Companies /Energy

Occidental Petroleum Corp

NYSE: OXY Oil & Gas E&p
$60.94
▼ $0.36 (−0.58%) today
Markets open · 10:30am ET

Q3 2025 Earnings

Reported Nov 10, 2025, 4:15pm ET · SEC source
$0.64
Beat +23.08%
EPS · est. $0.52
$6.6B
Miss −1.73%
Revenue · est. $6.7B
−2.6%
Trailing market
OXY vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%+4%Nov 10Nov 11report 4:15pm ETearnings+0.2%+1.1%
0+2%+4%Nov 10Nov 11earnings+0.2%+1.1%
OXY +1.1%S&P 500 +0.2%
0+2%+4%Nov 10Nov 11report 4:15pm ETearnings−0.2%+1.1%
0+2%+4%Nov 10Nov 11earnings−0.2%+1.1%
OXY +1.1%NASDAQ −0.2%
−3%0+3%Nov 10Nov 18report 4:15pm ETearnings−3.2%+2.5%
−3%0+3%Nov 10Nov 18earnings−3.2%+2.5%
OXY +2.5%S&P 500 −3.2%
−3%0+3%Nov 10Nov 18report 4:15pm ETearnings−4.5%+2.5%
−3%0+3%Nov 10Nov 18earnings−4.5%+2.5%
OXY +2.5%NASDAQ −4.5%
+1.19%
Day of report
+0.12%
Next session
−0.26%
One week
−1.44%
30 days

S&P 500 over the same 30 days: +1.13%.

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'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

“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.”

Occidental Petroleum CEO, on the earnings call

Forward Guidance & Outlook

Occidental is pursuing the sale of OxyChem to Berkshire Hathaway, which management views as transformative for the company's strategic direction. The proceeds are expected to further strengthen the balance sheet, accelerate shareholder returns, and unlock high-return opportunities in the core oil and gas business. The company continues to prioritize debt reduction, having lowered its principal debt balance to $20.8 billion.

OXY YoY Financials

Revenue$6.6B
Net Income$661.0M
Operating Income$996.0M

OXY Revenue by Segment

Oil and Gas$5.4B
Midstream and Marketing$306.0M
OxyChem$1.2B

Figures from SEC filings and company reports. Not investment advice.