Occidental Petroleum (OXY) financial statements
Occidental Petroleum reported revenue of $21.6B in fiscal 2025, up 8.8% a year over 9 years.
Net income was $2.4B.
Free cash flow was $4.1B.
The diluted share count rose 31% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Occidental Petroleum's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1B | $12.5B | $17.8B | $20.9B | $17.8B | $26.0B | $36.6B | $23.2B | $22.0B | $21.6B |
| Cost of revenue | — | $2.9B | $2.8B | $2.8B | $2.4B | $2.8B | $3.3B | $3.1B | $3.1B | — |
| Gross profit | — | $9.6B | $15.0B | $18.1B | $15.4B | $23.2B | $33.4B | $20.0B | $18.9B | — |
| Selling, general and admin | — | — | $585M | $893M | $864M | $863M | $945M | $987M | $960M | $986M |
| Interest expense | $292M | $345M | $389M | $1.1B | $1.4B | $1.6B | $1.0B | $957M | $1.2B | $1.1B |
| Pre-tax income | -$1.8B | $1.3B | $5.6B | $354M | -$15.7B | $3.7B | $14.1B | $4.7B | $4.0B | $3.1B |
| Income tax | -$662M | $17M | $1.5B | $861M | -$2.2B | $915M | $813M | $1.3B | $1.2B | $1.0B |
| Net income | -$574M | $1.3B | $4.1B | -$985M | -$14.8B | $2.3B | $13.3B | $4.7B | $3.1B | $2.4B |
| EPS (diluted) | -$0.75 | $1.70 | $5.39 | -$1.22 | -$17.06 | $1.58 | $12.40 | $3.90 | $2.44 | $1.61 |
| Diluted shares | 764M | 766M | 763M | 810M | 919M | 959M | 1.00B | 961M | 967M | 1.00B |
| Gross margin | — | 76.5% | 84.1% | 86.7% | 86.5% | 89.3% | 91.1% | 86.5% | 85.8% | — |
| Net margin | -5.7% | 10.5% | 23.2% | -4.7% | -83.3% | 8.9% | 36.3% | 20.3% | 14.0% | 11.0% |
Balance sheet
Fiscal years, from Occidental Petroleum's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.2B | $1.7B | $3.0B | $3.0B | $2.0B | $2.8B | $984M | $1.4B | $2.1B | $2.0B |
| Receivables | $4.0B | $4.1B | $4.9B | $4.2B | $2.1B | $4.2B | $4.3B | $3.2B | $2.8B | $2.6B |
| Inventory | $866M | $1.2B | $1.3B | $1.6B | $1.9B | $1.8B | $2.1B | $2.0B | $1.8B | $1.8B |
| Total current assets | $8.4B | $8.3B | $9.9B | $14.6B | $8.8B | $10.2B | $8.9B | $8.4B | $9.1B | $8.8B |
| Property, plant and equipment | $32.3B | $31.2B | $31.4B | $82.2B | $65.9B | $59.9B | $58.4B | $55.5B | $65.9B | $63.6B |
| Goodwill | — | — | — | — | — | — | — | — | $668M | $668M |
| Total assets | $43.1B | $42.0B | $42.2B | $107.2B | $80.1B | $75.0B | $72.6B | $74.0B | $85.4B | $84.2B |
| Total current liabilities | $6.4B | $7.4B | $7.4B | $12.7B | $8.2B | $8.3B | $7.8B | $9.1B | $9.5B | $9.4B |
| Long-term debt | $9.8B | $9.3B | $10.2B | $38.5B | $35.7B | $29.4B | $19.7B | $18.5B | $25.0B | $20.6B |
| Total liabilities | $21.6B | $21.5B | $22.5B | $73.0B | $61.5B | $54.7B | $42.5B | $43.7B | $51.0B | $47.6B |
| Shareholders' equity | $21.5B | $20.6B | $21.3B | $34.2B | $18.6B | $20.3B | $30.1B | $30.2B | $34.2B | $36.0B |
| Net debt | $7.6B | $8.2B | $7.3B | $35.6B | $34.2B | $26.9B | $18.7B | $17.1B | $22.9B | $18.7B |
Cash flow
Fiscal years, from Occidental Petroleum's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.4B | $4.9B | $7.7B | $7.4B | $4.0B | $10.4B | $16.8B | $12.3B | $11.4B | $10.5B |
| Capital spending | $2.7B | $3.6B | $5.0B | $6.4B | $2.5B | $2.9B | $4.5B | $5.7B | $6.3B | $6.4B |
| Free cash flow | $667M | $1.3B | $2.7B | $1.0B | $1.4B | $7.6B | $12.3B | $6.6B | $5.2B | $4.1B |
| Stock-based compensation | $121M | $150M | $180M | $208M | $202M | $287M | $258M | $203M | $213M | $234M |
| Dividends paid | $2.3B | $2.3B | $2.4B | $2.6B | $1.8B | $839M | $1.2B | — | — | — |
| Share buybacks (net) | -$22M | -$25M | -$1.2B | -$237M | -$12M | -$8M | -$3.1B | -$1.8B | -$27M | $0 |
| Net borrowing | $1.5B | $0 | $478M | $21.6B | — | -$6.8B | -$9.5B | -$22M | $5.2B | -$3.8B |
| Free cash flow margin | 6.6% | 10.1% | 15.1% | 4.8% | 8.0% | 29.1% | 33.6% | 28.6% | 23.5% | 19.0% |
| Dividends per share | $3.02 | $3.06 | $3.11 | $3.24 | $2.01 | $0.88 | $1.18 | — | — | — |
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Open OXY in InvestinglyQuestions
What was Occidental Petroleum's revenue in 2025?
$21.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Occidental Petroleum generate?
$4.1B in fiscal 2025 (operating cash flow minus capital spending).
From Occidental Petroleum's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.