Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 28

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 28
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135)Loss (gain) on sales of assets and other, net21 (27)Other noncash charges to income 502 308 Changes in operating assets and liabilities:(Increase) decrease in trade receivables55 (702)(Increase) decrease in inventories243 (787)Decrease in other current assets27 146 Increase (decrease) in accounts payable and accrued liabilities(622)47 Increase (decrease) in current domestic and foreign income taxes(238)207 Net cash provided by operating activities5,108 4,401 CASH FLOW FROM INVESTING ACTIVITIESCapital expenditures(3,906)(3,554)Change in capital accrual(7)(24)Purchases of assets, businesses and equity investments, net(108)(187)Proceeds from sales of assets, net1,450 148 Equity investments and other, net(159)(64)Net cash used by investing activities(2,730)(3,681)CASH FLOW FROM FINANCING ACTIVITIESPayments of long-term debt, net(2,280)— Proceeds from issuance of common stock931 504 Purchases of treasury stock— (9)Cash dividends paid on common and preferred stock(778)(698)Contributions from noncontrolling interest114 99 Other financing, net(162)(185)Net cash used by financing activities(2,175)(289)Increase in cash, cash equivalents, restricted cash and restricted cash equivalents203 431 Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period2,157 1,464 Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period$2,360 $1,895 The accompanying notes are an integral part of these Consolidated Condensed Financial Statements.

8

Notes to Consolidated Condensed Financial StatementsOccidental Petroleum Corporation and Subsidiaries

NOTE 1 - GENERALNATURE OF OPERATIONSOccidental conducts its operations through various subsidiaries and affiliates. Occidental has made its disclosures in accordance with United States generally accepted accounting principles as they apply to interim reporting, and has condensed or omitted, as permitted by the rules and regulations of the SEC, certain information and disclosures normally included in Consolidated Financial Statements and the notes thereto. These unaudited Consolidated Condensed Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and the notes thereto in the 2024 Form 10