OXY Q2 2025

Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Occidental Petroleum delivered a convincing earnings beat in Q2 2025, posting adjusted EPS of $0.39 against a Wall Street consensus of $0.31, a 24.80% positive surprise, even as sharply lower commodity prices dragged revenue down 6.1% year-over-year … Read more Occidental Petroleum delivered a convincing earnings beat in Q2 2025, posting adjusted EPS of $0.39 against a Wall Street consensus of $0.31, a 24.80% positive surprise, even as sharply lower commodity prices dragged revenue down 6.1% year-over-year to $6.46 billion, itself edging past the $6.29 billion estimate by 2.66%. The standout driver was operational discipline in a punishing price environment: WTI averaged just $63.74 per barrel while domestic natural gas prices collapsed 45% sequentially to $1.33/Mcf, yet total production of 1,400 Mboed exceeded guidance midpoints and lease operating expenses fell to $8.93 per BOE from $9.72 in Q1. The company's aggressive debt reduction push remained front and center, with $3.0 billion repaid year-to-date and $950 million in fresh divestitures announced since Q2 began. Looking ahead, management trimmed the 2025 capital guidance midpoint by another $100 million, bringing cumulative cost reductions to $500 million from original targets, signaling continued efficiency gains even as the commodity backdrop remains uncertain.