Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 34

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 34
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 securities(4)(5)(11)(15)Net income, net of participating securities$657 $959 $1,679 $2,659 Weighted-average number of basic shares986.4927.5971.2902.1Basic income per common share$0.67 $1.03 $1.73 $2.95 Net income attributable to common stock$661 $964 $1,715 $2,674 Less: Incremental fair value for warrants inducement— — (25)— Less: Net income allocated to participating securities(4)(4)(10)(14)Net income, net of participating securities$657 $960 $1,680 $2,660 Weighted-average number of basic shares986.4 927.5 971.2 902.1 Dilutive securities16.7 48.2 27.9 59.3 Dilutive effect of potentially dilutive securities1,003.1 975.7 999.1 961.4 Diluted income per common share$0.65 $0.98 $1.68 $2.77 (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 and nine months ended September 30, 2025, warrants held by Berkshire Hathaway for 83.9 million shares were excluded from diluted shares as their effect would have been anti-dilutive. For the three months ended September 30, 2024, warrants held by Berkshire Hathaway for 83.9 million shares were excluded from diluted shares as their effect would have been anti-dilutive.  For the nine months ended September 30, 2024, there were no shares that were excluded from diluted shares. 

21

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 Third Quarter 2025726,741 32,