Occidental Petroleum Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Occidental Petroleum Corp reported revenue of $21.6B (-19.2% year on year) and net income of $2.4B (-23.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $21.6B | $26.7B | $28.3B | $36.6B |
| Interest, dividends and other income | $219.0M | $171.0M | $139.0M | $153.0M |
| Gains (losses) on sales of assets and other, net | $263.0M | ($16.0M) | — | — |
| Total | $22.1B | $26.9B | $28.9B | $37.1B |
| Oil and gas lease operating expense | $4.7B | $4.7B | $4.7B | $4.0B |
| Transportation and gathering expense | $1.7B | $1.6B | $1.5B | $1.5B |
| Purchased commodities and midstream cost of sales | $176.0M | — | — | — |
| Selling, general and administrative expense | $986.0M | $1.1B | $1.1B | $945.0M |
| Other operating and non-operating expense | $1.6B | $1.6B | $1.1B | $1.3B |
| Taxes other than on income | $1.0B | $1.0B | $1.1B | $1.5B |
| Depreciation, depletion and amortization | $7.5B | $7.4B | $6.9B | $6.9B |
| Asset impairments and other charges | $60.0M | $1.3B | $209.0M | $0 |
| Acquisition-related costs | $13.0M | $84.0M | $26.0M | $89.0M |
| Exploration expense | $249.0M | $275.0M | $441.0M | $216.0M |
| Interest and debt expense, net | $1.1B | $1.2B | $945.0M | $1.0B |
| Total | $19.0B | $23.7B | $23.0B | $24.1B |
| Income before income taxes and other items | $3.1B | $3.2B | $5.9B | $13.0B |
| Income from equity investments and other | $76.0M | $862.0M | $534.0M | $793.0M |
| Total | $76.0M | $862.0M | $534.0M | $1.1B |
| Income from continuing operations before income taxes | $3.1B | $4.1B | $6.4B | $14.1B |
| Income tax expense | ($1.0B) | ($1.2B) | ($1.7B) | ($813.0M) |
| Income from continuing operations | $2.1B | $2.9B | $4.7B | $13.3B |
| Income from discontinued operations, net of tax | $262.0M | $182.0M | $0 | $0 |
| NET INCOME | $2.4B | $3.1B | $4.7B | — |
| Less: Net income attributable to noncontrolling interest | ($43.0M) | ($22.0M) | — | — |
| Less: Preferred stock dividends and redemption premiums | ($679.0M) | ($679.0M) | ($923.0M) | ($800.0M) |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $1.6B | $2.4B | $3.8B | $12.5B |
| Income from continuing operations—basic (in dollars per share) | $1.38 | $2.39 | $4.22 | $13.41 |
| Discontinued operations—basic (in dollars per share) | $0.27 | $0.20 | $0.00 | $0.00 |
| Net income attributable to common stockholders—basic (in dollars per share) | $1.65 | $2.59 | $4.22 | $13.41 |
| Income from continuing operations—diluted (in dollars per share) | $1.35 | $2.26 | $3.90 | $12.40 |
| Discontinued operations—diluted (in dollars per share) | $0.26 | $0.18 | $0.00 | $0.00 |
| Net income attributable to common stockholders—diluted (in dollars per share) | $1.61 | $2.44 | $3.90 | $12.40 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net sales | $8.1B | $5.2B | $6.6B | $6.4B |
| Interest, dividends and other income | $82.0M | $81.0M | $59.0M | $44.0M |
| Gains (losses) on sales of assets and other, net | $180.0M | ($202.0M) | $34.0M | ($2.0M) |
| Total | $8.3B | $5.1B | $6.7B | $6.5B |
| Oil and gas lease operating expense | $1.1B | $1.1B | $1.2B | $1.1B |
| Transportation and gathering expense | $463.0M | $421.0M | $416.0M | $409.0M |
| General and administrative expense | $262.0M | $245.0M | $277.0M | $284.0M |
| Other operating and non-operating expense | $332.0M | $356.0M | $396.0M | $497.0M |
| Taxes other than on income | $342.0M | $259.0M | $248.0M | $269.0M |
| Depreciation, depletion and amortization | $1.8B | $1.8B | $2.1B | $1.9B |
| Asset impairments and other charges | $38.0M | $120.0M | $0 | — |
| Acquisition-related costs | $0 | $0 | $1.0M | $6.0M |
| Exploration expense | $37.0M | $110.0M | $66.0M | $83.0M |
| Interest and debt expense, net | $108.0M | $432.0M | $270.0M | $276.0M |
| Total | $4.5B | $4.9B | $5.7B | $5.7B |
| Income before income taxes and other items | $3.8B | $254.0M | $996.0M | $714.0M |
| Income (loss) from equity investments and other | $134.0M | $136.0M | $170.0M | $24.0M |
| Total | $134.0M | $136.0M | $170.0M | $24.0M |
| Income before income taxes | $3.9B | $390.0M | $1.2B | $738.0M |
| Income tax expense | ($915.0M) | ($154.0M) | ($324.0M) | ($270.0M) |
| Income from continuing operations | $3.0B | $236.0M | $842.0M | $468.0M |
| Discontinued operations, net of tax | ($4.0M) | $3.1B | $0 | $0 |
| NET INCOME | $3.0B | $3.4B | $842.0M | $468.0M |
| Less: Net income attributable to noncontrolling interest | ($19.0M) | ($14.0M) | ($12.0M) | ($10.0M) |
| Less: Preferred stock dividends | ($170.0M) | ($170.0M) | ($169.0M) | ($170.0M) |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $2.8B | $3.2B | $661.0M | $288.0M |
| Income from continuing operations—basic (in dollars per share) | $2.80 | $0.05 | $0.67 | $0.27 |
| Discontinued operations—basic (in dollars per share) | $0.00 | $3.14 | $0.00 | $0.00 |
| Net income attributable to common stockholders—basic (in dollars per share) | $2.80 | $3.19 | $0.67 | $0.27 |
| Income from continuing operations—diluted (in dollars per share) | $2.76 | $0.05 | $0.65 | $0.26 |
| Discontinued operations—diluted (in dollars per share) | -$0.01 | $3.08 | $0.00 | $0.00 |
| Net income attributable to common stockholders—diluted (in dollars per share) | $2.75 | $3.13 | $0.65 | $0.26 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.0B | $2.1B | $1.4B | $984.0M |
| Trade receivables | $2.6B | $3.5B | $3.2B | $4.3B |
| Joint interest receivables | $684.0M | $720.0M | — | — |
| Inventories | $1.8B | $2.1B | $2.0B | $2.1B |
| Assets held for sale | $1.2B | — | — | — |
| Other current assets | $601.0M | $597.0M | $1.7B | $1.6B |
| Total current assets | $8.8B | $9.1B | $8.4B | $8.9B |
| Gross property, plant and equipment | $137.8B | $141.0B | $126.8B | $120.7B |
| Accumulated depreciation, depletion and amortization | ($74.1B) | ($71.6B) | ($68.3B) | ($62.4B) |
| Total property, plant and equipment, net | $63.6B | $69.4B | $58.5B | $58.4B |
| Operating lease assets | $908.0M | $937.0M | $1.1B | $903.0M |
| Investments in unconsolidated entities | $2.5B | $3.2B | $3.2B | $3.2B |
| Non-current assets held for sale | $5.3B | — | — | — |
| Other long-term assets | $3.0B | — | — | — |
| Total non-current assets | $11.7B | $2.9B | $2.8B | — |
| TOTAL ASSETS | $84.2B | $85.4B | $74.0B | $72.6B |
| Current maturities of long-term debt | $1.8B | $1.1B | $1.2B | $165.0M |
| Accounts payable | $3.3B | $3.8B | $3.6B | $4.0B |
| Accrued liabilities | $3.6B | $4.3B | $3.9B | $3.3B |
| Liabilities held for sale | $778.0M | — | — | — |
| Total current liabilities | $9.4B | $9.5B | $9.1B | $7.8B |
| LONG-TERM DEBT, NET | $20.6B | $25.0B | $18.5B | $19.7B |
| Deferred income taxes, net | $5.6B | $5.4B | $5.8B | $5.5B |
| Asset retirement obligations | $4.2B | $4.0B | $3.9B | $3.6B |
| Non-current liabilities held for sale | $418.0M | — | — | — |
| Other deferred credits and liabilities | $7.3B | $7.0B | — | — |
| Total deferred credits and other liabilities | $17.5B | $16.5B | $16.0B | $15.1B |
| Preferred stock, at $1.00 per share par value, issued shares: 2025 — 84,897 and 2024 — 84,897 | $8287000000.00 | $8287000000.00 | $8287000000.00 | $9762000000.00 |
| Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2025 — 1,214,337,600 and 2024 — 1,166,769,167 | $243000000.00 | $233000000.00 | $222000000.00 | $220000000.00 |
| Treasury stock: 2025 — 228,311,184 shares and 2024 — 228,311,184 shares | -15.6B | -15.6B | -15.6B | — |
| Additional paid-in capital | $21.0B | $19.9B | $17.4B | $17.2B |
| Retained earnings | $21.9B | $21.2B | $19.6B | $16.5B |
| Accumulated other comprehensive income | $202.0M | $179.0M | $275.0M | $195.0M |
| Total stockholders’ equity | $36.0B | $34.2B | $30.3B | $30.1B |
| Noncontrolling interest | $564.0M | $321.0M | $99.0M | — |
| Total equity | $36.6B | $34.5B | $30.3B | — |
| TOTAL LIABILITIES AND EQUITY | $84.2B | $85.4B | $74.0B | $72.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $4.2B | $3.8B | $2.2B | $2.3B |
| Trade receivables, net of reserves | $3.1B | $3.7B | $3.2B | $3.5B |
| Joint interest receivables | $902.0M | $791.0M | $667.0M | $638.0M |
| Inventories | $2.2B | $1.9B | $2.1B | $1.9B |
| Other current assets | $753.0M | $933.0M | $700.0M | $670.0M |
| Current assets held for sale | $0 | $0 | — | — |
| Total current assets | $11.1B | $11.1B | $8.8B | $9.0B |
| Property, plant and equipment, gross | $134.4B | $138.1B | $145.8B | $144.1B |
| Accumulated depreciation, depletion and amortization | ($71.8B) | ($75.0B) | ($78.3B) | ($75.8B) |
| Total property, plant and equipment, net | $62.6B | $63.1B | $67.4B | $68.3B |
| Operating lease assets | $829.0M | $890.0M | $1.2B | $1.2B |
| Investments in unconsolidated entities | $2.6B | $2.3B | $3.0B | $2.9B |
| Non-current assets held for sale | $0 | $0 | — | — |
| Other long-term assets | $3.2B | $3.0B | — | — |
| Total non-current assets | $6.6B | $6.3B | $3.1B | $3.0B |
| TOTAL ASSETS | $80.4B | $80.5B | $83.5B | $84.4B |
| Current maturities of long-term debt | $203.0M | $424.0M | $1.6B | $433.0M |
| Accounts payable | $3.6B | $3.8B | $3.5B | $3.8B |
| Accrued liabilities | $4.1B | $5.0B | $3.9B | $3.9B |
| Liabilities held for sale | $0 | $0 | — | — |
| Total current liabilities | $7.9B | $9.2B | $9.4B | $8.6B |
| Long-term debt, net | $13.5B | $15.2B | $20.8B | $23.3B |
| Deferred income taxes, net | $5.7B | $5.0B | $5.4B | $5.2B |
| Asset retirement obligations | $3.7B | $4.1B | $3.9B | $3.8B |
| Non-current liabilities held for sale | $0 | $0 | — | — |
| Other deferred credits and liabilities | $7.2B | — | — | — |
| Total deferred credits and other liabilities | $16.5B | $16.5B | $16.4B | $16.3B |
| Preferred stock, at $1.00 per share par value, issued shares: 2026 — 84,897 and 2025 —84,897 | $8287000000.00 | $8287000000.00 | $8287000000.00 | $8287000000.00 |
| Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2026 — 1,230,039,058 and 2025 — 1,214,337,600 | $246000000.00 | $244000000.00 | $243000000.00 | $243000000.00 |
| Treasury stock: 2026 — 230,330,507 shares and 2025 — 228,311,184 shares | -15.7B | -15.7B | -15.6B | -15.6B |
| Additional paid-in capital | $21.4B | $21.1B | $20.9B | $20.8B |
| Retained earnings | $27.4B | $24.8B | $22.2B | $21.8B |
| Accumulated other comprehensive income | $191.0M | $194.0M | $204.0M | $164.0M |
| Total stockholders' equity | $41.7B | $38.9B | $36.3B | $35.7B |
| Noncontrolling interest | $635.0M | $628.0M | $505.0M | $454.0M |
| Total equity | $42.4B | $39.6B | $36.8B | $36.2B |
| Liabilities and Equity, Total | $80.4B | $80.5B | $83.5B | $84.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $2.4B | $3.1B | $4.7B | — |
| Discontinued operations, net | ($262.0M) | ($182.0M) | $0 | $0 |
| Depreciation, depletion and amortization of assets | $7.5B | $7.4B | $6.9B | $6.9B |
| Deferred income tax provision (benefit) | $127.0M | ($461.0M) | $57.0M | ($1.6B) |
| Other noncash charges to income | $420.0M | $543.0M | ($100.0M) | ($8.0M) |
| Asset impairments | $21.0M | $1.3B | $209.0M | $0 |
| Losses (gains) on sales of assets and other, net | ($263.0M) | $60.0M | ($522.0M) | — |
| Undistributed losses (earnings) from equity investments | $619.0M | ($79.0M) | $144.0M | ($219.0M) |
| Dry hole expense | $109.0M | $106.0M | $299.0M | $84.0M |
| (Increase) decrease in trade receivables | $252.0M | ($133.0M) | $1.1B | ($97.0M) |
| (Increase) decrease in inventories | $12.0M | ($46.0M) | ($91.0M) | ($230.0M) |
| (Increase) decrease in joint interest receivables and other current assets | ($62.0M) | $303.0M | — | — |
| Decrease in accounts payable and accrued liabilities | ($964.0M) | ($661.0M) | ($549.0M) | ($478.0M) |
| Increase (decrease) in current domestic and foreign income taxes | ($305.0M) | $559.0M | $225.0M | ($185.0M) |
| Operating cash flow from continuing operations | $9.6B | $11.7B | $12.3B | $16.8B |
| Operating cash flow from discontinued operations | $926.0M | ($300.0M) | $0 | $0 |
| Net cash provided by operating activities | $10.5B | $11.4B | $12.3B | $16.8B |
| Capital expenditures | ($6.4B) | ($7.0B) | ($6.3B) | ($4.5B) |
| Change in capital accrual | $32.0M | $96.0M | $25.0M | $147.0M |
| Purchases of assets, businesses and equity investments, net | ($280.0M) | ($9.1B) | — | — |
| Proceeds from sale of assets and equity investments, net | $2.3B | $1.7B | $448.0M | $584.0M |
| Equity investments and other, net | ($286.0M) | ($212.0M) | ($470.0M) | ($116.0M) |
| Investing cash flow from continuing operations | ($4.7B) | — | ($7.0B) | ($4.9B) |
| Investing cash flow from discontinued operations | ($1.1B) | — | $0 | $0 |
| Net cash used by investing activities | ($5.8B) | ($14.6B) | ($7.0B) | ($4.9B) |
| Draws on receivables securitization facility | $0 | $0 | $900.0M | $400.0M |
| Payment of receivables securitization facility | $0 | $0 | ($900.0M) | ($400.0M) |
| Proceeds from long-term debt, net | $0 | $9.6B | — | $0 |
| Payments of long-term debt, net | ($3.8B) | ($4.5B) | ($22.0M) | ($9.5B) |
| Redemption of preferred stock | $0 | $0 | ($1.7B) | — |
| Purchases of treasury stock | $0 | ($27.0M) | ($1.8B) | ($3.1B) |
| Cash dividends paid on common and preferred stock | ($1.6B) | ($1.4B) | ($1.4B) | ($1.2B) |
| Proceeds from issuance of common stock | $966.0M | $584.0M | $135.0M | $293.0M |
| Contributions from noncontrolling interest | $200.0M | $200.0M | $100.0M | — |
| Deferred payments for purchases of assets and businesses | ($417.0M) | ($318.0M) | — | — |
| Other financing, net | ($236.0M) | ($247.0M) | ($233.0M) | ($130.0M) |
| Financing cash flow from continuing operations | ($4.8B) | — | ($4.9B) | ($13.7B) |
| Financing cash flow from discontinued operations | ($9.0M) | — | $0 | $0 |
| Net cash provided (used) by financing activities | ($4.8B) | $3.8B | ($4.9B) | ($13.7B) |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | ($111.0M) | $693.0M | $438.0M | ($1.8B) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of year | $2.2B | — | — | — |
| Cash, cash equivalents, restricted cash and restricted cash equivalents — end of year | $2.0B | $2.2B | $1.5B | $1.0B |
| Continuing operations - beginning of year | $2.1B | $1.5B | $1.0B | $2.8B |
| Discontinued operations - beginning of year | $7.0M | — | — | — |
| Less: discontinued operations - end of year | $41.0M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $6.4B | $3.4B | $2.3B | $1.4B |
| Discontinued operations, net | ($3.1B) | ($3.1B) | $0 | $0 |
| Depreciation, depletion and amortization of assets | $3.6B | $1.8B | $5.9B | $3.9B |
| Deferred income tax provision (benefit) | $757.0M | $50.0M | $1.0M | ($146.0M) |
| Asset impairments and other charges | $105.0M | $105.0M | $0 | — |
| Losses on sales of assets and other, net | $22.0M | $202.0M | ($13.0M) | $21.0M |
| Other noncash charges to income | $100.0M | $864.0M | $685.0M | $502.0M |
| (Increase) decrease in trade receivables | ($566.0M) | ($1.1B) | $352.0M | $55.0M |
| (Increase) decrease in inventories | ($334.0M) | ($26.0M) | $16.0M | $243.0M |
| (Increase) decrease in joint interest receivables and other current assets | ($172.0M) | — | — | — |
| Decrease in accounts payable and accrued liabilities | ($314.0M) | ($482.0M) | ($1.1B) | ($622.0M) |
| Increase (decrease) in current domestic and foreign income taxes | $3.0M | $35.0M | ($169.0M) | ($238.0M) |
| Operating cash flow from continuing operations | $6.5B | $1.4B | $7.9B | — |
| Operating cash flow from discontinued operations, net of taxes | ($926.0M) | ($111.0M) | $0 | — |
| Net cash provided by operating activities | $5.6B | $1.3B | $7.9B | $5.1B |
| Capital expenditures | ($3.1B) | ($1.6B) | ($5.7B) | ($3.9B) |
| Change in capital accrual | ($65.0M) | ($25.0M) | ($87.0M) | ($7.0M) |
| Purchases of assets, businesses and equity investments, net | ($94.0M) | ($25.0M) | ($231.0M) | ($108.0M) |
| Proceeds from sales of assets, net | $71.0M | $57.0M | $2.2B | $1.4B |
| Equity investments and other, net | ($164.0M) | ($66.0M) | ($227.0M) | ($159.0M) |
| Investing cash flow from continuing operations | ($3.4B) | ($1.6B) | — | — |
| Investing cash flow from discontinued operations | $9.5B | $9.5B | — | — |
| Net cash provided (used) by investing activities | $6.1B | $7.8B | ($4.0B) | ($2.7B) |
| Payments of debt | ($8.7B) | ($6.9B) | ($3.6B) | ($2.3B) |
| Cash dividends paid on common and preferred stock | ($839.0M) | ($409.0M) | ($1.2B) | ($778.0M) |
| Proceeds from issuance of common stock | $295.0M | $95.0M | $948.0M | $931.0M |
| Purchases of treasury stock | ($117.0M) | ($56.0M) | $0 | $0 |
| Contributions from noncontrolling interest, net | $38.0M | $50.0M | $153.0M | $114.0M |
| Other financing, net | ($158.0M) | ($105.0M) | ($138.0M) | ($162.0M) |
| Financing cash flow from continuing operations | ($9.5B) | ($7.3B) | — | — |
| Financing cash flow from discontinued operations | $0 | $0 | — | — |
| Net cash used by financing activities | ($9.5B) | ($7.3B) | ($3.9B) | ($2.2B) |
| Increase in cash, cash equivalents, restricted cash and restricted cash equivalents | $2.1B | $1.8B | $39.0M | $203.0M |
| Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period | $2.0B | $2.0B | $2.2B | $2.2B |
| Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period | $4.2B | $3.8B | $2.2B | $2.4B |
Occidental Petroleum Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.