secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000797468-25-000075
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Occidental Q1 net income $766M ($0.77 EPS), adjusted EPS $0.87; cuts capex guide $200M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000079746825000075/0000797468-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000079746825000075/oxy-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000797468-25-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer