OCCIDENTAL PETROLEUM CORP /DE/
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 18, 2026
OXY$56.38+0.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| table of contents | FINANCIAL STATEMENTS |
| Consolidated Statements of Operations | Occidental Petroleum Corporationand Subsidiaries |
|---|
| Years Ended December 31, | |||
|---|---|---|---|
| millions except per-share amounts | 2025 | 2024 | 2023 |
| REVENUES AND OTHER INCOME | |||
| Net sales | $21,593 | $22,019 | $23,156 |
| Interest, dividends and other income | 219 | 192 | 153 |
| Gains (losses) on sales of assets and other, net | 263 | (16) | 522 |
| Total | 22,075 | 22,195 | 23,831 |
| COSTS AND OTHER DEDUCTIONS | |||
| Oil and gas lease operating expense | 4,681 | 4,738 | 4,677 |
| Transportation and gathering expense | 1,660 | 1,608 | 1,481 |
| Purchased commodities and midstream cost of sales | 176 | 431 | 2,116 |
| Selling, general and administrative expense | 986 | 960 | 987 |
| Other operating and non-operating expense | 1,556 | 1,319 | 1,165 |
| Taxes other than on income | 1,030 | 1,039 | 1,087 |
| Depreciation, depletion and amortization | 7,533 | 6,951 | 6,449 |
| Asset impairments and other charges | 60 | 356 | 209 |
| Acquisition-related costs | 13 | 84 | 26 |
| Exploration expense | 249 | 275 | 441 |
| Interest and debt expense, net | 1,079 | 1,169 | 957 |
| Total | 19,023 | 18,930 | 19,595 |
| Income before income taxes and other items | 3,052 | 3,265 | 4,236 |
| OTHER ITEMS | |||
| Income from equity investments and other | 76 | 759 | 426 |
| Total | 76 | 759 | 426 |
| Income from continuing operations before income taxes | 3,128 | 4,024 | 4,662 |
| Income tax expense | (1,021) | (1,158) | (1,330) |
| Income from continuing operations | 2,107 | 2,866 | 3,332 |
| Income from discontinued operations, net of tax | 262 | 212 | 1,364 |
| NET INCOME | 2,369 | 3,078 | 4,696 |
| Less: Net income attributable to noncontrolling interest | (43) | (22) | — |
| Less: Preferred stock dividends and redemption premiums | (679) | (679) | (923) |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $1,647 | $2,377 | $3,773 |
| PER COMMON SHARE | |||
| Income from continuing operations—basic | $1.38 | $2.36 | $2.69 |
| Discontinued operations—basic | 0.27 | 0.23 | 1.53 |
| Net income attributable to common stockholders—basic | $1.65 | $2.59 | $4.22 |
| Income from continuing operations—diluted | $1.35 | $2.23 | $2.49 |
| Discontinued operations—diluted | 0.26 | 0.21 | 1.41 |
| Net income attributable to common stockholders—diluted | $1.61 | $2.44 | $3.90 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.