Occidental provides preliminary Q2 2025 guidance: Gulf production curtailed, tax rate up

OCCIDENTAL PETROLEUM CORP /DE/

2025-Q2 EPS reported $1.03 revenue$13,217,000,000

Gulf of America sales volumes estimated at 125 Mboed due to third-party constraints and maintenance; total production within guidance.
Adjusted effective tax rate expected to be 35-37% due to lower anticipated oil prices shifting income mix.
Average diluted shares outstanding for Q2 2025 were 1,010.4 million shares.
Worldwide average realized oil price $63.76/Bbl, NGL $20.71/Bbl, natural gas $1.46/Mcf.
Preliminary data; not final earnings.

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