Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 24

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 24
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486 11,392 10,787 Income before income taxes and other items714 1,393 1,907 2,102 OTHER ITEMSIncome from equity investments and other24 242 163 543 Total24 242 163 543 Income from continuing operations before income taxes738 1,635 2,070 2,645 Income tax expense (270)(465)(657)(769)Income from continuing operations468 1,170 1,413 1,876 Discontinued operations, net of taxes— — — 182 NET INCOME468 1,170 1,413 2,058 Less: Net income attributable to noncontrolling interest(10)(8)(19)(8)Less: Preferred stock dividends(170)(170)(340)(340)NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$288 $992 $1,054 $1,710 PER COMMON SHAREIncome from continuing operations—basic$0.27 $1.10 $1.06 $1.71 Discontinued operations—basic— — — 0.20 Net income attributable to common stockholders—basic$0.27 $1.10 $1.06 $1.91 Income from continuing operations—diluted$0.26 $1.03 $1.03 $1.59 Discontinued operations—diluted— — — 0.19 Net income attributable to common stockholders—diluted$0.26 $1.03 $1.03 $1.78 The accompanying notes are an integral part of these Consolidated Condensed Financial Statements.

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Consolidated Condensed Statements of Comprehensive IncomeOccidental Petroleum Corporation and SubsidiariesThree months ended June 30,Six months ended June 30, millions2025202420252024Net income$468 $1,170 $1,413 $2,058 Other comprehensive income (loss) items:Gains (losses) on derivatives (8)(7)(11)2 Pension and postretirement losses(2)(8)(5)(12)Other4 (1)1 (1)Other comprehensive loss, net of tax(6)(16)(15)(11)Comprehensive income462 1,154 1,398 2,047 Less