NYSE$OXY
Occidental Petroleum Corp · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Occidental reported Q1 2026 net income attributable to common stockholders of $3.2B, or diluted EPS of $3.13, including discontinued operations.
For Q1 2026, Occidental reported net income of $3.36 billion and net income attributable to common stockholders of $3.18 billion, or $3.13 diluted EPS, versus $766 million and $0.77 a year ago. Results were dominated by $3.12 billion of after-tax income from discontinued operations, primarily the OxyChem sale gain, while continuing operations contributed modestly. Total production averaged 1,426 Mboed, above guidance.
- Net income attributable to common stockholders $3.18B; diluted EPS $3.13.
- Discontinued operations gain of $3.12 per diluted share from OxyChem sale.
- Continuing operations EPS $0.05 diluted on $236M income from continuing ops.
- Production 1,426 Mboed exceeded high end of guidance.
- Debt reduction of $7.1B through May 5 cited in related 8-K release.
Headline financials
Revenue & EPS history
Occidental · Revenue · Quarterly
$5.11B
Revenue by segment
Occidental · $6.15B total across 2 segments · Q3 2023
- Oil & Gas$5.59B-21.2%91.0%
- Midstream & Marketing$552M-45.1%9.0%
Forward guidance
Management emphasizes deleveraging toward $10B principal debt, capital discipline, and operational execution; no separate full-year EPS guide in the 10-Q.
Tailwinds
- Large cash generation and accelerated debt paydown.
- Strong production and midstream execution per release.
Headwinds
- GAAP earnings heavily non-recurring from asset sale.
- Commodity price and geopolitical volatility remain key risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.4%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+0.0%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+23.7%
Q3 2020
Best reaction
-13.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -7.1% | -7.2% | -4.0% | |
| Q1 2026 | +0.1% | -7.2% | -4.0% | |
| Q3 2025 | +0.8% | +2.3% | -1.4% | |
| Q2 2025 | +2.5% | +3.8% | +7.9% | |
| Q1 2025 | +6.1% | +13.8% | +9.0% | |
| Q4 2024 | +4.4% | +2.1% | -1.8% | |
| Q3 2024 | +0.6% | -1.7% | -5.2% | |
| Q2 2024 | +4.3% | +5.1% | -7.3% | |
| Q1 2024 | -2.1% | -2.2% | -7.6% | |
| Q4 2023 | +4.3% | +5.1% | +8.7% | |
| Q3 2023 | -1.0% | -1.2% | -8.7% | |
| Q2 2023 | -0.7% | +2.0% | +3.1% | |
| Q1 2023 | -3.6% | -1.5% | +1.3% | |
| Q4 2022 | -0.7% | +3.8% | +5.3% | |
| Q3 2022 | -10.6% | -2.2% | -16.1% | |
| Q2 2022 | -6.5% | -9.5% | +4.9% | |
| Q1 2022 | +3.9% | +10.8% | +12.7% | |
| Q4 2021 | +0.1% | +20.9% | +51.7% | |
| Q3 2021 | -1.3% | -0.3% | -13.9% | |
| Q2 2021 | -0.4% | +2.3% | +3.1% | |
| Q1 2021 | -10.4% | -8.4% | +3.5% | |
| Q4 2020 | +2.5% | +4.7% | +6.5% | |
| Q3 2020 | +23.7% | +17.9% | +93.7% | |
| Q2 2020 | -1.9% | -5.2% | -28.3% | |
| Q1 2020 | -13.7% | -3.2% | +0.2% | |
| Q4 2019 | -4.3% | -3.6% | -66.1% | |
| Q3 2019 | -0.9% | -5.2% | -9.1% | |
| Q2 2019 | +1.3% | -5.8% | -17.1% | |
| Q1 2019 | +3.0% | -5.1% | -18.2% | |
| Q4 2018 | +1.6% | +3.6% | +0.6% | |
| Q3 2018 | +7.4% | +7.7% | +2.0% | |
| Q2 2018 | -5.1% | -4.6% | -6.5% | |
| Q1 2018 | +6.6% | +10.0% | +11.9% | |
| Q4 2017 | -0.0% | -2.4% | -8.5% | |
| Q3 2017 | +4.3% | +5.0% | +7.3% | |
| Q2 2017 | +0.0% | +0.5% | -2.9% | |
| Q1 2017 | +0.4% | -0.5% | +0.9% | |
| Q4 2016 | +2.5% | -1.0% | -10.3% | |
| Q3 2016 | -7.0% | -8.7% | -2.2% | |
| Q2 2016 | +1.5% | +1.7% | +6.0% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | +5.6% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +4.6% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +2.8% | — | — | |
| Q4 2012 | +2.8% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +6.1% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +4.8% | — | — | |
| Q2 2011 | -7.3% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2007 | +0.1% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q3 2010 | +3.1% | — | — | |
| Q1 2009 | -3.1% | — | — | |
| Q2 2010 | -3.1% | — | — | |
| Q1 2010 | +2.8% | — | — | |
| Q4 2009 | +0.4% | — | — | |
| Q3 2008 | +4.8% | — | — | |
| Q3 2009 | +4.8% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q2 2008 | -0.9% | — | — |
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