Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 8

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 8
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's average realized prices and index prices:

Three months endedMarch 31, 2025December 31, 2024March 31, 2024Average Realized PricesOil ($/Bbl)United States$70.80$69.27$75.54International$72.59$72.55$78.29Total Worldwide$71.07$69.73$76.04NGL ($/Bbl)United States$25.67$21.14$21.17International$27.85$27.11$28.33Total Worldwide$25.94$21.80$22.14Natural Gas ($/Mcf)United States$2.42$1.26$1.61International$1.90$1.88$1.87Total Worldwide$2.30$1.41$1.68Average Index PricesWTI oil ($/Bbl)$71.42$70.27$76.96Brent oil ($/Bbl)$74.89$73.97$81.83NYMEX gas ($/Mcf)$3.62$2.66$2.35Average Realized Prices as Percentage of Average Index PricesWorldwide oil as a percentage of average WTI100 %99 %99 %Worldwide oil as a percentage of average Brent95 %94 %93 %Worldwide NGL as a percentage of average WTI36 %31 %29 %Domestic natural gas as a percentage of average NYMEX67 %47 %68 %

Q1 2025 compared to Q4 2024

Oil and gas segment earnings were $1.7 billion for the three months ended March 31, 2025, compared with segment earnings of $1.2 billion for the three months ended December 31, 2024. Excluding the impact of items affecting comparability, oil and gas segment earnings increased due to higher domestic prices across all products and higher other revenues, partially offset by lower sales volumes.

Average daily sales volumes decreased for the three months ended March 31, 2025, compared to the three months ended December 31, 2024, primarily due to ethane rejection in the Rockies and delays due to weather and third-party facility disruptions in the Permian and maintenance in GOA.

Q1 2025 compared to Q1 2024

Oil and gas segment earnings were $1.7 billion for the three