Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 23

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 23
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 and 2024 —84,8978,287 8,287 Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2025 — 1,212,727,349 and 2024 — 1,166,769,167243 233 Treasury stock: 2025 — 228,311,184 shares and 2024 — 228,311,184 shares(15,597)(15,597)Additional paid-in capital20,849 19,868 Retained earnings21,776 21,189 Accumulated other comprehensive income164 179 Total stockholders' equity35,722 34,159 Noncontrolling interest454 321 Total equity36,176 34,480 TOTAL LIABILITIES AND EQUITY$84,360 $85,445 

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

3

Consolidated Condensed Statements of OperationsOccidental Petroleum Corporation and SubsidiariesThree months ended June 30,Six months ended June 30, millions, except per-share amounts2025202420252024REVENUES AND OTHER INCOMENet sales$6,414 $6,817 $13,217 $12,792 Interest, dividends and other income44 34 103 70 Gains (losses) on sales of assets and other, net(2)28 (21)27 Total6,456 6,879 13,299 12,889 COSTS AND OTHER DEDUCTIONSOil and gas lease operating expense1,135 1,179 2,352 2,340 Transportation and gathering expense409 405 822 758 Chemical and midstream cost of sales847 910 1,648 1,738 Selling, general and administrative expense284 259 551 518 Other operating and non-operating expense497 344 889 754 Taxes other than on income269 265 533 500 Depreciation, depletion and amortization1,936 1,775 3,853 3,468 Acquisition-related costs6 14 12 26 Exploration expense83 83 138 149 Interest and debt expense, net276 252 594 536 Total5,742 5,