0001628280-26-009059
SEC filingOccidental Petroleum Corporation reported solid financial results for fiscal year 2025, with total revenues and other income of $22.07 billion and net income of $2.37 billion. The company generated $1.65 billion in net income attributable to common stockholders, representing $2 per share on both basic and diluted bases. Key drivers included net sales of $21.59 billion, supplemented by $219 million in interest/dividend income and $263 million in gains on asset sales. Operating performance was supported by strong cash generation, with $10.53 billion in net cash provided by operating activities. The company maintained a robust balance sheet with $84.19 billion in total assets, $20.62 billion in long-term debt, and $36.60 billion in total equity. Capital expenditures totaled $6.43 billion, reflecting continued investment in operations. The company returned capital to shareholders through $1.59 billion in cash dividends paid on common and preferred stock while reducing long-term debt by $3.75 billion. These results demonstrate Occidental's ability to generate substantial cash flow while maintaining financial discipline and returning value to shareholders.
Occidental Petroleum Corporation delivered strong financial results for fiscal year 2025, reporting $22.07 billion in total revenues and other income. The company achieved net income of $2.37 billion, with $2.11 billion from continuing operations and $262 million from discontinued operations. After accounting for $43 million attributable to noncontrolling interests and $679 million in preferred stock dividends and redemption premiums, net income attributable to common stockholders was $1.65 billion. This translated to earnings per share of $2.00 on both basic and diluted bases. The company's operating performance generated substantial cash flow, with $10.53 billion in net cash provided by operating activities. Occidental maintained a solid balance sheet position with $84.19 billion in total assets and $36.60 billion in total equity as of December 31, 2025.
The company's revenue streams were diversified across multiple sources. Net sales constituted the largest component at $21.59 billion, representing the core operating revenue from Occidental's business activities. Additional income streams included $219 million from interest, dividends and other income, reflecting returns from financial assets and investments. The company also realized $263 million in gains on sales of assets and other items, net, contributing to the total revenues and other income of $22.07 billion. This revenue structure demonstrates Occidental's ability to generate income from both ongoing operations and strategic asset management activities.
Occidental's cost structure included significant operating expenses totaling $19.02 billion. Major cost components included oil and gas lease operating expense of $4.68 billion, transportation and gathering expense of $1.66 billion, and depreciation, depletion and amortization of $7.53 billion. The company incurred $1.08 billion in interest and debt expense, net, reflecting its capital structure. Income before income taxes and other items was $3.05 billion, with additional income from equity investments and other items of $76 million bringing income from continuing operations before income taxes to $3.13 billion. After $1.02 billion in income tax expense, income from continuing operations was $2.11 billion.
The company demonstrated strong cash generation with $10.53 billion in net cash provided by operating activities. Investing activities used $5.80 billion, primarily for $6.43 billion in capital expenditures, partially offset by $2.28 billion in proceeds from asset and equity investment sales. Financing activities used $4.84 billion, including $3.75 billion in long-term debt payments and $1.59 billion in cash dividends paid. The balance sheet showed $84.19 billion in total assets, including $8.83 billion in current assets and $63.64 billion in net property, plant and equipment. Total liabilities were $47.59 billion, including $20.62 billion in long-term debt and $9.43 billion in current liabilities. Total equity stood at $36.60 billion.
The financial statements provide a comprehensive view of Occidental's 2025 performance but do not include specific forward-looking guidance or management commentary about future periods. The company's strategic priorities appear focused on maintaining operational efficiency, as evidenced by substantial capital expenditures of $6.43 billion. The balance sheet shows significant assets held for sale totaling $6.52 billion ($1.18 billion current and $5.34 billion non-current), suggesting ongoing portfolio optimization. The company's liquidity position included $1.97 billion in cash and cash equivalents, with additional financial flexibility indicated by the ability to generate substantial operating cash flow while returning capital to shareholders and reducing debt.