Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 83

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 83
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 (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.

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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— — (30)(6)Midstream and marketingAsset impairments and other charges (a)— (162)(162)(21)Derivative gains (losses), net (a)(31)95 (20)56 Gains on sales of assets and other, net (a)— — — 647 Equity method investments fair value gain61 — 61 27 Total midstream and marketing30 (67)(121)709 CorporateAcquisition-related costs and others (b)(1)(6)(13)(141)Total corporate(1)(6)(13)(141)Income tax impact on items affecting comparability5 30 61 2 Income tax impact on Algeria contract renewal— — — (20)Gain (loss)12 (108)(190)(82)Discontinued operations, net of taxes— — — 182 Total$12 $(108)$(190)$100 

(a)    Included amounts from income from equity investments and other in the Consolidated Condensed Statement of Operations.

(b)    The nine months ended September 30, 202