Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 24

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 24
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)— Less: Preferred stock dividends(170)(170)NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$766 $718 PER COMMON SHAREIncome from continuing operations—basic$0.81 $0.60 Discontinued operations—basic— 0.21 Net income attributable to common stockholders—basic$0.81 $0.81 Income from continuing operations—diluted$0.77 $0.56 Discontinued operations—diluted— 0.19 Net income attributable to common stockholders—diluted$0.77 $0.75 The accompanying notes are an integral part of these Consolidated Condensed Financial Statements.

4

Consolidated Condensed Statements of Comprehensive IncomeOccidental Petroleum Corporation and SubsidiariesThree months ended March 31,millions20252024Net income$945 $888 Other comprehensive income (loss) items:Gains (losses) on derivatives (3)9 Pension and postretirement losses(3)(4)Other(3)— Other comprehensive income (loss), net of tax(9)5 Comprehensive income936 893 Less: Comprehensive income attributable to noncontrolling interest(9)— Comprehensive income attributable to preferred and common stockholders$927 $893 

The accompanying notes are an integral part of these Consolidated Condensed Financial Statements.

5

Consolidated Condensed Statements of EquityOccidental Petroleum Corporation and Subsidiaries

Equity Attributable to Common Stockmillions, except per-share amountsPreferred StockCommon StockTreasury StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive IncomeNon-controlling Interests Total EquityBalance as of December 31, 2023$8,287 $222 $(15,582)$17,422 $19,626 $275 $99 $30,349 Net income— — — — 888 — — 888 Other comprehensive income, net of tax— — — — — 5 — 5 Dividends on common stock, $0.22 per share— — — — (197)— — (197)Dividends on preferred stock, $2,000 per share— — — — (170)— — (170)Shareholder warrants exercised— — — 72