For Q1 FY2026 (ended March 31, 2026), Occidental Petroleum reported revenue of $5.23 billion, down 8.3% year-over-year. Diluted EPS was $3.13, up 306.5% from the prior year. Net income for the trailing twelve months ended March 31, 2024 was $888 million, down 29.7% year-over-year. The company had $3.81 billion in cash, $38.93 billion in equity, and $14.71 billion in long-term debt as of March 31, 2026.
•Revenue decreased 8.3% YoY to $5.23 billion.
•Diluted EPS surged 306.5% to $3.13.
•Net income (TTM) fell 29.7% to $888 million.
•Long-term debt stood at $14.71 billion with cash of $3.81 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Occidental Petroleum acquires, explores, and develops oil and gas properties in the United States and globally. Its business is organized into Oil and Gas and Midstream and Marketing.
The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities.
The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Founded in 1920, Occidental Petroleum is headquartered in Houston, Texas.
What does Occidental Petroleum Corporation (OXY) do?
Occidental Petroleum Corporation, commonly known as OXY, is an energy company that acquires, explores, and develops oil and gas properties in the United States and globally. Its operations are organized into two main segments: Oil and Gas, and Midstream and Marketing. The Oil and Gas segment focuses on exploring for, developing, and producing oil, condensate, natural gas liquids (NGLs), and natural gas. The Midstream and Marketing segment purchases, markets, gathers, processes, transports, and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Additionally, the company optimizes its transportation and storage capacity and invests in related entities.
Where is Occidental Petroleum (OXY) listed and in which currency?
Occidental Petroleum Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol OXY. The company's stock is traded in US Dollars (USD), reflecting its primary listing in the United States. As a US-based corporation, its financial reporting and share pricing are conducted in USD, making it accessible to investors on major US exchanges.
What sector and industry does Occidental Petroleum (OXY) belong to?
Occidental Petroleum operates in the Energy sector, specifically within the Oil & Gas E&P (Exploration and Production) industry. This means the company is primarily involved in the exploration, development, and production of crude oil and natural gas. As an E&P company, OXY focuses on finding and extracting hydrocarbon resources from underground reservoirs, which are then sold to refiners, marketers, and other customers. The Energy sector encompasses a wide range of activities, but OXY's core business lies in upstream oil and gas operations.
Where is Occidental Petroleum (OXY) headquartered and what is its history?
Occidental Petroleum Corporation is headquartered in Houston, Texas, United States. The company was founded in 1920, giving it over a century of history in the energy industry. From its base in Houston, a major hub for oil and gas companies, OXY conducts its global operations, including exploration and production activities in the US and internationally. The company's long-standing presence in the sector underscores its experience and established position in the oil and gas market.
How does Occidental Petroleum (OXY) make money?
Occidental Petroleum generates revenue through two primary business segments. The Oil and Gas segment earns income by exploring for, developing, and producing crude oil, condensate, natural gas liquids (NGLs), and natural gas, which are then sold to customers. The Midstream and Marketing segment makes money by purchasing, marketing, gathering, processing, transporting, and storing oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also optimizes transportation and storage capacity and invests in related entities. Together, these activities allow OXY to profit from both upstream production and midstream logistics and trading.