Filing Flows › Occidental Petroleum (OXY) › Q2 2025
Occidental Petroleum (OXY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Occidental Petroleum (OXY) reported revenue of $6.4B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -6% from the quarter before. Operating margin was 11.5%, net earnings $261M (4.1% of revenue).
Occidental Petroleum, Q2 2025: revenue $6.4B (-6% year over year), operating margin 11.5%, net earnings $261M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4B | -6% | -6% |
| Operating profit | $738M | -45% | -55% |
| Net earnings | $261M | -66% | -74% |
| Operating cash flow | $3.0B | +38% | +24% |
| Free cash flow | $962M | +301% | +54% |
What changed
Revenue was $6.4B in Q2 2025, down 6% year over year and down 6% from the previous quarter.
Operating profit was $0.74B, a 11.5% margin (down 12.5 points year over year). Total costs grew 10% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.26B, down 74% year over year. The effective tax rate was 36.6%.
Operating cash flow was $3.0B (up 24% year over year), 632% of net income including minority interests. Non-cash charges added back $1.9B of depreciation and amortization. Working capital and other items added $0.56B. Capital expenditures of $2.0B left free cash flow of $1.0B.
Questions
What was Occidental Petroleum's revenue in the second quarter 2025?
Occidental Petroleum (OXY) reported revenue of $6.4B for the second quarter 2025 (Q2 2025), -6% from a year earlier and -6% from the quarter before.
Was Occidental Petroleum profitable in the second quarter 2025?
Operating profit was $738M (11.5% of revenue) and net earnings $261M.