Occidental Petroleum (OXY) Q3 2025 10-Q Quarterly Report

Filed: Nov 10, 2025Period ending Sep 30, 2025
Energy
Crude Petroleum & Natural GasSEC EDGAR

Occidental Petroleum (OXY) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 10, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Occidental Petroleum Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $6.6B Q3 2025, up from $6.4B in Q2 2025; YTD 2025 $20.1B vs prior year not explicitly stated
  • Net income attributable to common stockholders Q3 2025 up 150% from $0.26/share to $0.65/share Q2 2025; YTD net income down 36% to $1.7B vs $2.7B YTD 2024
  • Oil and gas segment best performer: Q3 earnings $1.3B vs $0.9B Q2 2025; YTD earnings $3.9B down 3% YoY; Chemical weakest: Q3 earnings $197M down from $213M Q2, YTD $595M down 30% YoY
  • Cash $2.2B, RCF capacity $4.15B, no borrowings; operating cash flow YTD $7.9B vs $8.2B prior year; capital expenditures $5.7B vs $5.2B prior year; plan to reduce debt by $6.5B with OxyChem sale proceeds
  • Near-term risks: volatile oil prices ($64.93/bbl Q3 vs $75.09 Q3 2024), tariff impacts, ongoing legal/environmental liabilities; guidance implies debt reduction focus, sustaining production and dividends

Risk Factors

  • New risk: OxyChem divestiture agreement with Berkshire Hathaway for $9.7B announced Oct 2025, subject to regulatory approvals, shifting environmental liability risk to Occidental
  • Material update: Accelerated debt repayments lowered long-term debt from $24.98B to $20.85B, improving liquidity and reducing near-term maturities risk
  • Regulatory risk: Ongoing environmental remediation at Diamond Alkali Superfund Site with potential additional liabilities up to $1.9B, including $1.4B cost for OU2 cleanup
  • Operational risk: Impact of commodity price volatility managed through derivatives with current oil forward price ~$64.61/Bbl, down from $71.07/Bbl year-end 2024
  • Financial risk: Debt reductions financed partly by $42.8M warrant exercises yielding $ million cash used for near-term debt repayment; receivables securitization facility terminated Sept 2025

Occidental Petroleum Q3 2025 Quarterly Financials
XBRL

Revenue

$6.7B

-4.8% YoY +5.8% QoQ

Net Income

$657M

-31.5% YoY +151.7% QoQ

Net Margin

9.8%

-383bp YoY +570bp QoQ

ROE

1.8%

Total Assets

$83.5B

EPS (Diluted)

$0.65

-34.3% YoY +150.0% QoQ

Operating Cash Flow

$2.8B

-24.2% YoY -5.7% QoQ

Source: XBRL data from Occidental Petroleum Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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