The Investor
11 Nov 2025, 07:28
Occidental reported third-quarter 2025 net income of 661 million dollars, or 65 cents per diluted share, with adjusted earnings of 64 cents per share. Operating cash flow totaled 2.8 billion dollars, while free cash flow before working capital reached 1.5 billion dollars after 1.8 billion dollars of capital spending.
Total production averaged 1.465 million barrels of oil equivalent per day, exceeding guidance. The oil and gas segment earned 1.3 billion dollars before tax, supported by higher crude volumes and prices. The chemical unit, OxyChem, posted 197 million dollars of pre-tax income, down from the prior quarter due to lower prices and volumes. Midstream and marketing earned 93 million dollars, above the top end of guidance.
Occidental repaid 1.3 billion dollars of debt, reducing its principal balance to 20.8 billion dollars. CEO Vicki Hollub said the company’s strong operational execution and sale of OxyChem mark key steps in its strategic transformation, strengthening the balance sheet and positioning the company for enhanced shareholder returns and growth in its core oil and gas operations.
Total production averaged 1.465 million barrels of oil equivalent per day, exceeding guidance. The oil and gas segment earned 1.3 billion dollars before tax, supported by higher crude volumes and prices. The chemical unit, OxyChem, posted 197 million dollars of pre-tax income, down from the prior quarter due to lower prices and volumes. Midstream and marketing earned 93 million dollars, above the top end of guidance.
Occidental repaid 1.3 billion dollars of debt, reducing its principal balance to 20.8 billion dollars. CEO Vicki Hollub said the company’s strong operational execution and sale of OxyChem mark key steps in its strategic transformation, strengthening the balance sheet and positioning the company for enhanced shareholder returns and growth in its core oil and gas operations.
