earnings
confidence high
sentiment neutral
materiality 0.75
Occidental Q2 net income $288M, adjusted EPS $0.39; cuts 2025 capex guidance $100M
OCCIDENTAL PETROLEUM CORP /DE/
2025-Q2 EPS reported
$1.03
revenue$13,217,000,000
- Q2 net income attributable to common stockholders $288M ($0.26 diluted EPS); adjusted income $396M ($0.39 adjusted EPS).
- Operating cash flow $3.0B; free cash flow before working capital $0.7B; capital spending $2.0B.
- Total production 1,400 Mboed; midstream and marketing pre-tax income $49M exceeded high-end guidance.
- Reduced 2025 capex mid-point by $100M and international opex by $50M; $500M in YTD cost reductions realized.
- Announced $950M additional divestitures since Q2 start, $370M closed; repaid $3.0B debt YTD.
item 2.02item 9.01