OXY
Occidental Petroleum Corporation
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Occidental Petroleum Corporation.
Occidental Petroleum Corporation is an oil and gas exploration and production company with operations in the United States, the Middle East, and North Africa, plus a chemicals business (OxyChem) and a low-carbon ventures unit focused on carbon capture and sequestration, including direct-air-capture projects. The company produces crude oil, natural gas, and NGLs and markets chemicals.
Coverage
Crude Settled 7.8% Above Both Our Oil Price Decks. Occidental Has 100,000 Barrels a Day Capped at $75.89.
WTI settled at $100.05 on 11 September, 7.8% above the quarter our Occidental and Vista models revert from. One sits 22% below the market, one 40% above.
Occidental's Earnings Went Up Tenfold. The Debt Paydown Explains 5% of the Increase.
Occidental's June-quarter EPS went from $0.26 to $2.75. Of the $3,355M pre-tax increase, $1,915M is Oil & Gas and $1,299M midstream. Lower interest is $163M.
Occidental (OXY): Oil-Price Spike Meets the Buffett-OxyChem Cleanup Ahead of August 5 Earnings
Occidental hasn't reported Q2 2026 yet, but its pre-earnings 8-K already shows a $96.78/barrel realized oil price on the same Middle East/Venezuela supply-shock tailwind lifting Chevron and Exxon this quarter — layered on top of a new CEO, a completed $9.5 billion OxyChem sale to Berkshire Hathaway, and an aggressive debt-paydown push.
Where the revenue goes next
Latest: $8.33B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $7.26B |
| 2023Q2 | $6.73B |
| 2023Q3 | $7.40B |
| 2023Q4 | $7.53B |
| 2024Q1 | $6.01B |
| 2024Q2 | $6.88B |
| 2024Q3 | $7.15B |
| 2024Q4 | $6.84B |
| 2025Q1 | $5.74B |
| 2025Q2 | $6.46B |
| 2025Q3 | $6.72B |
| 2025Q4 | $2.06B |
| 2026Q1 | $5.11B |
| 2026Q2 | $8.33B |
Latest: $2.75 (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $1.00 |
| 2023Q2 | $0.63 |
| 2023Q3 | $1.20 |
| 2023Q4 | $1.08 |
| 2024Q1 | $0.75 |
| 2024Q2 | $1.03 |
| 2024Q3 | $0.98 |
| 2024Q4 | −$0.32 |
| 2025Q1 | $0.77 |
| 2025Q2 | $0.26 |
| 2025Q3 | $0.65 |
| 2025Q4 | −$0.07 |
| 2026Q1 | $3.13 |
| 2026Q2 | $2.75 |
Latest: 7.5 (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | 7.2 |
| 2023Q2 | 10.0 |
| 2023Q3 | 14.2 |
| 2023Q4 | 15.3 |
| 2024Q1 | 17.8 |
| 2024Q2 | 15.5 |
| 2024Q3 | 13.4 |
| 2024Q4 | 20.2 |
| 2025Q1 | 19.9 |
| 2025Q2 | 24.6 |
| 2025Q3 | 34.2 |
| 2025Q4 | 25.5 |
| 2026Q1 | 16.4 |
| 2026Q2 | 7.5 |
Latest: $2.68B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $1.41B |
| 2023Q2 | $1.42B |
| 2023Q3 | $1.51B |
| 2023Q4 | $1.70B |
| 2024Q1 | $224M |
| 2024Q2 | $623M |
| 2024Q3 | $2.00B |
| 2024Q4 | $1.57B |
| 2025Q1 | $240M |
| 2025Q2 | $962M |
| 2025Q3 | $1.02B |
| 2025Q4 | $821M |
| 2026Q1 | −$273M |
| 2026Q2 | $2.68B |
Latest: 1000M (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | 975M |
| 2023Q2 | 959M |
| 2023Q3 | 958M |
| 2024Q1 | 949M |
| 2024Q2 | 959M |
| 2024Q3 | 976M |
| 2024Q4 | 938M |
| 2025Q1 | 983M |
| 2025Q2 | 1.01B |
| 2025Q3 | 1.00B |
| 2025Q4 | 985M |
| 2026Q1 | 1.01B |
| 2026Q2 | 1000M |
Latest: $15.91B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $1.41B |
| 2023Q2 | $2.83B |
| 2023Q3 | $4.34B |
| 2023Q4 | $6.04B |
| 2024Q1 | $6.26B |
| 2024Q2 | $6.88B |
| 2024Q3 | $8.88B |
| 2024Q4 | $10.46B |
| 2025Q1 | $10.70B |
| 2025Q2 | $11.66B |
| 2025Q3 | $12.68B |
| 2025Q4 | $13.50B |
| 2026Q1 | $13.23B |
| 2026Q2 | $15.91B |
Latest earnings
Company History
Occidental Petroleum is founded in Los Angeles, California, as a small oil exploration company.
Armand Hammer acquires a controlling interest and becomes president and CEO after the company strikes a rich crude deposit in Southern California, transforming Occidental into a major producer.
Occidental Petroleum begins trading on the New York Stock Exchange under the ticker OXY.
Occidental acquires Anadarko Petroleum for about $55 billion, funded in part by a $10 billion preferred equity investment from Berkshire Hathaway, making Warren Buffett's firm a major long-term shareholder.
Occidental closes its roughly $12.4 billion acquisition of Permian Basin producer CrownRock, expanding its Midland Basin footprint.
Occidental completes the $9.5 billion sale of its OxyChem chemicals unit to Berkshire Hathaway, accelerating debt paydown, while Richard Jackson succeeds Vicki Hollub as President and CEO effective June 1, 2026.
Key Players
The CEO view — 1 appearance →
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Funds we follow holding OXY
By latest reported 13F position value. Market value at quarter-end, not cost basis.