Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 86

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 86
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.88$69.03$79.07Total Worldwide$64.78$63.76$66.46$77.06NGL ($/Bbl)United States$18.98$20.05$21.46$20.22International$24.40$25.72$25.97$28.31Total Worldwide$19.60$20.71$21.99$21.22Natural Gas ($/Mcf)United States$1.48$1.33$1.74$0.81International$1.89$1.90$1.89$1.89Total Worldwide$1.57$1.46$1.78$1.10Average Index PricesWTI oil ($/Bbl)$64.93$63.74$66.70$77.54Brent oil ($/Bbl)$68.14$66.59$69.87$81.73NYMEX gas ($/Mcf)$3.28$3.68$3.53$2.24Average Realized Prices as Percentage of Average Index PricesWorldwide oil as a percentage of average WTI100 %100 %100 %99 %Worldwide oil as a percentage of average Brent95 %96 %95 %94 %Worldwide NGL as a percentage of average WTI30 %32 %33 %27 %Domestic natural gas as a percentage of average NYMEX45 %36 %49 %36 %

Q3 2025 compared to Q2 2025

Oil and gas segment earnings were $1.3 billion for the three months ended September 30, 2025, compared with segment earnings of $0.9 billion for the three months ended June 30, 2025. Excluding the impact of items affecting comparability, oil and gas segment earnings increased due to higher crude oil sales volumes worldwide and higher domestic oil prices.

Average daily sales volumes increased for the three months ended September 30, 2025, compared to the three months ended June 30, 2025, mainly due to higher production from current year drilling plans in the Midland Basin.

YTD 2025 compared to YTD 2024

Oil and gas segment earnings were $3.9 billion for the nine months ended September 30, 2025, compared to $4.0 billion for the nine months ended September 30,