Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 66

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 66
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Income from continuing operations $468 $1,170 $1,413 $1,876 Discontinued operations, net of taxes (a)— — — 182 Net income$468 $1,170 $1,413 $2,058 Less: Income attributable to noncontrolling interest(10)(8)(19)(8)Less: Preferred stock dividends(170)(170)(340)(340)Net income attributable to common stock$288 $992 $1,054 $1,710 Less: Incremental fair value for warrants inducement(25)— (25)— Less: Net income allocated to participating securities(2)(7)(7)(10)Net income, net of participating securities$261 $985 $1,022 $1,700 Weighted-average number of basic shares985.1893.8963.5889.2Basic income per common share$0.27 $1.10 $1.06 $1.91 Net income attributable to common stock$288 $992 $1,054 $1,710 Less: Incremental fair value for warrants inducement(25)— (25)— Less: Net income allocated to participating securities(2)(7)(7)(10)Net income, net of participating securities$261 $985 $1,022 $1,700 Weighted-average number of basic shares985.1 893.8 963.5 889.2 Dilutive securities25.3 65.1 33.5 64.9 Dilutive effect of potentially dilutive securities1,010.4 958.9 997.0 954.1 Diluted income per common share$0.26 $1.03 $1.03 $1.78 (a) In 2024, an arbitration was settled related to discontinued operations in Ecuador which resulted in a gain of $182 million, net of taxes.For the three months ended June 30, 2025, options and warrants for 84.2 million shares were excluded from diluted shares as their effect would have been anti-dilutive. For the six months ended June 30, 2025, warrants for 83.9 million shares were excluded from diluted shares as their effect would have been anti-dilutive. For the three and six months ended June