Filing Flows › Occidental Petroleum (OXY) › Q4 2025
Occidental Petroleum (OXY) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Occidental Petroleum (OXY) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -74% from the quarter before. Operating margin was 8.8%, net earnings $114M (6.5% of revenue).
Occidental Petroleum, Q4 2025: revenue $1.8B (-15% year over year), operating margin 8.8%, net earnings $114M, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -74% | -15% |
| Operating profit | $154M | -87% | — |
| Net earnings | $114M | -86% | — |
| Operating cash flow | $2.6B | -6% | -22% |
| Free cash flow | $1.9B | +84% | -19% |
What changed
Revenue was $1.8B in Q4 2025, down 15% year over year and down 74% from the previous quarter.
Operating profit was $0.15B, a 8.8% margin (up 17.8 points year over year). Total costs fell 29% while revenue fell 15%. Net earnings were −$0.07B. The effective tax rate was 26.0%.
Operating cash flow was $2.6B (down 22% year over year), 2311% of net income including minority interests. Non-cash charges added back $1.6B of depreciation and amortization. Working capital and other items added $0.90B. Capital expenditures of $0.75B left free cash flow of $1.9B.
Questions
What was Occidental Petroleum's revenue in the fourth quarter 2025?
Occidental Petroleum (OXY) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -15% from a year earlier and -74% from the quarter before.
Was Occidental Petroleum profitable in the fourth quarter 2025?
Operating profit was $154M (8.8% of revenue) and net earnings $114M.