Occidental Petroleum Corp has reported $315 million or $0.31 per diluted share in internet revenue adjusted for extraordinary or nonrecurring objects for the fourth quarter.
That beat the Zacks Consensus Estimate – which averages projections by brokerage analysts – of $0.19, as manufacturing exceeded the higher finish of the corporate’s steerage.
The Houston, Texas-based oil and fuel producer logged a internet lack of $68 million, or a internet results of -0.07 per diluted share, for This autumn.
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“The distinction between internet loss attributable to widespread stockholders and adjusted revenue attributable to widespread stockholders is especially comprised of costs and transaction prices associated to the sale of OxyChem”, Warren Buffett-backed Occidental stated in a press release of outcomes.
Early this 12 months Buffett’s holding firm Berkshire Hathaway Inc accomplished the acquisition of OxyChem, Occidental’s chemical enterprise, for $9.7 billion. The sale was a part of Occidental’s efforts to maintain debt manageable following its acquisition of CrownRock LP, accomplished 2024 for round $12.4 billion.
Occidental has “strengthened the stability sheet with the completion of the OxyChem sale on January 2, 2026, decreasing debt by $5.8 billion since mid-December 2025 and bringing principal debt so far to $15.0 billion”, the This autumn report acknowledged.
Occidental has elevated its quarterly dividend by over eight % to $0.26 per share. “Quarterly dividend per share has doubled within the final 4 years”, Occidental stated.
Within the October-December quarter, manufacturing grew sequentially and year-on-year to 1.48 million barrels of oil equal per day (boepd). The expansion was pushed by the Permian basin, which accounted for 818,000 boepd, up from 800,000 boepd in Q3.
The Gulf of America contributed 144,000 boepd, up from 139,000 boepd in Q3. Occidental attributed 284,000 boepd to the Rockies and different United States belongings, down from 288,000 boepd in Q3.
Occidental derived 235,000 boepd from outdoors the U.S. in This autumn, down from 238,000 boepd in Q3.
The corporate’s common realized oil worth fell quarter-on-quarter and year-on-year to $59.22 a barrel. Its common realized home fuel worth additionally dropped quarter-on-quarter and year-on-year to $1.12 per thousand cubic toes.
Internet gross sales totaled $5.11 billion, down from $5.52 billion for Q3 and $5.64 billion for This autumn 2024.
This autumn 2025 oil and fuel pre-tax revenue was $655 million, down from $1.3 billion for Q3 2025 and $1.17 billion for This autumn 2024. “Excluding objects affecting comparability, the [quarter-on-quarter] decline was primarily pushed by decrease realized commodity costs throughout all merchandise”, Occidental stated.
Midstream and advertising pre-tax revenue was $204 million, in comparison with $81 million for Q3 and a pre-tax lack of $123 million for This autumn 2024. “Quarter-over-quarter enhancements had been attributed to increased fuel margins from transportation capability optimization within the Permian, decreased long-haul crude transportation prices and better sulfur costs at Al Hosn, partially offset by decrease fairness technique funding revenue from WES”, Occidental stated.
Working actions generated $2.63 billion in internet money, whereas free money move earlier than working capital was $963 million.
“With our enhanced stability sheet following the sale of OxyChem, we stay targeted on producing resilient free money move and sustaining flexibility in our capital and growth packages to assist near- and long-term worth creation”, stated president and chief govt Vicki Hollub.
Occidental ended 2025 with $8.83 billion in present belongings together with $1.97 billion in money and money equivalents.
Present liabilities stood at $9.43 billion together with $1.77 billion in present maturities from long-term debt.
To contact the creator, e-mail jov.onsat@rigzone.com
