OXY OCCIDENTAL PETROLEUM CORP /DE/

Overview and Growth

In fiscal 2025, OCCIDENTAL PETROLEUM CORP /DE/ recorded $21.59B of revenue, net income of $1.61B, and an operating cash inflow of $10.53B. The $21.59B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 1.9% below fiscal 2024 revenue of $22.02B, marking a top-line contraction. The company reported diluted EPS of $1.61, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 34.0% decrease from fiscal 2024 diluted EPS of $2.44. At period end, total assets were $84.19B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.26x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The bottom-line result was net income of $1.61B, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 7.5% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $3.13B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 14.5%, relating income before taxes directly to revenue. Income tax expense totaled $1.02B, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 32.6% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 4.4%, indicating the profitability achieved on book capital. Net income represented 1.9% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

At period end, the $84.19B asset base was financed through $47.59B of liabilities and $36.60B of equity. The near-term balance sheet paired $8.83B of current assets with $9.43B of current liabilities at the reporting date. The current ratio was 0.94x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $1.97B, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 20.9% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $21.40B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.58x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 25.4% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 56.5%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 2.3%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $85.44B in fiscal 2024, the current asset base moved 1.5% and finished lower. Book equity was 6.1% higher than fiscal 2024 equity of $34.48B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $10.53B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 6.53x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $6.43B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 61.0% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $4.11B, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 19.0%, showing how much sales converted into cash after investment. Free cash flow equaled 4.9% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.