European Investor
14 Jul 2025, 19:31
Occidental Petroleum Issues Q2 2025 Earnings Preview Highlighting Gulf Production Curtailments
Occidental Petroleum Corporation (NYSE: OXY) released its second quarter 2025 earnings considerations, outlining several key factors likely to impact results.
The company reported production curtailments in its Gulf of Mexico operations due to third-party constraints, extended facility maintenance, and schedule delays. As a result, Gulf sales volumes are estimated at 125 thousand barrels of oil equivalent per day (Mboed). However, total company production is expected to remain within guidance.
Occidental’s adjusted effective tax rate is projected at 35–37%, driven by a shift in the jurisdictional mix of income due to lower-than-expected full-year oil prices.
For Q2, average realized worldwide oil prices were $63.76 per barrel, closely aligned with the WTI benchmark. U.S. natural gas realized prices fell to $1.33 per Mcf, substantially below the $3.68 NYMEX index, reflecting a domestic realization rate of just 36% of benchmark.
Average diluted shares outstanding during the quarter totaled 1.01 billion.
These figures are preliminary and subject to adjustments during the finalization of the company’s financial reporting. Occidental did not provide earnings guidance but noted several macro and operational risk factors in its forward-looking statements.
Occidental Petroleum Corporation (NYSE: OXY) released its second quarter 2025 earnings considerations, outlining several key factors likely to impact results.
The company reported production curtailments in its Gulf of Mexico operations due to third-party constraints, extended facility maintenance, and schedule delays. As a result, Gulf sales volumes are estimated at 125 thousand barrels of oil equivalent per day (Mboed). However, total company production is expected to remain within guidance.
Occidental’s adjusted effective tax rate is projected at 35–37%, driven by a shift in the jurisdictional mix of income due to lower-than-expected full-year oil prices.
For Q2, average realized worldwide oil prices were $63.76 per barrel, closely aligned with the WTI benchmark. U.S. natural gas realized prices fell to $1.33 per Mcf, substantially below the $3.68 NYMEX index, reflecting a domestic realization rate of just 36% of benchmark.
Average diluted shares outstanding during the quarter totaled 1.01 billion.
These figures are preliminary and subject to adjustments during the finalization of the company’s financial reporting. Occidental did not provide earnings guidance but noted several macro and operational risk factors in its forward-looking statements.
