Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 45

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 45
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 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 30, 2024, there were no Occidental common stock warrants nor options that were excluded from diluted shares. The following table presents Occidental's common share activity, including exercises of warrants, and other transactions in Occidental's common stock in 2025:PeriodExercise of Warrants (a)Other (b)Common Stock OutstandingDecember 31, 2024938,457,983 First Quarter 2025123,673 3,468,265 942,049,921 Second Quarter 202541,926,088 440,156 984,416,165 Total42,049,761 3,