Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 66

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 66
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1)%(170)Net income attributable to common stockholders$661 130 %$288 Net income per share attributable to common stockholders - diluted$0.65 150 %$0.26 

(a)    Refer to the Items Affecting Comparability table which sets forth items affecting Occidental's earnings that vary widely and unpredictably in nature, timing and amount.

millionsNine months ended September 30, 2025% ChangeNine months ended September 30, 2024Net incomeOil and gas (a)$3,931 (3)%$4,042 Chemical (a)595 (30)%854 Midstream and marketing (a)65 (91)%714 Total4,591 (18)%5,610 Unallocated Corporate Items (a)Interest expense, net(864)2 %(848)Income tax expense(981)(20)%(1,223)Corporate and other items, net(491)(6)%(523)Income from continuing operations$2,255 (25)%$3,016 Discontinued operations, net of taxes — (100)%182 Net income $2,255 (29)%$3,198 Less: Net income attributable to noncontrolling interest(31)107 %(15)Less: Preferred stock dividends(509)— %(509)Net income attributable to common stockholders$1,715 (36)%$2,674 Net income per share attributable to common stockholders - diluted$1.68 (39)%$2.77 

(a)    Refer to the Items Affecting Comparability table which sets forth items affecting Occidental's earnings that vary widely and unpredictably in nature, timing and amount.

28

ITEMS AFFECTING COMPARABILITY

The following table sets forth items affecting the comparability of Occidental's earnings that vary widely and unpredictably in nature, timing and amount:

Three months endedNine months endedmillionsSeptember 30, 2025June 30, 2025September 30, 2025September 30, 2024Oil and gasLosses on sales of assets and other, net$(22)$— $(22)$(572)Legal reserves and other— (65)(65)(54)Total oil and gas(22)(65)(87)(626)ChemicalLegal reserves and other— — (30)(6)Total chemical— —