earnings
confidence high
sentiment positive
materiality 0.75
Occidental Q1 net income $766M ($0.77 EPS), adjusted EPS $0.87; cuts capex guide $200M
OCCIDENTAL PETROLEUM CORP /DE/
2025-Q1 EPS reported
$0.77
revenue$6,803,000,000
- Net income $766M ($0.77 diluted); adjusted income $860M ($0.87 diluted) for Q1 2025.
- Operating cash flow $2.1B; free cash flow before working capital $1.2B; capital spending $1.9B.
- Closed $1.3B in asset sales during Q1; repaid $2.3B of debt year-to-date.
- Reduced 2025 capital guidance mid-point by $200M; domestic operating costs by $150M.
- Production of 1,391 Mboed at mid-point; OxyChem pre-tax adjusted income $215M above guidance.