OXY Q1 2025 Earnings
Reported May 7, 2025 at 4:15 PM ET · SEC Source
Q1 25 EPS
$0.87
BEAT +13.99%
Est. $0.76
Q1 25 Revenue
$6.84B
MISS 0.91%
Est. $6.91B
vs S&P Since Q1 25
+25.3%
BEATING MARKET
OXY +52.8% vs S&P +27.5%
Market Reaction
Did OXY Beat Earnings? Q1 2025 Results
Occidental Petroleum posted a stronger-than-expected first quarter in 2025, delivering adjusted EPS of $0.87 against a consensus estimate of $0.76, a 13.99% beat, as surging commodity prices and operational discipline drove earnings well above the ye… Read more Occidental Petroleum posted a stronger-than-expected first quarter in 2025, delivering adjusted EPS of $0.87 against a consensus estimate of $0.76, a 13.99% beat, as surging commodity prices and operational discipline drove earnings well above the year-ago figure of $0.63. Revenue came in at $6.84 billion, up 10.1% year over year though fractionally below the $6.91 billion analyst estimate, with the modest shortfall doing little to overshadow the broader earnings story. The key driver was the oil and gas segment, where pre-tax income jumped to $1.70 billion from $1.20 billion in Q4 2024, fueled by domestic natural gas prices that nearly doubled sequentially and NGL realizations rising 19% to $25.94 per barrel. Occidental's aggressive debt reduction push continued, with $2.30 billion repaid year-to-date after closing $1.30 billion in asset sales. Looking ahead, management trimmed the 2025 capital guidance midpoint by $200 million and domestic operating costs by $150 million, signaling confidence in Permian efficiency gains even as oil price uncertainty lingers.
Key Takeaways
- • Higher domestic realized commodity prices across oil, NGL, and natural gas
- • Worldwide realized crude oil prices increased 2% sequentially to $71.07/barrel
- • Domestic realized gas prices increased 92% sequentially to $2.42/Mcf
- • NGL prices increased 19% sequentially to $25.94/barrel
- • Midstream and marketing exceeded midpoint guidance by $127 million due to timing of crude oil sales and higher sulfur prices at Al Hosn
- • OxyChem exceeded guidance by $15 million on adjusted basis
- • Operational efficiency gains reducing capital and operating costs
OXY YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
OXY Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the first quarter, our teams' sustained focus on operational excellence unlocked additional efficiencies and supported the delivery of resilient free cash flow.”
— Vicki Hollub, Q1 2025 Earnings Press Release
OXY Earnings Trends
OXY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OXY EPS Trend
Earnings per share: estimate vs actual
OXY Revenue Trend
Quarterly revenue: estimate vs actual
OXY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 FY | — | $0.31 | — | $5.42B | — |
| FY Full Year | — | $2.21 | — | $22.08B | — |
| Q3 25 BEAT | $0.49 | $0.64 | +29.90% | $6.62B | -1.73% |
| Q2 25 BEAT | $0.31 | $0.39 | +24.80% | $6.46B | +2.66% |
| Q1 25 BEAT | $0.76 | $0.87 | +13.99% | $6.84B | -0.91% |