Occidental Petroleum income statement
In fiscal 2025, Occidental Petroleum reported revenue of $21.59bn, down 1.9% on the year before and net income of $1.61bn, or $1.61 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.8 | 19.0 | 23.9 | 20.1 | 20.2 | 19.3 | 12.5 | 10.1 | 12.5 | 17.8 | 20.9 | 17.8 | 26.0 | 36.6 | 23.2 | 22.0 | 21.6 | 21.7 |
| Cost of revenue | — | — | — | — | — | — | — | — | 2.9 | 2.8 | 2.8 | 2.4 | 2.8 | 3.3 | 3.1 | 3.1 | — | — |
| Gross profit | — | — | — | — | — | — | — | — | 9.6 | 15.0 | 18.1 | 15.4 | 23.2 | 33.4 | 20.0 | 18.9 | — | — |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — | 0.6 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 0.9 |
| Income before tax | 5.0 | 7.4 | 10.5 | 6.1 | 7.8 | 1.5 | −9.5 | −1.7 | 1.3 | 5.6 | 0.4 | −15.7 | 3.7 | 14.1 | 4.7 | 4.0 | 3.1 | 5.4 |
| Income tax | 2.1 | 3.0 | 4.2 | 2.7 | 3.2 | 1.7 | −1.3 | −0.7 | 0.0 | 1.5 | 0.9 | −2.2 | 0.9 | 0.8 | 1.3 | 1.2 | 1.0 | 1.4 |
| Net income | 2.9 | 4.5 | 6.8 | 4.6 | 5.9 | 0.6 | −7.8 | −0.6 | 1.3 | 4.1 | −1.0 | −14.8 | 2.3 | 13.3 | 4.7 | 2.4 | 1.6 | 6.5 |
| Diluted EPS | $3.58 | $5.56 | $8.32 | $5.67 | $7.32 | $0.79 | −$10.23 | −$0.75 | $1.70 | $5.39 | −$1.22 | −$17.06 | $1.58 | $12.40 | $3.90 | $2.44 | $1.61 | $6.49 |
| Diluted shares (average) | 814m | 814m | 813m | 810m | 805m | 781m | 766m | 764m | 766m | 763m | 810m | 919m | 959m | 1,002m | 961m | 967m | 1,000m | 1,007m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,173 | 2,054 | 5,704 | 5,258 | 6,624 | 1,752 | 5,230 | 8,065 |
| Cost of revenue | 889 | 494 | 801 | 847 | 812 | — | — | — |
| Gross profit | 6,284 | 1,560 | 4,903 | 4,411 | 5,812 | — | — | — |
| Selling, general and administrative | 268 | 174 | 241 | 257 | 277 | 158 | 245 | 262 |
| Income before tax | 1,594 | −215 | 1,177 | 560 | 1,166 | −108 | 390 | 3,915 |
| Income tax | 454 | −65 | 347 | 222 | 324 | 40 | 154 | 915 |
| Net income | 959 | −295 | 761 | 261 | 657 | −67 | 3,155 | 2,787 |
| Diluted EPS | $0.98 | −$0.33 | $0.77 | $0.26 | $0.65 | −$0.07 | $3.13 | $2.75 |
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