Occidental Petroleum Corp
oxy.comHow Do They Make Money?
Sources
-
10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by reportable segment ↗
Revenue, FY2025
$21.6B
Sources
-
10-K for FY2025, filed Feb 18, 2026
$21.6B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Oil and gas
|
97%
FY2022: 74%
|
Oil and gas, FY2025
$20.9B Sources
|
|
Midstream and marketing
|
5.8%
FY2022: 11%
|
Midstream and marketing, FY2025
$1.3B Sources
|
Do Revenues Turn Into Profits?
Yes. It kept 11 cents of every revenue dollar as net income in FY2025 and turned 19 cents into free cash flow.
How Are They Changing?
Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Oil and gas segment share of revenue
vs 97.0% in Q2 FY2025
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
Shrinking. Revenue fell 17% in 4 years, from $26B in FY2021 to $21.6B in FY2025, about 4% a year.
Revenue over time
Oil and gas
Midstream and marketing
Chemical
$50B$25B$0
$18.9B
$27.2B
$21.3B
$21.7B
$20.9B
100%50%0%
73%
20%
74%
18%
92%
23%
96%
97%
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