Filing Flows › Occidental Petroleum (OXY) › Q1 2025
Occidental Petroleum (OXY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Occidental Petroleum (OXY) reported revenue of $6.8B for the first quarter 2025 (Q1 2025), +14% from a year earlier and +0.6% from the quarter before. Operating margin was 19.6%, net earnings $761M (11.2% of revenue).
Occidental Petroleum, Q1 2025: revenue $6.8B (+14% year over year), operating margin 19.6%, net earnings $761M, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | +0.6% | +14% |
| Operating profit | $1.3B | — | +12% |
| Net earnings | $761M | — | -14% |
| Operating cash flow | $2.1B | -36% | +7% |
| Free cash flow | $240M | -85% | +7% |
What changed
Revenue was $6.8B in Q1 2025, up 14% year over year and up 1% from the previous quarter.
Operating profit was $1.3B, a 19.6% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, below the 20% margin then. Total costs grew 14% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $0.76B, down 14% year over year. The effective tax rate was 29.1%.
Operating cash flow was $2.1B (up 7% year over year), 227% of net income including minority interests. Non-cash charges added back $1.9B of depreciation and amortization. Working capital and other items used $0.71B. Capital expenditures of $1.9B left free cash flow of $0.24B.
Questions
What was Occidental Petroleum's revenue in the first quarter 2025?
Occidental Petroleum (OXY) reported revenue of $6.8B for the first quarter 2025 (Q1 2025), +14% from a year earlier and +0.6% from the quarter before.
Was Occidental Petroleum profitable in the first quarter 2025?
Operating profit was $1.3B (19.6% of revenue) and net earnings $761M.