for the different commodities produced? - Oxy is well-positioned with a diversified portfolio and expects growth in oil and gas operations, particularly in the Permian Basin [40]

Occidental Petroleum TodayOXYOccidental Petroleum$40.51 +0.15 (+0.37%) 52-Week Range$34.79▼$68.43Dividend Yield2.37%P/E Ratio16.60Price Target$54.19Add to WatchlistWhen most investors think of Occidental Petroleum Co. NYSE: OXY, they think oil and gas—and with good reason. Occidental is the largest driller in the Permian Basin, one of the richest energy fields in the United States. But there’s more to this story. The company is also building major growth engines outside traditional energy, including its fa ...

Occidental Petroleum (OXY) ended the recent trading session at $39.83, demonstrating a -0.35% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.67%. Elsewhere, the Dow gained 1.07%, while the tech-heavy Nasdaq added 2.5%.Shares of the oil and gas exploration and production company have depreciated by 18.45% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.69% and the S&P 500's loss of 6.57%.The investment commun ...

Occidental Petroleum TodayOXYOccidental Petroleum$39.03 -0.68 (-1.71%) 52-Week Range$34.79▼$68.43Dividend Yield2.46%P/E Ratio16.00Price Target$55.33Add to WatchlistOccidental Petroleum Co. NYSE: OXY is known for being one of the largest oil and gas producers in the United States, as well as being Warren Buffet’s favorite stock in the energy sector based on his Berkshire Hathaway Inc. NYSE: BRK.A NYSE: BRK.B cumulative holdings of 28.2% ownership in the company. Occidental is the largest oil and gas produce ...