Q3 25 EPS
$0.64
BEAT +29.90%
Est. $0.49
Q3 25 Revenue
$6.62B
MISS 1.73%
Est. $6.74B
vs S&P Since Q3 25
+30.7%
BEATING MARKET
OXY +39.0% vs S&P +8.2%
Market Reaction
Did OXY Beat Earnings? Q3 2025 Results
Occidental Petroleum delivered a strong third quarter, posting adjusted earnings of $0.64 per diluted share on revenue of $6.62 billion, as a sharp sequential recovery in production volumes and crude prices lifted results well above the prior quarter… Read more Occidental Petroleum delivered a strong third quarter, posting adjusted earnings of $0.64 per diluted share on revenue of $6.62 billion, as a sharp sequential recovery in production volumes and crude prices lifted results well above the prior quarter's adjusted income of $396.00 million. The primary engine behind the rebound was the company's upstream portfolio, where total production of 1,465 Mboed cleared the high end of guidance, with Permian Basin output alone reaching 800 Mboed and average worldwide realized crude prices climbing 2% sequentially to $64.78 per barrel. Operating cash flow reached $2.79 billion, supporting $1.30 billion in debt repayments that brought the principal balance to $20.80 billion. The quarter also carried significant strategic weight, as Occidental announced the sale of its OxyChem unit to Berkshire Hathaway, a transaction management expects to accelerate balance sheet improvement and redirect capital toward higher-return oil and gas opportunities, reinforcing the company's longer-term focus on core upstream growth.
Key Takeaways
- • Total company production of 1,465 Mboed exceeded the high end of guidance
- • Higher crude oil volumes and prices drove sequential improvement in oil and gas income
- • Permian Basin production reached 800 Mboed
- • Average worldwide realized crude oil prices increased 2% sequentially to $64.78/bbl
- • Domestic gas prices increased 11% sequentially to $1.48/Mcf
- • Midstream and marketing exceeded the high end of guidance for pre-tax adjusted income
- • WES equity method investment income of $156 million
OXY YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
OXY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Occidental's third quarter results are a testament to the exceptional operational execution of our teams and the strength of our upstream portfolio. We achieved notable outperformance across our oil and gas assets as well as within our midstream and marketing operations.”
— Vicki Hollub, Q3 2025 Earnings Press Release
OXY Earnings Trends
OXY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OXY EPS Trend
Earnings per share: estimate vs actual
OXY Revenue Trend
Quarterly revenue: estimate vs actual
OXY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.59 | $1.06 | +80.33% | $5.23B | -7.68% |
| Q4 25 FY | — | $0.31 | — | $5.42B | — |
| FY Full Year | — | $2.21 | — | $22.08B | — |
| Q3 25 BEAT | $0.49 | $0.64 | +29.90% | $6.62B | -1.73% |
| Q2 25 BEAT | $0.31 | $0.39 | +24.80% | $6.46B | +2.66% |
| Q1 25 BEAT | $0.76 | $0.87 | +13.99% | $6.84B | -0.91% |