Occidental Petroleum Provides First Quarter 2025 Earnings Considerations

Occidental Petroleum Corporation has released preliminary insights into financial factors expected to influence its first-quarter 2025 earnings results. Management highlighted several key metrics without offering specific earnings estimates, noting that the information is subject to finalization.

Key Operational Data

Average diluted shares outstanding: 982.9 million

Oil Realized Prices (per barrel):

United States: $70.80

International: $72.59

Worldwide: $71.07

Natural Gas Liquids (NGL) Realized Prices (per barrel):

United States: $25.67

International: $27.85

Worldwide: $25.94

Natural Gas Realized Prices (per Mcf):

United States: $2.42

International: $1.90

Worldwide: $2.30

Benchmark Index Prices

WTI Oil: $71.42

Brent Oil: $74.89

NYMEX Gas: $3.62

Realizations as Percent of Benchmarks

Worldwide Oil to WTI: 100%

Worldwide Oil to Brent: 95%

Worldwide NGL to WTI: 36%

Domestic Natural Gas to NYMEX: 67%

Additional Commentary
The company cautioned that its summary may not reflect all financial outcomes or charges for the period and that actual results could vary materially due to market conditions, operational changes, and broader economic factors.

Potential impacts on performance include oil and gas price volatility, inflation, geopolitical instability, regulatory developments, production levels, and external disruptions.

Occidental reaffirmed its focus on long-term strategy, capital discipline, and cash flow optimization as part of its overall operational and financial outlook.