Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 23

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 23
---
 and 2024 —84,8978,287 8,287 Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2025 — 1,170,361,105 and 2024 — 1,166,769,167234 233 Treasury stock: 2025 — 228,311,184 shares and 2024 — 228,311,184 shares(15,597)(15,597)Additional paid-in capital19,892 19,868 Retained earnings21,726 21,189 Accumulated other comprehensive income170 179 Total stockholders' equity34,712 34,159 Noncontrolling interest393 321 Total equity35,105 34,480 TOTAL LIABILITIES AND EQUITY$84,967 $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 March 31,millions, except per-share amounts20252024REVENUES AND OTHER INCOMENet sales$6,803 $5,975 Interest, dividends and other income59 36 Losses on sales of assets and other, net(19)(1)Total6,843 6,010 COSTS AND OTHER DEDUCTIONSOil and gas lease operating expense1,217 1,161 Transportation and gathering expense413 353 Chemical and midstream cost of sales801 828 Selling, general and administrative expense267 259 Other operating and non-operating expense392 410 Taxes other than on income264 235 Depreciation, depletion and amortization1,917 1,693 Acquisition-related costs6 12 Exploration expense55 66 Interest and debt expense, net318 284 Total5,650 5,301 Income before income taxes and other items1,193 709 OTHER ITEMSIncome from equity investments and other139 301 Total139 301 Income from continuing operations before income taxes1,332 1,010 Income tax expense (387)(304)Income from continuing operations945 706 Discontinued operations, net of taxes— 182 NET INCOME945 888 Less: Net income attributable to noncontrolling interest(9