OCCIDENTAL PETROLEUM CORP /DE/ OXY
In this Form 10-K, "Occidental" refers to Occidental Petroleum Corporation, a Delaware corporation; "the Company," "it," and "our" refer to Occidental and/or one or more entities in which it owns a controlling interest (subsidiaries). Occidental's executive offices are located at 5 Greenway Plaza, Suite 110, Houston, Texas 77046; telephone (713) 215-7000.
The Company is an international energy company recognized for its premier diversified assets, primarily situated in the United States, the Middle East and North Africa. The Company's distinguished operational capabilities support sustainable value creation for shareholders. The Company ranks among the largest oil and gas producers in the U.S., holding leading positions in the Permian and DJ Basins as well as offshore Gulf of America, and is the largest independent oil producer in Oman. Our midstream and marketing segment ensures flow assurance and optimizes the value of oil and gas operations. Additionally, Oxy Low Carbon Ventures, a subsidiary within the midstream and marketing segment, focuses on advancing innovative decarbonization technologies and solutions—including direct air capture, carbon sequestration and lithium development to advance the Company's growth opportunities while reducing overall emissions and delivering the energy and products the world needs.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.57B | $22.71B | $23.23B | $36.23B | $25.96B | $17.13B | $19.19B | $17.82B | $12.51B | $10.09B |
| Cost of revenue | — | $3.12B | $3.12B | $3.27B | $2.77B | $2.41B | $2.79B | $2.83B | $2.94B | — |
| Gross profit | — | $19.59B | $20.11B | $32.96B | $23.19B | $14.72B | $16.40B | $14.99B | $9.57B | — |
| SG&A | $986.0M | $960.0M | $987.0M | $945.0M | $863.0M | $864.0M | $893.0M | $585.0M | — | — |
| Pre-tax income | $3.13B | $4.02B | $4.66B | $14.12B | $3.71B | -$15.71B | $354.0M | $5.61B | $1.33B | -$1.66B |
| Income tax | $1.02B | $1.16B | $1.33B | $813.0M | $915.0M | $2.17B | $861.0M | $1.48B | $17.0M | $662.0M |
| Net income | $2.37B | $3.08B | $4.70B | $13.30B | $2.32B | -$14.83B | -$522.0M | $4.13B | $1.31B | -$574.0M |
| EPS, basic | 1.65 | 2.59 | 4.22 | 13.41 | 1.62 | -17.06 | -1.22 | 5.40 | 1.71 | -0.75 |
| EPS, diluted | 1.61 | 2.44 | 3.90 | 12.40 | 1.58 | -17.06 | -1.22 | 5.39 | 1.70 | -0.75 |
| Shares, diluted (wtd. avg.) | $1.00B | $967.1M | $960.9M | $1.00B | $958.8M | $918.7M | $809.5M | $763.3M | $765.9M | $763.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.97B | $2.12B | $1.45B | $1.01B | $2.80B | $2.19B | $3.57B | $3.03B | $1.67B | $2.23B |
| Receivables | $2.58B | $2.84B | $3.19B | $4.28B | $4.21B | $2.12B | $4.23B | $4.89B | $4.14B | $3.99B |
| Inventory | $1.82B | $1.76B | $2.02B | $2.06B | $1.85B | $1.90B | $1.58B | $1.26B | $1.25B | $866.0M |
| Total current assets | $8.83B | $9.07B | $8.38B | $8.89B | $10.21B | $8.82B | $14.63B | $9.93B | $8.27B | $8.43B |
| Property, plant and equipment | — | — | — | — | — | — | $80.47B | $31.44B | $31.17B | $32.34B |
| Goodwill | $668.0M | $668.0M | — | — | — | — | — | — | — | — |
| Total assets | $84.19B | $85.44B | $74.01B | $72.61B | $75.04B | $80.06B | $107.19B | $42.16B | $42.03B | $43.11B |
| Accounts payable | $3.29B | $3.47B | $3.65B | $4.03B | $3.90B | $2.99B | $4.91B | $4.88B | $4.41B | $3.93B |
| Short-term debt | — | — | — | — | — | $440.0M | $51.0M | $116.0M | $500.0M | — |
| Total current liabilities | $9.43B | $9.52B | $9.15B | $7.76B | $8.32B | $8.22B | $12.71B | $7.41B | $7.40B | $6.36B |
| Long-term debt | $21.40B | $25.32B | $19.00B | $19.15B | $29.03B | $35.83B | $38.54B | $10.20B | $9.33B | $9.82B |
| Retained earnings | $21.89B | $21.19B | $19.63B | $16.50B | $4.48B | $3.00B | $20.18B | $23.75B | $21.93B | $22.98B |
| Total equity | $36.03B | $34.16B | $30.35B | $30.09B | $20.33B | $18.57B | $34.23B | $21.33B | $20.57B | $21.50B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.53B | $11.44B | $12.31B | $16.81B | $10.43B | $3.96B | $7.38B | $7.67B | $4.86B | $3.38B |
| Depreciation and amortisation | $7.53B | $6.95B | $6.45B | $6.93B | $8.45B | $8.10B | $6.14B | $3.98B | $4.00B | $4.27B |
| Capital expenditure | $6.43B | $6.26B | $5.70B | $4.50B | $2.87B | $2.54B | $6.37B | $4.97B | $3.60B | $2.72B |
| Investing cash flow | -$5.80B | -$14.59B | -$6.98B | -$4.87B | -$1.25B | -$819.0M | -$29.03B | -$3.21B | -$3.08B | -$4.74B |
| Financing cash flow | -$4.84B | $3.84B | -$4.89B | -$13.71B | -$8.57B | -$4.52B | $22.19B | -$3.10B | -$2.34B | -$802.0M |
| Dividends paid | — | — | — | $1.18B | $839.0M | $1.84B | $2.62B | $2.37B | $2.35B | $2.31B |
| Buybacks | $0 | $27.0M | $1.80B | $3.10B | $8.0M | $12.0M | $237.0M | $1.25B | $25.0M | $22.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009059.
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